The government’s flawed COVID relief program underscored the need for equity in small business financing, and for stronger enforcement of fair lending laws.
PPP data shows loans flowed mostly to businesses in wealthy White communities Read More »
The government’s flawed COVID relief program underscored the need for equity in small business financing, and for stronger enforcement of fair lending laws.
NCRC Paycheck Protection Plan Preliminary Analysis Read More »
The board’s question invites a dialogue about whether and where the Federal Reserve’s framework might affirmatively consider race more explicitly. While we are not yet committing to support various aspects of the Federal Reserve’s proposed framework for CRA examinations, this paper is designed to explore where and whether regulators could insert race in a framework like this from a statutory and constitutional perspective.
CRA & Race: The Federal Reserve’s Proposal on the Community Reinvestment Act (CRA) Read More »
(Download) December 7th, 2020 Mr. Louis Gittleman Director for District Licensing Western District Office 1225 17th Street, Suite 300 Denver, CO 80202 RE: Figure Bank, National Association: Charter application Dear Director Gittleman: Please accept this comment from the National Community Reinvestment Coalition, the National Consumer Law Center® and the Center for Responsible Lending opposing the
As the pandemic continues, the challenges small businesses and entrepreneurs face are heightened. Adjusting to a new normal proves to be most challenging for minority-owned businesses.
What do women entrepreneurs need in today’s business climate? Read More »
Compliance and Regulatory Counsel nsim@ncrc.org 202-792-1282 Natasha Sim is Compliance and Regulatory Counsel at the National Community Reinvestment Coalition (NCRC). Since joining NCRC in late 2020, Natasha has led the implementation of a multi-million-dollar lending program and managed the development of an affordable housing initiative aiming to produce 20 million homes by 2030. Natasha has
Special Assistant to the COO and Community Liaison sotero@ncrc.org 202-792-1283 Soraya Otero will be supporting NCRC’s COO Gregory Dyson as a Special Assistant, and support our Just Economy club as Community Liaison. Soraya brings outstanding organizational competencies, capacity building knowledge and practice, and great interpersonal skills backed by a robust career in operations and finance. She is focused towards institutional strategic goals.
(Download) December 1, 2020 Comment Intake Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20552 Re: Request for Information on the Equal Credit Opportunity Act; Docket No. CFPB-2020-0026 Dear Director Kraninger: Thank you for the opportunity to comment on the Consumer Financial Protection Bureau’s (CFPB) Request For Information (RFI) on the Equal Credit
NCRC Comment on the CFPBs RFI on the Equal Credit Opportunity Act Read More »
(Download) Kathy Kraninger Director Bureau of Consumer Financial Protection 1700 G Street, NW Washington, DC 20552 Dear Director Kraninger: The undersigned civil rights, community, and consumer organizations appreciate the opportunity to comment on the Consumer Financial Protection Bureau’s (CFPB) Request for Information (RFI) on the Equal Credit Opportunity Act (ECOA), which “seeks comments and information
Group sign-on letter on the CFPBs RFI on the Equal Credit Opportunity Act Read More »
Yesterday, the Office of the Comptroller of the Currency (OCC) released a proposed rule for establishing the Community Reinvestment Act (CRA) evaluation measure thresholds, retail lending distribution test thresholds, and community development minimums under the general performance standards set forth in the agency’s 2020 final rule.
NCRC statement on OCC’s Proposed CRA Thresholds Read More »
The OCC has proposed yet another data collection effort to develop thresholds for its flawed 2020 Community Reinvestment Act final rule. This is another tacit admission by the OCC that all along it has lacked the data and factual basis for developing its flawed revisions to CRA examination performance measures. Instead of creating more consistency
Initial NCRC Analysis of OCC Proposal to Establish Thresholds for its New CRA Measures Read More »
Instructions for use: This is an interactive report. Please use the tiles at the top to page forward. Questions: Jason Richardson Director, Research & Evaluation jrichardson@ncrc.org 202-464-2722
Houston – Fair Lending Report 2020 Read More »
Instructions for use: This is an interactive report. Please use the tiles at the top to page forward. Questions: Jason Richardson Director, Research & Evaluation jrichardson@ncrc.org 202-464-2722
Newark NJ – Fair Lending Report 2020 Read More »
Instructions for use: This is an interactive report. Please use the tiles at the top to page forward. Â Â Â Questions: Jason Richardson Director, Research & Evaluationjrichardson@ncrc.org 202-464-2722
Philadelphia – Fair Lending Report 2020 Read More »
