Banks help other lenders get around state laws to facilitate abusive puppy mills and trap pet owners in predatory loans. Federal regulators can put a stop to it.
Lend Us a Paw: Ask the FDIC to Close the Rent-a-Bank Loophole Read More »
Online Event Archive Recorded Monday, February 14, 2022 The National Community Reinvestment Coalition (NCRC) hosted an online conversation with Acting Comptroller of the Currency Michael Hsu and NCRC President and CEO Jesse Van Tol. They talked about the Community Reinvestment Act (CRA) and the importance of banks meeting the needs of their communities, the racial
Video: A conversation with OCC Acting Comptroller Hsu Read More »
The United States has too often hindered Native American advancement, not advanced it. Through years of intentional governmental policies that removed lands and resources, American Indians have been separated from the wealth and assets that were rightfully theirs.
Racial Wealth Snapshot: Native Americans Read More »
Meet Alvin Johnson, GROWTH by NCRC’s agent partner at its new Oak Hill community in Birmingham, Alabama. Apart from a seven-year career in the US Navy and two years working in quality control for Firestone in Georgia, the Birmingham native has spent his life serving residents of the city and throughout Alabama.
Profiles in Impact: Alvin Johnson, Birmingham, Alabama Read More »
“Any company that wants to provide banking services has to embrace the public responsibilities that come with operating a bank,” NCRC President and CEO Jesse Van Tol said.
The National Community Reinvestment Coalition (NCRC) will host an online conversation with Acting Comptroller of the Currency Michael Hsu and NCRC President and CEO Jesse Van Tol.
NCRC to host a conversation with OCC Acting Comptroller Hsu Read More »
(Download) February 4, 2022 RE: NCRC Comment Letter on Figure Bank’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) and 36 community organizations co-signing this letter maintain that Figure Bank’s application for a charter has not demonstrated a significant commitment to meeting the convenience and needs of the community to
NCRC Comment Letter on Figure Bank’s Charter Application Read More »
The banking industry’s criticism of proposed new rules for small business lending data collection is flawed and deceptive.
Newsday, January 27, 2022, NYCB pledges $28 billion for minority, low-income programs pending Flagstar merger New York Community Bancorp Inc., whose merger with a Michigan thrift remains stalled by regulators, has pledged $28 billion in loans and other programs to benefit minority and low-and-moderate income families and businesses. The five-year Community Pledge Agreement hinges on
San Francisco Chronicle, January 24, 2022, Who did the Bay Area’s COVID housing boom leave behind? As the early waves of the COVID-19 pandemic upended life in the Bay Area, an unexpected housing boom emerged, shattering price records from Wine Country to Oakland to the Silicon Valley suburbs. But a new report by the National Community Reinvestment Coalition suggests
San Francisco Chronicle: Who did the Bay Area’s COVID housing boom leave behind? Read More »
Nonprofit Quarterly, January 26, 2022, Goodbye “Race Neutrality”—The Case for Race-Conscious Economic Policy Making a meaningful dent in the level of structural racial economic inequality in this country requires change throughout the US finance system—in our financial regulations, within our financial institutions, and in the lending and investments done by financial institutions. Many of the
U.S. Department of Housing and Urban Development, January 24, 2022, HUD Awards More Than $51 Million In Grants to Support Housing Counseling Programs, Partnership With Minority Serving Institutions, and Training The U.S. Department of Housing and Urban Development (HUD) on Monday awarded $51.4 million in housing counseling grants to 177 HUD-approved housing counseling agencies and intermediary
Politico, January 24, 2022, ‘Big shift’: Biden moves to rewrite the rules on climate threat The nation’s top financial regulators will soon embark on a controversial, first-of-its-kind mission: forcing banks and other industry players to prepare for potential threats to the U.S. financial system from climate change. Now, Democrats will have the pen to update
Politico: ‘Big shift’: Biden moves to rewrite the rules on climate threat Read More »
American Banker, January 24, 2022, New York Community unveils investment plan tied to Flagstar deal New York Community Bancorp has reached an agreement with a key community advocacy group as it seeks to pave the way for approval of its merger with Flagstar Bancorp. Under the deal with the National Community Reinvestment Coalition, New York
American Banker: New York Community unveils investment plan tied to Flagstar deal Read More »
St. Louis American, January 21, 2022, Protest over Jefferson Bank merger yields new branches Illinois-based First Mid Bank & Trust has agreed to operational improvements, including making small business loan subsidies and establishing branches in underserved areas, in response to criticism that threatened to derail its proposed merger with Jefferson Bank and Trust. Advocacy groups,
St. Louis American: Protest over Jefferson Bank merger yields new branches Read More »
