The Financial Brand, October 5, 2021, End of the Road for Monzo Charter Isn’t End of the Road for U.S. Unit While the U.K. neobank’s plans to charter an American bank appear to be stymied for now, avenues like banking as a service arrangements remain on the table. Monzo’s U.S. waitlist is still accepting new […]
End of the Road for Monzo Charter Isn’t End of the Road for U.S. Unit Read More »
POLITICO, October 5, 2021, Banks Fight a Key Part of Biden’s Agenda by Framing It as Bad for Minorities Banks argue that a recent policy proposal requiring them to disclose activity from accounts above a certain threshold would harm people of color, who are mistrustful of bank’s due to their historical discrimination against them in
Banks fight a key part of Biden’s agenda by framing it as bad for minorities Read More »
Truthout, October 4, 2021, Warren Introduces Bill to Protect Bank Customers, Small Banks from Consolidation Sen. Elizabeth Warren (D-Massachusetts) introduced a bill that would reform the way the government authorizes bank mergers. The proposal is an effort to stop the endless “rubber stamping” of bank consolidation, which Warren argues comes at the expense of customers
Warren Introduces Bill to Protect Bank Customers, Small Banks From Consolidation Read More »
Advisor news, October 1, 2021, Of the 3,819 Bank Merger Applications the Fed Received Between 2006 and 2017, It Did Not Decline a Single One Congressman Jesus “Chuy” Garcia (IL-04), member of the House of Committee on Financial Services (FSC), and United States Senator Elizabeth Warren (D-Mass.), a member of the United States Senate Banking,
Morningstar Magazine, October 1, 2021, As Mortgage Rates Hover Near Historic Lows, Will Americans Be Able to Take Advantage of the Savings? Despite historically low mortgage rates, supply-chain blockages and difficulty in accessing credit have left many unable to take advantage of such circumstances. The National Community Reinvestment Coalition reported that people of color are
Newsweek, October 1, 2021, The Challenge of Defeating Illiteracy In America The effects of redlining – a government policy instituted in the 1930s that saw Black communities prevented from receiving home loans – are still evident today in America’s unequal literacy rates. At the time, inaccessibility to home loans drastically reduced investment into Black communities,
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During yesterday’s confirmation hearing, two questions posed by senators considering the nomination of Dr. Saule Omarova to lead the Office of the Comptroller of the Currency (OCC) demonstrated the widespread interest in updating the Community Reinvestment Act (CRA).
Today, the US House of Representatives passed the $1.7 trillion Build Back Better Act which includes significant investments in social spending and supports programs to fight climate change.
NCRC Commends House for Passage of Biden’s Historic Build Back Better Act Read More »
This week, the National Community Reinvestment Coalition, the American Bankers Association and the Independent Community Bankers Association submitted a joint letter to Congress, calling on the House Financial Services Committee to exercise its oversight function over the National Credit Union Administration (NCUA) and enact new legislation that subjects credit unions to the Community Reinvestment Act (CRA).
NCRC and bank trade groups urge Congress to review credit union rules Read More »
(Download) The Honorable Maxine Waters Chairwoman Committee on Financial ServicesUnited States House of RepresentativesWashington, D.C. 20515 The Honorable Patrick McHenryRanking MemberCommittee on Financial ServicesUnited States House of RepresentativesWashington, D.C. 20515 The Honorable Sherrod Brown Chairman Committee on Banking, Housing, and Urban AffairsUnited States SenateWashington, D.C. 20510 The Honorable Pat ToomeyRanking MemberCommittee on Banking, Housing, and Urban AffairsUnited States SenateWashington,
The CFPB’s request for information this week is a promising first step, but the agency should complete the work to implement the Congressionally-mandated requirements for a HMDA that will shed light on lending activity in all communities and with the robust data points that the public needs to investigate financial institutions for fair lending concerns.
Online Event Archive Recorded November10, 2021 Has your organization been looking for a way it can get involved in creating opportunities for building wealth at both the local and national levels? Do you believe that for your community to prosper, it needs the support of not only regional but national advocacy as well? We hear
NCRC Joint Membership Webinar Read More »
DC Women’s Business Center, Founder Feature: Kim Alfonso is the Co-Founder and CEO of Results One LLC , and is a client of the DC Women’s Business Center, an NCRC program. Kim Greenfield Alfonso is a native Washingtonian and the daughter of medical professionals who graduated from Howard University. She credits her father for instilling in
NCRC’s National Training Academy and Fair Lending/Fair Housing team will provide a two-course training for employees at community development financial institutions (CDFIs) and other financial institutions February 9-10, 2022.
New from NCRC: Comprehensive fair lending and implicit bias training Read More »
The National Community Reinvestment Coalition expresses its strong support for the nomination of Professor Saule Omarova to serve as the next Comptroller of the Currency.
