A California federal district court has denied the OCC’s motion to dismiss the lawsuit filed in June 2020 by the National Community Reinvestment Coalition and California Reinvestment Coalition that asks the court to declare the OCC’s CRA final rule (Rule) unlawful under the Administrative Procedure Act (APA) and set it aside.

NCRC recommended that banks “not wait for consumers to initiate contact, as not all consumers know what options are available.” They also suggested reviewing their records on loan modifications to ensure that their modification policies and practices were not violating fair lending rules.

A judge ruled that a lawsuit seeking to invalidate recent reforms of the Community Reinvestment Act can proceed.

This lack of progress in closing the racial wealth divide should be a wake-up call: Bold action is necessary. That’s why we’re calling on President Biden to announce a White House Office of Racial Economic Equity.

Biden appointees, poised to address unresolved issues in digital-asset regulation, will be cheered on by many in the industry

In an effort to help keep people in their homes and address the health and economic impact of COVID-19, U.S. Senator Jack Reed (D-RI) today reintroduced his $75 billion Homeowner Assistance Fund bill.