Meet Gregory Dyson, NCRC’s new Chief Operating Officer! As COO, he will be instrumental in developing NCRC’s strategic priorities and all of the organization’s day-to-day operations.
NCRC Hires Gregory Dyson as COO Read More »
Online Event Archive Recorded Wednesday, January 26 2022 During the pandemic, relief efforts led to historically low interest rates. NCRC just published a new report on mortgage lending data from 2020, and who reaped the benefits of historically low rates. Hear from the authors of the report, and dig into where mortgage capital flowed as
Video: Home Mortgage Lending During the Pandemic Webinar Read More »
OtherWords, January 12, 2022, Dr. King Remained Hopeful. So Can We. 2022 has begun with melancholy, as our country sees the pandemic reach new heights. Meanwhile our crises of climate, democracy, and inequality seem more entrenched than ever. All this uncertainty is taking a toll, but uncertain times are far from unprecedented. Dr. Martin Luther
OtherWords: Dr. King Remained Hopeful. So Can We. Read More »
Go Local Pro Business, January 2, 2022, Black Homeownership in RI Is As Low As It Was in the 1960s Homeownership for Blacks was at the same level as before the federal Civic Rights Act passed, redlining was commonplace and housing rights laws were non-existent. “In fact, in the past 15 years, Black homeownership has
Go Local Pro Business: Black Homeownership in RI Is As Low As It Was in the 1960s Read More »
New York Community Bancorp, Inc. (NYCB) and the National Community Reinvestment Coalition (NCRC) announced today the company’s commitment to provide $28 billion in loans, investments and other financial support to communities and people of color, low- and moderate-income (LMI) families and communities, and small businesses.
(Download) January 21, 2022 RE: Request for Public Comment, HMDA Assessment, Docket No. CFPB-2021-0018 To Whom It May Concern: The 54 undersigned organizations extol the value of the new and enhanced Home Mortgage Disclosure Act (HMDA) variables added by the 2015 final rule issued by the Consumer Financial Protection Bureau (CFPB). The Dodd-Frank Wall Street
Group letter on CFPB’s RFI on HMDA Read More »
The National Community Reinvestment Coalition (NCRC) today submitted a letter to the Federal Deposit Insurance Corporation (FDIC) to express support from its members to introduce a Request for Comments to review the agency’s bank merger approval framework, and called on the Office of the Comptroller of the Currency and the Federal Reserve Board to do the same.
(Download) January 20, 2022 Robert E. Feldman Executive Secretary Federal Deposit Insurance Corporation 1776 “F” Street, NW Washington, DC 20006 Dear Members of the Board of Directors of the Federal Deposit Insurance Corporation: The National Community Reinvestment Coalition (NCRC) and its undersigned member organizations express their support for the Federal Deposit Insurance Corporation’s (FDIC) action to
While 2020 was disastrous for millions of Americans impacted by the coronavirus, the mortgage industry was in overdrive as interest rates dropped to levels not seen since the housing crash of 2009. In a new report, the National Community Reinvestment Coalition (NCRC) found that the explosion of refinance lending reinforced historical patterns of disinvestment in
Since the inception of the mid-20th century Civil Rights era and the implementation of racially blind laws such as the Community Reinvestment Act, we can point to little progress in bridging wealth and homeownership disparities.
NCRC 2020 Home Mortgage Report: Examining Shifts During COVID Read More »
President Biden today nominated former Treasury Department Deputy Secretary Sarah Bloom Raskin to serve as the Vice Chair for Supervision of the Federal Reserve Board and Lisa Cook and Philip Jefferson as Governors.
As has been true throughout my life, the words of Dr. King, though written over 50 years ago, speak clearly to the times I am living in.
Dr. King’s Testament of Hope Amidst Melancholy and Discouragement in 2022 Read More »
The Just Economy Conference is the national event for community, policy, government, business and foundation leaders working toward a just economy that not only promises but delivers to all Americans opportunities to build wealth and live well.
Call for Submissions: Speak at the 2022 Just Economy Conference Read More »
An NCRC evaluation of small business loan applications from a sample of seven banks in Washington, DC revealed that some lenders discriminate against applicants who have been charged at any time in their lives with a criminal offense.
The disparate impact of using “Ever Charged” on a commercial loan application Read More »
NerdWallet, January 8, 2021, Racial Funding Gap Shows Black Business Owners Are Shut Out From Accessing Capital Data breakdown on the racial funding gap: BIPOC business owners are at a disadvantage when it comes to financing. A study by the National Community Reinvestment Coalition found that bank representatives at 32 bank branches in Washington, D.C.
