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NCRC Director of Policy and Government Affairs Testifies in Front of House Financial Services Subcommittee on Consumer Protection and Financial Institutions About Winners and Losers in Proposed CRA Changes

By Gerron Levi / January 14, 2020 / Testimony & Regulatory Comments, Views / 20 minutes of reading

Good afternoon Chairman Meeks, Ranking Member Luetkemeyer and the Members of the House Subcommittee on Consumer Protection and Financial Institutions. Thank you for the opportunity to testify and for convening this important hearing on the Community Reinvestment Act (CRA) to discuss the winners and the losers in the proposed rulemaking formally published last week by […]

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Comment Period for AFFH Notice of Proposed Rulemaking Now Open

By NCRC / January 14, 2020 / Views / 1 minute of reading

The U.S. Department of Housing and Urban Development (HUD) published today and opened up for public comments a plan to radically change the AFFH rule.

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How to Evaluate Community Development Financing and Services Under CRA

By Josh Silver / December 10, 2019 / Views / 15 minutes of reading

In anticipation of the reform proposals to the Community Reinvestment Act (CRA) expected this week, I am continuing the review of performance measures on CRA exams. The most recent blog looked at performance measures on the lending test. This one will scrutinize performance measures on the investment and service test.

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Do CRA Exams Measure Retail Lending Well?

By Josh Silver / December 4, 2019 / Views / 12 minutes of reading

As we get closer to proposed changes to the Community Reinvestment Act (CRA), a sober assessment of the effectiveness of various parts of CRA exams will help us react to the proposed changes.

Do CRA Exams Measure Retail Lending Well? Read More »

New Penn Institute CRA Research Compendium Suggests Incremental Change is Best Path for CRA Reform

By Josh Silver / November 19, 2019 / Views / 11 minutes of reading

Boldly called “The Future of the Community Reinvestment Act,” the publication has a series of articles examining retail lending, community development financing and branching of banks.

New Penn Institute CRA Research Compendium Suggests Incremental Change is Best Path for CRA Reform Read More »

Moving Communities Out of Racialized Asset Poverty

By Sabrina Terry / November 12, 2019 / Views / 3 minutes of reading

While there has been a growing widespread discussion concerning economic inequality at the national level, there has been less focus on best practices to address it on the local level.

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Recent Research Shed Light on Minority Discouragement in Bank Small Business Lending

By Ali Lederer / November 7, 2019 / Views / 4 minutes of reading

There have been multiple research reports recently that focused on the importance of lending for small businesses and provided a catalyst for further discussion.

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Local Resolutions: One Tool in Supporting Appropriate CRA Reform

By Joesph Reed / November 4, 2019 / Views / 3 minutes of reading

Though the debate regarding the future of the CRA is with the federal regulators, we should not, and cannot, forget the role of our local communities and local governments, as they have the most to lose from potential changes to this vital law.

Local Resolutions: One Tool in Supporting Appropriate CRA Reform Read More »

How the Racial Wealth Divide is Weakening the American Middle Class

By Dedrick Asante-Muhammad / September 30, 2019 / Views / 3 minutes of reading

Stronger data, better monitoring and bold policy proposals are needed to address the national crisis of racial wealth inequality. 2020 must be the year the nation starts to turn back the ongoing racial wealth divide.

How the Racial Wealth Divide is Weakening the American Middle Class Read More »

Small business lending and the racial wealth divide

By Dedrick Asante-Muhammad / September 10, 2019 / Views / 3 minutes of reading

There is growing recognition that wealth is a central indicator of the economic well-being and stability of households and that such low levels of wealth among blacks and Hispanics are a significant indicator of continuing deep racial economic inequality.

Small business lending and the racial wealth divide Read More »

‘There you go again’ – CATO Institute joins chorus of falsehoods levied at the Community Reinvestment Act

By Josh Silver / August 28, 2019 / Views / 26 minutes of reading

In the Age of Fintech and Bank Competition,CATO Policy Analyst Diego Zuluaga maintained that the Community Reinvestment Act (CRA) should be repealed and replaced with a system of tradable credits. He started off his argument by asserting that the rationale for CRA is outdated since branching restrictions and other regulations that constrained competition have been

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Don’t diminish the importance of homeownership in CRA reform

By Josh Silver / August 6, 2019 / Views / 9 minutes of reading

With proposed changes to Community Reinvestment Act rules expected in late summer or early fall, we must remind federal regulatory agencies not to diminish the importance of home mortgage lending in CRA exams.

Don’t diminish the importance of homeownership in CRA reform Read More »

What you need to know about income inequality

By Jason Richardson / August 2, 2019 / Views / 3 minutes of reading

While many economic indicators are better than they have been in years, leading to recently published reports asserting that income inequality is not as bad as we have been told, many people are working multiple jobs just to get by.

What you need to know about income inequality Read More »

An evaluation of assessment areas and community development financing: Implications for CRA reform

By Josh Silver / July 30, 2019 / Views, Research / 41 minutes of reading

(Download) INTRODUCTION The Community Reinvestment Act (CRA) has leveraged trillions of dollars of loans, investments and services for low- and moderate-income (LMI) borrowers and communities. Since 1996, banks have made more than $1 trillion in community development loans, which finance affordable housing, economic development projects and community facilities for LMI communities. Likewise, banks have issued

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Trump’s plan to throw 55,000 children out of their homes

By Rose Ramirez / July 22, 2019 / Views / 3 minutes of reading

The government’s own analysis shows that more than 55,000 children — who are U.S. citizens or otherwise eligible to receive housing benefits — could face eviction under the proposed rule. In 1968 — just a week after Martin Luther King, Jr.’s assassination — Congress passed the Fair Housing Act, or FHA. The law secured everyone’s

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