fbpx

Elderly Oak Park Woman Faces Losing Her Home

The Sacramento Observer, November1, 2021, Elderly Oak Park Woman Faces Losing Her Home 71-year-old grandmother and janitorial worker Wanda Clark’s home in south Oak Park, is in court-appointed receivership because of housing code violations and can be auctioned off, if the proceedings are not halted.  Rashid Sidqe, executive director of the Sacramento-based non-profit organization Lift […]

Elderly Oak Park Woman Faces Losing Her Home Read More »

Inside Biden’s Hardline Approach to End Redlining

The Progressive Magazine, November 3, 2021, Inside Biden’s Hardline Approach to End Redlining Redlining is no longer limited to racist maps used to determine who receives a mortgage, as it was in the 1930s. Today, it also includes Internet service providers targeting ads to consumers using their racial profile and schools filtering content by restricting Internet search results,

Inside Biden’s Hardline Approach to End Redlining Read More »

Better Markets Applauds OCC Proposal to rescind its seriously flawed 2020 cRA Rule

Better Markets, November 1, 2021, Better Markets Applauds OCC Proposal To Rescind Its Seriously Flawed 2020 CRA Rule Phillip Basil, Director of Banking Policy at Better Markets, issued the following statement: “Better Markets has submitted a comment letter in full support of the Office of the Comptroller of the Currency’s (OCC) proposal to rescind its seriously flawed

Better Markets Applauds OCC Proposal to rescind its seriously flawed 2020 cRA Rule Read More »

After People’s merger, M&T Bank focuses on ‘community development’

The Middletown Press, October 28, 2021, After People’s Merger, M&T Bank Focuses on ‘Community Development’ Following its merger with People’s United Financial, M&T Bank has pledged $43 billion in loans, investments, grants and other financial ventures across five years to support low- to moderate-income families. The bank worked with the National Reinvestment Coalition to develop

After People’s merger, M&T Bank focuses on ‘community development’ Read More »

Institutionalizing the racial reckoning in Community Reinvestment Act reforms

Impact Alpha, October 29, 2021, Institutionalizing the Racial Reckoning in Community Reinvestment Act Reforms The National Community Reinvestment Coalition recently partnered with Relman Colfax and mapped out in detail how race-conscious approaches to addressing racial economic inequality can be written into CRA, with accountability front and center. The paper calls for demographic and lending benchmarks focused on

Institutionalizing the racial reckoning in Community Reinvestment Act reforms Read More »

Black homeowners become fastest growing group in real estate

Spectrum News 1, October 27, 2021, Black Homeowners Become Fastest Growing Group in Real Estate Brieauna Williams and her husband are a part of the fastest growing group in the U.S. real estate market â€“ Black homeowners. From the time she purchased her home in Charlotte’s Beatties Ford community in 2019 until now, the number of Black homeowners has jumped

Black homeowners become fastest growing group in real estate Read More »

M&T unveils $43 billion community growth plan

The Buffalo News, October 26, 2021, M&T Unveils $43 Billion Community Growth Plan M&T Bank has unveiled a $43 billion package of loans and investments it will make across the Northeast in connection with its planned acquisition of People’s United Bank. The package, developed in conjunction with the National Community Reinvestment Coalition, includes $22.9 billion

M&T unveils $43 billion community growth plan Read More »

Native American groups capitalize on record donations to confront chronic hardship

The Guardian, October 27, 2021, Native American Groups Capitalize on Record Donations to Confront Chronic Hardship Leaders of non-profit organizations serving Native American communities in the US say they have been inundated with unprecedented financial support over the course of the Covid-19 pandemic. More than 1 million Americans who identify as American Indian or Alaska

Native American groups capitalize on record donations to confront chronic hardship Read More »

Advocates see red flags as First Mid seeks to acquire Jefferson Bank & Trust

St. Louis Public Radio, October 26, 2021, Advocates See Red Flags as First Mid Seeks to Acquire Jefferson Bank & Trust Members of the St. Louis Equal Housing and Community Reinvestment Alliance didn’t mince words when they publicly opposed First Mid Bank & Trust’s plans to purchase Jefferson Bank & Trust. The alliance joined with

Advocates see red flags as First Mid seeks to acquire Jefferson Bank & Trust Read More »

M&T, awaiting Fed’s approval of merger, unveils reinvestment plan

American Banker, October 25, 2021, M&T, Awaiting Fed’s Approval of Merger, Unveils Reinvestment Plan M&T Bank pledged billions of dollars Monday to low- and moderate-income neighborhoods as part of a reinvestment plan tied to its pending acquisition of People’s United Financial. The five-year plan, negotiated with the National Community Reinvestment Coalition, aims to increase the

M&T, awaiting Fed’s approval of merger, unveils reinvestment plan Read More »

Biden’s OCC pick faces a delicate balance among moderates

Banking Dive, October 20, 2021, Biden’s OCC Pick Faces a Delicate Balance Among Moderates The opposition Omarova has faced since Biden announced his intent to nominate her last month, has some questioning why the administration selected such a polarizing candidate, especially after reports emerged this year that Michael Barr, a former Ripple adviser who also served as

Biden’s OCC pick faces a delicate balance among moderates Read More »

NCRC submits comment to the CFPB on Section 1071 Proposed Rule

The National Community Reinvestment Coalition (NCRC) submitted this week a detailed comment to the Consumer Financial Protection Bureau (CFPB) for its proposed rule on reporting and disseminating small business loan data required by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

NCRC submits comment to the CFPB on Section 1071 Proposed Rule Read More »

Scroll to Top