The Wall Street Journal: Rules for lending to the poor under review
Trump administration kicks off reassessment of 1977 law that has ‘not kept pace’ with changes in banking
In the News
Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.
Reveal: Community groups propose redlining solutions to Philadelphia City Council
Though blacks and whites represent similar shares of the population in the Philadelphia metro area, Reveal found white borrowers received 10 times as many conventional home loans as black ones.
NextCity: Mapping 80 years of segregation in U.S. cities
New report from NCRC shows the legacy of redlining.
Washington Post: Redlining was banned 50 years ago. It’s still hurting minorities today.
Researchers at NCRC compared HOLC maps, the most comprehensive documentation of discriminatory lending practices, with modern-day census data to determine how much neighborhood demographics have changed in 80 years.
Marketplace: The lamppost theory
Check out NCRC’s Jesse Van Tol on NPR discussing CRA reform.
Realtor.com: Can Fannie and Freddie provide a jolt to buyers desperate for affordable housing?
Those who don’t have a generous pre-approval letter from a lender in their pocket might find themselves out of luck when they go house hunting. That’s why some of the biggest players in housing finance are making new efforts to open up housing options for low- and middle-income buyers.
Reveal: Chase rarely lends to people of color in DC – and it’s probably legal
Chase’s only DC office isn’t technically a branch, which allows it to dodge CRA regulations.
CNNMoney: 10 years after the financial crisis, have we learned anything?
Memories of those difficult days seem to have faded from the public consciousness, as have the lessons we learned on how we got there in the first place.
How to mark the 10-year anniversary of the Great Recession?
This week, the U.S. Senate marked the anniversary of the Great Recession by pretending it never happened. Instead, it passed a hurtful plan to roll back consumer protections, including bank data reporting requirements put in place to prevent another financial collapse.
Housing Wire: Senate’s passage of Dodd-Frank reform: Needed relief or the beginning of the end?
After the Senate passed its Dodd-Frank reform bill Wednesday night, sending it to the House to be voted on, experts began to voice their opinions of the bill – but no one agrees.
American Banker: Will HMDA data carve-out for small banks make discrimination easier?
Community banks and consumer advocates are clashing over a provision in the Senate banking bill on mortgage data reporting, but there’s been little vetting of what the measure would actually do.
The Washington Post: The Senate is poised to roll back rules meant to root out discrimination by mortgage lenders
Bill would weaken the government’s ability to enforce fair lending requirements, making it harder to root out predatory lenders.
American Banker: Five questions for CFPB nominee to replace Mulvaney
The eventual pick will likely encounter heavy scrutiny from senators and, if confirmed, would take the helm of an agency still defined by turmoil nearly seven years after its creation.
American Banker: Will CRA finally get its makeover?
Regulators are working intently on a proposal to reform how they apply the Community Reinvestment Act after previous attempts to modernize CRA policy drew mixed reviews.
The Washington Post: Trump is systematically backing off consumer protections, to the delight of corporations
Banking, student loans, and more — all have been affected by the regulatory pullback.
