NCRC comment letter on AmeriNat charter application

September 12, 2019 RE: NCRC Comment Letter on AmeriNat Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that AmeriNat’s application for an Industrial Loan Charter (ILC) has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required per the Federal […]

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Letter to regulators on CRA regulatory actions

September 9, 2019 The Honorable Jerome H. Powell Chairman, Federal Reserve Board of Governors 20th Street and Constitution Avenue NW Washington, DC 20551 The Honorable Joseph Otting Comptroller of the Currency 400 7th St SW Washington, DC 20219 The Honorable Jelena McWilliams Chairman, Federal Deposit Insurance Corporation 550 17th Street, NW Washington, DC 20429 Dear […]

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Comment on HUD’s Opportunity Zone policy

(Download) June 17, 2019 Public Finance and Regulatory Analysis Division Office of Policy Development and Research Department of Housing and Urban Development 451 7th Street SW, Room 8216 Washington, DC 20410-0500 Via Federal eRulemaking Portal Re: Docket No. FR–6155–N–01 Request for Information Review of HUD Policy in Opportunity Zones  Dear Secretary Carson: On behalf of […]

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The purpose and design of the Community Reinvestment Act (CRA): An examination of the 1977 hearings and passage of the CRA

A version of this article appeared first in Conference of Consumer Finance Law, Quarterly Report, Vol. 72, No. 4 Introduction In 2019, the Community Reinvestment Act (CRA) will be forty-two years old.[1]  Congress enacted the CRA in 1977 as a community development initiative that sought to leverage the financial resources of private sector institutions.  Senator […]

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Notice of proposed rulemaking, HMDA reporting thresholds

(Download) June 12, 2019 Docket No. CFPB-2019-0021 or RIN 3170-AA76 Notice of Proposed Rulemaking, HMDA Reporting Thresholds To Whom it May Concern: The undersigned organizations (158 national and local organizations) oppose the proposal of the Consumer Financial Protection Bureau (CFPB) to exempt thousands of lending institutions from reporting the Home Mortgage Disclosure Act (HMDA) data. […]

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NCRC comment letter on Robinhood’s charter application

May 29 2019 RE: NCRC Comment Letter on Robinhood’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that Robinhood’s charter application has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required by the Community Reinvestment Act (CRA) and the […]

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NCRC CEO testifies on BB&T/SunTrust merger

Testimony of Jesse Van Tol, CEO, National Community Reinvestment Coalition, April 25, 2019, in Charlotte, North Carolina, at a hearing on the proposed BB&T/SunTrust bank merger with the Federal Reserve Board and Federal Deposit Insurance Corporation. Thank you for the opportunity to testify here today. My name is Jesse Van Tol, and I am the […]

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A review of the state of barriers to minority homeownership

(Download) Statement of the National Community Reinvestment Coalition U.S. House Committee on Financial Services Subcommittee on Housing, Community Development and Insurance May 8, 2019 Chairman Clay, Ranking member Duffy and members of the Subcommittee on Housing, Community Development and Insurance: The National Community Reinvestment Coalition (NCRC) commends you for holding this review on the state of and barriers […]

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