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The Guardian: Capital One And Discover Merger ‘Dangerous’, Consumer Groups Tell Fed

The Guardian, March 6, 2024, “Capital One And Discover Merger ‘Dangerous’, Consumer Groups Tell Fed“ But Jesse Van Tol, president and CEO of National Community Reinvestment Coalition, another signatory to the letter, said: “Capital One is a notorious bad actor, even at its current size, and should not be allowed to further concentrate market power.”

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Next Generation Of Community Development Leaders: Join NCRC For The Emerging Leaders Reception At The 2024 Just Economy Conference

NCRC’s Emerging Leaders Reception* is a networking event for young professionals from across the country pursuing a career in the community development field. 

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NCRC’s Letter to The Appraisal Subcommittee About Potential Solutions to Appraisal Bias in Response to February 13, 2024 Hearing

(Download) March 4, 2024 Jim Park Executive Director Appraisal Subcommittee 1325 G Street Suite 500, NW Washington, DC 20005 appraisalbiashearing@asc.gov Dear Executive Director Park: The National Community Reinvestment Coalition appreciates the opportunity to submit written comments to the Federal Financial Institutions Examination Council’s Appraisal Subcommittee. We thank The Appraisal Subcommittee of the Federal Financial Institutions Examination

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NCRC Announces 3 Winners in #JustEconomy Spirit Contest

Winners receive a ticket to the 2024 Just Economy Conference in Washington, DC, April 3-4, as well as a two-night stay at the Washington HIlton.  Congratulations to Carmen Velez, a Housing Counselor at Neighborhood Housing Services of South Florida in Miami; Joseph Williams, Managing Director at The Community Foundation for Greater New Haven in Connecticut; and

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NCRC’s Comment on Second Illinois CRA Notice of Proposed Rulemaking

(Download) March 4, 2024 VIA ELECTRONIC FILING Mr. Craig Cellini Rules Coordinator Illinois Department of Financial and Professional Regulation (IDFPR) 329 West Washington, 3rd Floor Springfield, IL 62789 Via Email: Craig.Cellini@Illinois.gov RE: Comment on the Notice of Proposed Rules (NPR) regarding the Banking Community Reinvestment Rule (38 IAC 345), Mortgage Lenders Community Reinvestment Rule (38 IAC

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National Community Reinvestment Coalition’s Community Development Fund A Finalist in Truist Foundation’s 2024 Inspire Awards

The National Community Reinvestment Coalition’s Community Development Fund (NCRC CDF) was chosen as one of seven finalist’s in Truist Foundation’s 2024 Inspire Awards.  The Inspire Awards, founded in 2022 in response to the impact of COVID-19 on small businesses, look to celebrate technological solutions that improve small business sustainability.  NCRC CDF submitted its new technology,

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The Washington Post: Congress Can Pass Reparations Now To Fix This 150-Year-Old Injustice

The Washington Post, February 22, 2024, Congress Can Pass Reparations Now To Fix This 150-Year-Old Injustice Jesse Van Tol is president and CEO of the National Community Reinvestment Coalition, an organization promoting racial economic justice policy. Should the US government pay reparations for slavery? That question dominates the long-running discussion about righting centuries of wrongs committed

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The American Prospect: Capital One–Discover Merger Tests Bank Regulators’ Merger ApproachThe American Prospect:

The American Prospect, February 22, 2024, Capital One–Discover Merger Tests Bank Regulators’ Merger Approach Already, several advocacy groups have come out against the merger proposal, including the National Community Reinvestment Coalition, which has fought Capital One in particular for several years. Sen. Josh Hawley (R-MO) said on Wednesday that the deal should be blocked, joining Sen. Elizabeth Warren,

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NBC: Capital One-Discover Merger Could Put A Bigger Squeeze On Credit Card Users, Experts Warn

NBC, February 20, 2024, Discover Merger Could Put A Bigger Squeeze On Credit Card Users, Experts Warn The National Community Reinvestment Coalition, an advocacy group that looks to funnel private investment into underserved communities, also wasted no time criticizing the merger. “It is very difficult to imagine how federal regulators could allow Capital One to

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American Banker: 5 Key Drivers Of The Capital One-Discover Merger

American Banker, February 20, 2024, 5 Key Drivers Of The Capital One-Discover Merger The deal is subject to regulatory approval and it’s already raised concern among watchdog groups like the National Community Reinvestment Coalition for its potential to combine two of the largest credit card issuers’ portfolios. But Capital One’s plan to flow a significant

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