Search Results for: jason richardson

By 2021, big changes for interest rates could spell trouble for borrowers

By / / Views / 5 minutes of reading

By 2021, the most popular and widely-used interest-rate benchmark, the London Interbank Offered Rate (LIBOR), will no longer exist as a benchmark for the $2 trillion in outstanding loans in the United States. In its place will most likely be the Secured Overnight Financing Rate (SOFR), which is broadly considered to be more robust and realistic than LIBOR. Nearly every borrower in the country that is paying off debt that is set based on the LIBOR will be affected by this change.

By 2021, big changes for interest rates could spell trouble for borrowers Read More »

Home lending to LMI borrowers and communities by banks compared to non-banks

By / / Research / 6 minutes of reading

Introduction As the federal bank agencies consider Community Reinvestment Act (CRA) reform, data on the patterns of lending to low- and moderate-income (LMI) borrowers and neighborhoods will help inform needed changes. For example, if non-banks not covered by CRA were found to be making significantly higher percentages of loans to LMI borrowers or neighborhoods than

Home lending to LMI borrowers and communities by banks compared to non-banks Read More »

Testimony of Jesse Van Tol, CEO, National Community Reinvestment Coalition, April 9, 2019 – Consumer Protection and Financial Institutions Subcommittee

By / / Testimony & Regulatory Comments / 58 minutes of reading

The Community Reinvestment Act: Assessing the Law’s Impact on Discrimination and Redlining   Introduction: Public input and accountability are the keys to CRA’s success I thank Chairman Meeks and the members of this subcommittee for providing me the honor of testifying this morning regarding the Community Reinvestment Act’s (CRA) impact in combating discrimination and redlining.

Testimony of Jesse Van Tol, CEO, National Community Reinvestment Coalition, April 9, 2019 – Consumer Protection and Financial Institutions Subcommittee Read More »

The CFPB’s consumer complaint database tells a story about our economy we need to hear

By / / Research / 4 minutes of reading

There is a little known public database of complaints about financial institutions that is garnering a lot of criticism from some banks and regulators. Despite this criticism, highly valuable information can be gleaned from these complaints that can help banks and other financial institutions better serve their customers. In 2010, when the Dodd-Frank Wall Street

The CFPB’s consumer complaint database tells a story about our economy we need to hear Read More »

The Washington Informer: EDITORIAL: ‘Cultural Displacement’ Means D.C.’s Poorer Blacks are Packing Up with Nowhere to Go

By / / In the News / 2 minutes of reading

As for longtime native Washingtonians, particularly low-income African Americans, they’re feeling the crunch to such an extent that over the past two decades, they’ve had little or no choice but to abandon the communities that they, their parents, even their grandparents, once fondly called “home” — desperately searching for alternative cities with housing that they can afford. In fact, according to a new report conducted by the National Community Reinvestment Coalition (NCRC), “Shifting Neighborhoods: Gentrification and Cultural Displacement in American Cities,” the District now has the highest percentage of gentrified neighborhoods in the nation.

The Washington Informer: EDITORIAL: ‘Cultural Displacement’ Means D.C.’s Poorer Blacks are Packing Up with Nowhere to Go Read More »

Shifting neighborhoods: Gentrification and cultural displacement in American cities

By / / Events / 1 minute of reading

We will discuss where we see gentrification and racial displacement taking place, factors that are used to identify gentrification and how it both revitalizes and threatens communities. Unfortunately, gentrification and displacement often go hand and hand. But it doesn’t have to. Communities can revive and spark an influx of new residents, while preserving affordable housing

Shifting neighborhoods: Gentrification and cultural displacement in American cities Read More »

NBC Washington: The District has experienced the most intense gentrification in the country, study says

By / / In the News / 2 minutes of reading

The National Community Reinvestment Coalition’s study of that 13-year period found that the District had the highest percentage of gentrifying neighborhoods out of all the cities analyzed.Washington also experienced the highest “intensity” of gentrification in the country, according to the researchers who examined changing housing markets, population demographics, and levels in income and education in major U.S. cities.

NBC Washington: The District has experienced the most intense gentrification in the country, study says Read More »

National Mortgage Professional: Study details problem in urban gentrification

By / / In the News / 2 minutes of reading

The gentrification study released by the National Community Reinvestment Coalition (NCRC) shed light on the ongoing downside of gentrification, forced displacement. Washington D.C, had the highest rates of forced displacement — more than 20,000 black residents — due to gentrification from the years 2000-2013.

National Mortgage Professional: Study details problem in urban gentrification Read More »

Scroll to Top

Start typing and press enter to search