American Banker, February 4, 2022, Message to FDIC’s new leaders: Crack down on ‘rent a bank’ loans Consumers advocates are asking new leaders at the Federal Deposit Insurance Corp. to cut off partnerships between banks and fintechs that result in borrowers paying annual interest rates as high as 225%. Fifteen consumer groups called for the […]

Invest Health, February 2022, The Legacy of Redlining on Black Maternal Health Our guest blog this month, originally published by the National Community Reinvestment Coalition in December 2021, focuses on the lasting effects of redlining on maternal health outcomes. With multiple layers of disinvestment in both housing and health care leading to the inequity, Black

American Banker, February 3, 2022, Old National reaches deal with advocates as merger nears finish line Old National and the National Community Reinvestment Coalition said Thursday that the five-year, $8.3 billion plan includes close to $5 billion in community lending and affordable housing commitments, plus $3.3 billion in community development initiatives and philanthropic programs. As

Realtor Magazine, February 3, 2022, Program Seeks to Add 3 Million Black Homeowners Black homeownership has plunged to lows not seen in decades, reaching 42% in 2019, as low as in 1970, according to the National Community Reinvestment Coalition. A new initiative hopes to change that by creating 3 million new Black homeowners by 2030,

Globe Newswire, February 3, 2022, Old National Announces $8.3B Community Benefits Agreement to Strengthen Small Businesses and Minority and Underserved Communities The plan was developed in collaboration with the National Community Reinvestment Coalition (NCRC) and its members and is subject to the closing of the First Midwest merger. “We appreciate the leadership and commitment of