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Why the Community Reinvestment Act should be expanded broadly across the financial industry

An antidote to discrimination, the Community Reinvestment Act says banks have an affirmative obligation to serve all communities. It’s time to extend that obligation to all of the financial sector, including insurance, securities and non-bank mortgage lenders.

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19 community organizations urge FHFA to release data and analysis for proposed capital rule on the GSEs

This week, 19 national community organizations called on the Federal Housing Finance Agency (FHFA) to provide more clarity and transparency around the impacts of the agency’s proposed capital requirements for Fannie Mae and Freddie Mac (the Enterprises) before the end of a public comment period on August 31st.

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Phil York

Development Manager pyork@ncrc.org 202.383.7716 Phil York is NCRC’s Development Manager. Phil graduated cum laude from Marietta College in Marietta, Ohio, in 2010 with a B.A. in Political Science and a Business Leadership Certificate where he earned distinctions as a member of three national honor societies – history, political science and leadership. After Marietta, he pursued

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NCRC Comment on SoFi’s Charter Application

August 12, 2020 RE: NCRC Comment Letter on SoFi Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) and 41 community organizations co-signing this letter maintain that Social Finance, Inc.’s (SoFi’s) application for a bank charter has not demonstrated a significant commitment to meeting the convenience and needs of the community

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FHFA Re-Proposed Capital Rule for the Enterprises Sign-on Letter

August 10, 2020 The Honorable Mark Calabria Director Federal Housing Finance Agency 400 7th Street, SW Washington, D.C. 20219 Hugh Frater CEO Fannie Mae Midtown Center 1100 15th Street, NW Washington, DC 20005 David Brickman CEO Freddie Mac 1551 Park Run Drive Mclean, VA 22102 Dear Director Calabria, Executives Frater and Brickman: We are writing

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