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Testimony & Regulatory Comments

Testimony and comments from NCRC about pending legislation and regulatory issues.

NCRC Comment on Proposed Section 1071 Small Business Lending Data Collection

(Download full comment) Introduction January 4, 2022 RE: Docket No. CFPB-2021-0015, Section 1071 Small Business Lending Data Collection To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates this opportunity to comment on the proposed rule for reporting and disseminating small business loan data required by Section 1071 of the Dodd Frank Wall …

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NCRC Comment on NY State amendment to CRA concerning small business lending data

(Download) December 22, 2021 Comment regarding proposed amendment to 3 NYCRR 76 compliance with Community Reinvestment Act Requirements To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), an association of 600 community organizations dedicated to increasing access to credit and capital for traditionally underserved communities, commends New York State for amending its banking …

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NCRC Calls on CFPB to Prioritize Needs of Consumers and Small Businesses Above Big Tech

(Download) December 21, 2021 Rohit Chopra Director Consumer Financial Protection Bureau 1700 “G” St. NW Washington, DC 20552 Docket No. CFPB-2021-0017: Notice and Request for Comment Regarding the CFPB’s Inquiry into Big Tech Payment Platforms Dear Director Chopra: The National Community Reinvestment Coalition (NCRC) is an association of more than 600 community-based organizations that work …

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NCRC’s comment on the Illinois Advanced Notice of Proposed Rulemaking concerning the Illinois Community Reinvestment Act.

(Download) December 20, 2021 Illinois Department of Financial and Professional Regulation Attn: Craig Cellini 320 West Washington, 3rd Floor Springfield, IL 62786 Comments on Advanced Notice of Proposed Rulemaking (ANPR) regarding Illinois Community Reinvestment Act (Public Act 101-657, codified at 205 ILCS 735) Dear Mr. Cellini: The National Community Reinvestment Coalition (NCRC), an association of …

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Joint Banking and Consumer Trades Letter to HFSC and SBC: Credit Union OversightJoint Banking and Consumer Trades Letter to HFSC and SBC: Credit Union Oversight

(Download) The Honorable Maxine Waters Chairwoman Committee on Financial ServicesUnited States House of RepresentativesWashington, D.C. 20515 The Honorable Patrick McHenryRanking MemberCommittee on Financial ServicesUnited States House of RepresentativesWashington, D.C. 20515 The Honorable Sherrod Brown Chairman Committee on Banking, Housing, and Urban AffairsUnited States SenateWashington, D.C. 20510 The Honorable Pat ToomeyRanking MemberCommittee on Banking, Housing, and Urban AffairsUnited States SenateWashington, …

Joint Banking and Consumer Trades Letter to HFSC and SBC: Credit Union OversightJoint Banking and Consumer Trades Letter to HFSC and SBC: Credit Union Oversight Read More »

NCRC Comment Letter on OCC Proposal to Rescind its Harmful CRA Final 2020 Rule

(Download) October 29, 2021 Comment on OCC Proposal to Rescind its 2020 rule regarding the Community Reinvestment Act Regulations, Docket ID OCC-2021-0014 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) and the 108 undersigned organizations strongly support the proposed rescission of the harmful 2020 Office of the Comptroller of the Currency’s (OCC’s) …

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NCRC, Four Other National Advocacy Groups, Author Letter to Treasury Department over Bank Charters for Stablecoin Issuers

October 28th, 2021 The Honorable Janet Yellen Secretary U.S. Department of the Treasury 1500 Pennsylvania Avenue, NW Washington, DC 20220 Re: Opposition to bank charter for stablecoin issuers Dear Secretary Yellen, Americans for Financial Reform, The Center for Responsible Lending, National Community Reinvestment Coalition, National Consumer Law Center (on behalf of its low-income clients), and …

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NCRC comment letter on FHFA affordable housing goals

(Download) October 25, 2021 Clinton Jones, General Counsel Attention: Comments/RIN 2590-AB12, Affordable Housing Goals Federal Housing Finance Agency Dear Mr. Jones: The National Community Reinvestment Coalition (NCRC), an association of more than 600 community-based organizations seeking to increase access to credit and capital for traditionally underserved communities, appreciates the opportunity to comment on the proposed …

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NCRC comment on FHFA equitable housing finance plans

(Download) October 25, 2021 Clinton Jones, General Counsel Attention: Comments/RFI, Equitable Housing Finance Plans Federal Housing Finance Agency Dear Mr. Jones: The National Community Reinvestment Coalition (NCRC), an association of more than 600 community-based organizations seeking to increase access to credit and capital for traditionally underserved communities, appreciates the opportunity to comment on the preparation …

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Joint Comment on Application of First Mid Bancshares to acquire Delta Bancshares Company and Jefferson Bank and Trust

October 18, 2021 Colette A. FriedAssistant Vice PresidentFederal Reserve Bank of Chicago230 South LaSalle StreetChicago, IL 60604 Via comments.applications@chi.frb.org RE: Comment on Application of First Mid Bancshares to acquire Delta Bancshares Company and Jefferson Bank and Trust Dear Ms. Fried: The St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA) and the National Community Reinvestment …

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NCRC Submits Comment on Interagency Proposal for the Regulation of Partnerships between Banks and Fintechs

October 18, 2021 Ann E. Misback Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue, NW Washington, DC 20551. Federal Reserve Docket OP-1752 James P. Sheesley, Assistant Executive Secretary Attention: Comments-RIN 3064-ZA26, Legal ESS Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429. Chief Counsel’s Office Attention: Comment …

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Social Determinants of Health Caucus – Request for Information Letter

(Download) Attn SDOH Caucus Co-Chairs: Congresswoman Cheri Bustos Congressman G.K. Butterfield Congressman Tom Cole Congressman Markwayne Mullin RE: Social Determinants of Health Caucus – Request for Information Dear Members of Congress: Please accept this response to the Request for Information from the Congressional Caucus on Social Determinants of Health, on behalf of the National Community …

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NCRC, CRL, and NCLC File Joint Letter Opposing Acquisition of Liberty Bank

(Download) August 24, 2021 Janet Kincaid Deputy Regional Director Federal Deposit Insurance Corporation 25 Jessie Street at Ecker Square Suite 2300 San Francisco, CA 94105 RE: Change in Control, KMD Partners, LLC to acquire Liberty Bank, Inc. Dear Ms. Kincaid: We ask the FDIC not to approve the application from KMD Partners, LLC to acquire …

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NCRC Comment on HUD’s Proposed Disparate Impact Rule

(Download) August 24, 2021 Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0001 Re: Docket No. HUD-2021-0033 FR-6251-P-01 Reinstatement of Discriminatory Effects Standard Dear Assistant Secretary Worden: The National Community Reinvestment Coalition (NCRC) and the undersigned organizations would like to applaud the …

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Letter of support for Dave Uejio as Assistant Secretary for Fair Housing and Equal Opportunity, Department of Housing and Urban Development

August 4, 2021 The Honorable Sherrod Brown Chair, U.S. Senate Committee on Banking, Housing, and Urban Affairs 534 Dirksen Senate Office Building Washington, DC 20510 The Honorable Pat Toomey Ranking Member, U.S. Senate Committee on Banking, Housing, and Urban Affairs 534 Dirksen Senate Office Building Washington, DC 20510 Re: Letter of support for Dave Uejio as Assistant …

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