In the News

“The timing of this proposal seems to be driven by political considerations, not substantive ones,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition. The OCC’s approach, he said, may boil down CRA to a “dollar volume metric, easily accomplished by making high dollar loans and investments.”

According to a study by the National Community Reinvestment Coalition, about 40% of the District’s lower-income neighborhoods experienced gentrification between 2000 and 2013, giving the city the greatest “intensity of gentrification” of any in the country.

This past June, the U.S. Congress opened a hearing to consider a bill that would create a commission to explore options for reparations for the descendants of enslaved people. Central to this conversation is the question of what is owed to African Americans, and what reparations would look like.

Since the turn of the century, more than 20,000 Black D.C. residents had been displaced, a March study from the National Community Reinvestment Coalition found. The District leads several U.S. cities in this arena because housing values have outpaced the median incomes. In 2009, amid a recession, the District experienced more than 4,000 foreclosures. Several hundred people since then have also filed for bankruptcy.

Done in partnership with the National Community Reinvestment Coalition (NCRC), Bone and his colleagues, which include Jerome Williams of Rutgers University and Glenn Christensen of Brigham Young University, have studied 10 years of data on the financial lending landscape for minorities and women.

A new report by the National Community Reinvestment Coalition said: “Unfortunately, most cases of financial exploitation are unreported by financial institutions.”

John Taylor, president and founder of the National Community Reinvestment Coalition, said at the symposium that he’s heard the argument that regulations stymie business “for forever and a day.”

NCRC President, Founder John Taylor Testifies at CFPB on Section 1071 Of The Dodd-Frank Act Regarding The Impact On Small Business Data

CIT Group has launched a community benefits plan developed in collaboration with the California Reinvestment Coalition and the National Community Reinvestment Coalition.

In a recent study, the National Community Reinvestment Coalition sent testers to inquire about small business loans at 60 bank branches in the Los Angeles area. The testers had nearly identical business profiles, with higher qualifications for the black and Hispanic testers. Yet white testers received more loan information, and friendlier customer service.

Americans are more aware than ever that America has a race problem — and, more specifically, a racial wealth divide problem. As researchers from the Institute for Policy Studies and I found earlier this year, median white families are 41 times wealthier than median Black families in the United States.

The Consumer Financial Protection Bureau (Bureau) announced that it will hold a symposium on Section 1071 of the Dodd-Frank Act on November 6, 2019 at 9:30 a.m. The event will be webcast on the Bureau’s website.

Panel 2 will highlight policy implications and alternatives. Moderated by Kent Colton, The Colton Housing Group, presenters will include Buzz Roberts, National Association of Affordable Housing Lenders, Dafina Stewart, Bank Policy Institute, Gerron Levi, National Community Reinvestment Coalition, Lawrence J. White, New York University, and Patricia McCoy, Boston College.

While expensive development throughout Brooklyn has led to displacement of black and Hispanic residents over the past couple of decades, according to a report earlier this year from the National Community Reinvestment Coalition, Dumbo itself was mostly an industrial neighborhood, where old warehouses and factories were transformed into pricey lofts.

While expensive development throughout Brooklyn has led to displacement of Black and Hispanic residents over the past couple of decades, according to a report earlier this year from the National Community Reinvestment Coalition, Dumbo itself was mostly an industrial neighborhood, where old warehouses and factories were transformed into pricey lofts.