Analysis and points of view on research, trends, issues, ideas and opportunities.
A cardinal rule of any rulemaking is that a federal agency must use data and analysis to assess the impact of its proposed changes to a regulation. Based on NCRC’s analysis so far, it appears that the OCC and FDIC have flagrantly violated this fundamental rule.
Could Lack of Impact Assessment in OCC and FDIC Proposal Break CRA? Read More »
Entrepreneurship is a capital-intensive experience which makes it quite challenging for those with little access to capital to pursue.
I fell for America’s white lie, entrepreneurship Read More »
(Download) In December 2019, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking (NPRM) that would considerably weaken the regulations implementing the Community Reinvestment Act (CRA), a law designed to combat redlining by requiring banks to affirmatively and continually meet community needs
Here are some of the most absurd examples of what would qualify for Community Reinvestment Act (CRA) credit under rule changes proposed by regulators.
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
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.
Comment Period for AFFH Notice of Proposed Rulemaking Now Open Read More »
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.
How to Evaluate Community Development Financing and Services Under CRA Read More »
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 »
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.
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.
Moving Communities Out of Racialized Asset Poverty Read More »
There have been multiple research reports recently that focused on the importance of lending for small businesses and provided a catalyst for further discussion.
Recent Research Shed Light on Minority Discouragement in Bank Small Business Lending Read More »
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 »
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 »
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 »
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
