Page 124 – NCRC

NCRC Comment on Proposed Section 1071 Small Business Lending Data Collection

By NCRC / January 5, 2022 / Testimony & Regulatory Comments / 24 minutes of reading

(Download full comment) Introduction January 4, 2022 RE: Docket No. CFPB-2021-0015, Section 1071 Small Business Lending Data Collection To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates this opportunity to comment on the proposed rule for reporting and disseminating small business loan data required by Section 1071 of the Dodd Frank Wall […]

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NCRC Comment on NY State amendment to CRA concerning small business lending data

By NCRC / December 22, 2021 / Testimony & Regulatory Comments / 7 minutes of reading

(Download) December 22, 2021 Comment regarding proposed amendment to 3 NYCRR 76 compliance with Community Reinvestment Act Requirements To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), an association of 600 community organizations dedicated to increasing access to credit and capital for traditionally underserved communities, commends New York State for amending its banking

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Community Reinvestment Groups Commend Repeal of Disastrous Trump-era CRA Rule Changes

By NCRC / December 21, 2021 / Press Releases / 4 minutes of reading

Today, in response to the OCC’s rescission of the rule, the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC) agreed to dismiss their lawsuit challenging the rule.

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NCRC Calls on CFPB to Prioritize Needs of Consumers and Small Businesses Above Big Tech

By NCRC / December 21, 2021 / Testimony & Regulatory Comments / 37 minutes of reading

(Download) December 21, 2021 Rohit Chopra Director Consumer Financial Protection Bureau 1700 “G” St. NW Washington, DC 20552 Docket No. CFPB-2021-0017: Notice and Request for Comment Regarding the CFPB’s Inquiry into Big Tech Payment Platforms Dear Director Chopra: The National Community Reinvestment Coalition (NCRC) is an association of more than 600 community-based organizations that work

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NCRC’s comment on the Illinois Advanced Notice of Proposed Rulemaking concerning the Illinois Community Reinvestment Act.

By NCRC / December 20, 2021 / Testimony & Regulatory Comments / 20 minutes of reading

(Download) December 20, 2021 Illinois Department of Financial and Professional Regulation Attn: Craig Cellini 320 West Washington, 3rd Floor Springfield, IL 62786 Comments on Advanced Notice of Proposed Rulemaking (ANPR) regarding Illinois Community Reinvestment Act (Public Act 101-657, codified at 205 ILCS 735) Dear Mr. Cellini: The National Community Reinvestment Coalition (NCRC), an association of

NCRC’s comment on the Illinois Advanced Notice of Proposed Rulemaking concerning the Illinois Community Reinvestment Act. Read More »

Experience ShopHER! FOX 5 DC visits ShopHER at Union Station

By NCRC / December 16, 2021 / Inside NCRC / 1 minute of reading

www.shopherwbc.org Fox 5 DC visited ShopHER this week to showcase the local, women-owned small businesses and their fantastic products from DC and around the world. Visit ShopHER on the second floor of Union Station to purchase unique Holiday Gifts!

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NCRC’s Field Empowerment Fund Expands Funding for COVID-19 Economic Recovery

By Ibijoke Akinbowale / December 16, 2021 / Field Notes / 4 minutes of reading

NCRC is thrilled to see the impact grantees are making with the support of the Field Empowerment Fund. The program’s final report and second round of funding will be available in Spring 2022.

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NCRC CRA and Race Webinar

By NCRC / December 16, 2021 / Events, NCRC Videos / 1 minute of reading

Online Event Archive Recorded December 15, 2021 As you know, the Community Reinvestment Act (CRA) was enacted to ensure much-needed investment and capital makes it to low- and moderate-income (LMI) communities. But NCRC’s research has shown that the majority of communities that were redlined in the 20th Century are still lower-income and also predominantly communities

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NCRC Supports Nomination of Sandra Thompson as FHFA Director

By NCRC / December 14, 2021 / Press Releases / 1 minute of reading

As acting-director of the FHFA, Thompson has already taken important steps to renew commitment to the affordable housing mission of the GSEs, including a new goal-focused exclusively on communities of color.

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NCRC Welcomes OCC Final Rule to Rescind its Disastrous 2020 CRA Rule

By NCRC / December 14, 2021 / Press Releases / 2 minutes of reading

Getting the disastrous 2020 CRA rule fully rescinded was a hard-fought battle that involved comments from hundreds of our members across the nation and this is a huge victory for them and their communities. We’re relieved and welcome this action today from the OCC.

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NCRC welcomes FDIC review of bank merger guidelines

By NCRC / December 9, 2021 / Press Releases / 3 minutes of reading

Some banks and other lenders have gotten away for too long with racial discrimination and bias in lending.

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Mystery Shopper Tests Show Continuing Racial Discrimination In Small Business Lending At Banks, Made Worse By A Dash Of Socioeconomic Bias

By Anneliese Lederer / December 8, 2021 / Views / 4 minutes of reading

To better understand the interconnectedness between race and SES within the small business lending arena, the National Community Reinvestment Coalition (NCRC), in conjunction with our academic partners – Dr. Sterling Bone (Utah State University), Dr. Maura Scott (Florida State University) and Dr. Glenn Chrisitinsan (Brigham Young University) – conducted matched-pair testing at financial institutions in the Washington, DC, metropolitan area between November and December 2020.

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Does Perceived Socio-Economic Status Impact Access to Credit in the Small Business Arena?

By NCRC / December 8, 2021 / Research / 27 minutes of reading

From November 1, 2020, to December 14, 2020, NCRC conducted multi-layered matched-
pair tests of 22 different financial institutions. The purpose of this study was to examine the
role of socio-economic status (SES), specifically perceived education, on the interactions
between race and treatment in the small business pre-application arena.

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HUD takes important step to clearly and unequivocally support Special Purpose Credit Programs

By Brad Blower / December 8, 2021 / Views / 2 minutes of reading

The Department of Housing and Urban Development (HUD) issued yesterday a statement and legal opinion supporting the use of Special Purpose Credit Programs (SPCPs).

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A DC founder follows her father’s floral footsteps

By Monti Taylor / December 7, 2021 / Field Notes / 6 minutes of reading

DC Women Business Center Resource Coordinator Monti Taylor interviewed Alexes Haggins about her experience before deciding to launch her new business and the resources that supported her in the process.

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