If the Federal Deposit Insurance Corporation (FDIC) approves Rakuten Bank America’s application for an industrial loan company (ILC) charter, it would trigger a cascading series of problems that would add risk to our banking system at a time when all federal agencies should focus on reorienting the country toward an equitable recovery and a just […]
The FDIC Should Prevent Rakuten From Getting A Banking Charter Read More »
(Download) August 24, 2021 Janet Kincaid Deputy Regional Director Federal Deposit Insurance Corporation 25 Jessie Street at Ecker Square Suite 2300 San Francisco, CA 94105 RE: Change in Control, KMD Partners, LLC to acquire Liberty Bank, Inc. Dear Ms. Kincaid: We ask the FDIC not to approve the application from KMD Partners, LLC to acquire
NCRC, CRL, and NCLC File Joint Letter Opposing Acquisition of Liberty Bank Read More »
The National Community Reinvestment Coalition (NCRC) today submitted a comment letter to the Department of Housing and Urban Development (HUD), applauding HUD for its proposed rule setting the standard for bringing disparate impact claims under the Fair Housing Act. In the comment letter, NCRC also urged HUD to offer guidance to the lending and insurance industries on the proper use of predictive technologies in underwriting, particularly with regard to artificial intelligence, machine learning and alternative data.
NCRC Submits Comment Supporting HUD’s Proposed Disparate Impact Rule Read More »
(Download) August 24, 2021 Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0001 Re: Docket No. HUD-2021-0033 FR-6251-P-01 Reinstatement of Discriminatory Effects Standard Dear Assistant Secretary Worden: The National Community Reinvestment Coalition (NCRC) and the undersigned organizations would like to applaud the
NCRC Comment on HUD’s Proposed Disparate Impact Rule Read More »
The NCRC Housing Rehab Fund, LLC (NCRC HRF), marketed as GROWTH by NCRC, is building 46-single-family homes located in the rolling hills of Decatur, GA, near Eastlake and Gresham Park.
GROWTH by NCRC Announces New Single-Family Homes Near Gresham Park Read More »
personal wealth faster. But it was a bust for communities of color. Their share of refinance loans declined.
HMDA data reveals refi boom during pandemic, but not for Black and Hispanic homeowners Read More »
HMDA is a crucial tool for the public and local leaders to monitor the mortgage market and ensure lenders are not redlining in their communities.
2020 HMDA Preliminary Analysis Read More »
Today, the Federal Housing Finance Agency (FHFA) proposed 2022-2024 single-family and multifamily housing goals for the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. In addition to proposing higher annual benchmarks in some categories, the agency proposes new single-family subgoals focused on communities of color and that respond to concerns about displacement in low-income communities.
This is a bold and promising move to align and combine forces at agencies that should work together to end housing and lending discrimination and, importantly, to ensure their policies expand access to affordable homeownership for more borrowers and communities of color.
Last month, the National Community Reinvestment Coalition (NCRC), the South Alabama Fair Housing Center (SAFHC) and We Matter Eight Mile Community Association (We Matter Eight Mile) held a community meeting in the predominantly Black community of Eight Mile, north of Mobile, Alabama.
Years after a toxic spill, an Alabama community loses hope Read More »
CRA Coordinator 202.770.3619 cpetrusz@ncrc.org Catherine Petrusz joined NCRC in 2021 as a CRA Coordinator and works with NCRC members and banks on community reinvestment campaigns. Before joining NCRC, Catherine was a senior member of the legal team and head of compliance for Self-Help, a national community development financial institution. Catherine is excited to combine her
Catherine Petrusz Read More »
The number of non-English-speaking US residents rises each year, contributing to a growing problem of miscommunication and understanding. While language barriers are faced practically everywhere, they are especially prevalent and can have dangerous and even fatal consequences in the healthcare sector. Â
Language Barriers and Healthcare Read More »
joint membership DISCOUNT Two Great Things that Go Great Together National Community Reinvestment Coalition (NCRC) and Pittsburgh Community Reinvestment Group (PCRG) members are eligible for a joint membership discount. Become a member of both organizations and enhance your knowledge and power to create and support sustainable solutions for economic justice in your neighborhood and across
NCRC Joint Membership with PCRG Read More »
As with many other issues which cause financial and health disparities for those who are low-income, the sleep gap is cyclical, and until it is solved it will continue to wreak havoc on the wellbeing of financially disadvantaged minorities and communities.
Sleep is a cyclical inequity for those in poverty Read More »
A systemic approach is needed if decades of systemic racism in housing is to be successfully combated, according to the authors of a new compendium of essays published by the Poverty and Race Research Action Council (PRRAC).
Undoing Structural Racism: The Need for Systemic Change in Housing Policy Read More »
