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Advisornews: President Signs Van Hollen, Brown Legislation to Strike Down Trump-Era Rent-A-Bank Rule

The legislation was supported by a wide array of stakeholder and consumer protection groups including: a bipartisan group of 25 State Attorneys Generals, Americans for Financial Reform, the Conference of State Bank Supervisors, the Faith for Just Lending Coalition, Center for Responsible Lending, National Consumer Law Center (on behalf of its low-income clients), Consumer Federation of America, the Military Officers Association of America, the Leadership Conference on Civil and Human Rights, the National Association of Consumer Advocates, the National Association of Federally-Insured Credit Unions, Appleseed Foundation, Consumer Action, National Community Reinvestment Coalition, UnidosUS, U.S. PIRG, and the Woodstock Institute.

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Wtop: DC small businesses emerge from COVID with help from nonprofits & Wells Fargo

Just recently, Wells Fargo announced that it selected City First Enterprises, ECDC Enterprise Development Group, Latino Economic Development Center, National Community Reinvestment Coalition, Washington Area Community Investment Fund to join Local Initiatives Support Corporation D.C. to receive grants from the fund.

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Financial Regulation News: House approves repeal of Trump-era True Lender Rule

The repeal is supported by various stakeholders and consumer protection groups, including a bipartisan group of 25 State Attorneys Generals, the Conference of State Bank Supervisors, the Faith for Just Lending Coalition, Center for Responsible Lending, National Consumer Law Center, Consumer Federation of America, the Military Officers Association of America, the Leadership Conference on Civil and Human Rights, the National Association of Consumer Advocates, the National Association of Federally-Insured Credit Unions, Appleseed Foundation, Consumer Action, National Community Reinvestment Coalition, UnidosUS, U.S. PIRG, and the Woodstock Institute.

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WFAA: ‘That’s a smoking gun’: Analysis shows bank branches in Southern Dallas take deposits, but make few loans

“That’s a smoking gun,” said John Taylor, a fair lending advocate and head of the National Community Reinvestment Coalition. The NCRC has assisted WFAA in analyzing government loan data throughout the Banking Below 30 investigation. 

WFAA: ‘That’s a smoking gun’: Analysis shows bank branches in Southern Dallas take deposits, but make few loans Read More »

Sherrod Brown: HOUSE PASSES VAN HOLLEN, BROWN LEGISLATION TO STRIKE DOWN TRUMP-ERA “RENT-A-BANK” RULE, SENDING IT TO THE PRESIDENT’S DESK

The legislation is supported by a wide array of stakeholder and consumer protection groups including: a bipartisan group of 25 State Attorneys Generals, the Conference of State Bank Supervisors, the Faith for Just Lending Coalition, Center for Responsible Lending, National Consumer Law Center (on behalf of its low-income clients), Consumer Federation of America, the Military Officers Association of America, the Leadership Conference on Civil and Human Rights, the National Association of Consumer Advocates, the National Association of Federally-Insured Credit Unions, Appleseed Foundation, Consumer Action, National Community Reinvestment Coalition, UnidosUS, U.S. PIRG, and the Woodstock Institute.

Sherrod Brown: HOUSE PASSES VAN HOLLEN, BROWN LEGISLATION TO STRIKE DOWN TRUMP-ERA “RENT-A-BANK” RULE, SENDING IT TO THE PRESIDENT’S DESK Read More »

Impact Alpha: Turning pledges into policies to invest in Black Americans and multi-racial prosperity – Impact Alpha

A report from the National Community Reinvestment Coalition suggests the increase in Black entrepreneurship has not been matched by an increase in Black revenue, and that Black-led businesses are concentrated in low-income areas with less access to capital

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Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning

(Download) July 1, 2021  Office of the Comptroller of the Currency: Docket ID OCC-2020-0049Board of Governors of the Federal Reserve System: Docket No. OP- 1743Federal Deposit Insurance Corporation: RIN 3064-ZA24Consumer Financial Protection Bureau: Docket No. CFPB-2021-0004National Credit Union Administration: Docket No. NCUA-2021-0023 RE: Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence,

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