A study of more than 100 cities nationwide shows neighborhoods subjected to discriminatory housing policies nearly a century ago are hotter today than other areas.
NPR: Racist Housing Practices From The 1930s Linked To Hotter Neighborhoods Today Read More »
Despite bringing in $200,000 in profits, year after year, Freddie Lee James still can’t get a business loan. Black owners’ applications are rejected at twice the rate of whites owners’.
St. Louis Public Radio: Black Business Owners Face An Uphill Battle Securing Bank Loans Read More »
Here are some of the most absurd examples of what would qualify for Community Reinvestment Act (CRA) credit under rule changes proposed by regulators.
The 1619 Project, a multiplatform effort by journalist Nikole Hannah-Jones and The New York Times, highlights the fundamental role slavery played in the United States’ development by commemorating the year in which the first enslaved Africans were brought to the new Virginia colony.
Zinn Education Project: Teaching with New York Times 1619 Project Read More »
The Trump Administration’s banking regulators released a plan in December to upend the Community Reinvestment Act (CRA). Although released under the guise of being a modernization of the monumental civil rights legislation, Comptroller of the Currency Joseph Otting’s plan is a complete rewrite of the law.
NCRC’s Policy Director Testifies Before House on Disastrous CRA Reform Proposal Read More »
Good afternoon Chairman Meeks, Ranking Member Luetkemeyer and the Members of the House Subcommittee on Consumer Protection and Financial Institutions. Thank you for the opportunity to testify and for convening this important hearing on the Community Reinvestment Act (CRA) to discuss the winners and the losers in the proposed rulemaking formally published last week by
The U.S. Department of Housing and Urban Development (HUD) published today and opened up for public comments a plan to radically change the AFFH rule.
Comment Period for AFFH Notice of Proposed Rulemaking Now Open Read More »
Today, the National Community Reinvestment Coalition (NCRC) submitted a Freedom of Information Act (FOIA) request to the Office of the Comptroller of the Currency (OCC) for records related to the agency’s plan to revise Community Reinvestment Act (CRA) rules.
NCRC Submits FOIA Request for Missing Data in CRA Proposed Rule Read More »
The Community Reinvestment Act needs a renovation. The Trump administration instead is proposing a partial demolition.
The New York Times: Changing Rules to Help Bankers and Hurt Poor Neighborhoods Read More »
(Download) Introduction The Community Reinvestment Act (CRA) is an income-based law. Accordingly, the regulations and exams focus on evaluating bank lending, investing and services to low- and moderate-income (LMI) borrowers and tracts. However, one of the major motivations prompting the passage of CRA in 1977 was reversing redlining and disinvestment from minority as well as
Adding Underserved Census Tracts as Criterion on CRA exams Read More »
In an attempt to make compliance easier for banks, regulators are proposing to incentivize the very thing the Community Reinvestment Act was written to fight.
Shelterforce: Redlining Would Be Relegalized by CRA Reform Proposal Read More »
Uriah Cachora recently moved into a newly created position at Enterprise Bank and Trust. Her title is Assistant Vice President for Community Development and her mission is community outreach and education.
Brainard’s ideas could shift the conversation around the Community Reinvestment Act, said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition.
When the proposed changes were first announced, the National Community Reinvestment Coalition estimated they could result in the loss of up to $16 billion in small business lending to low- and moderate-income areas over five years.
“As written, this proposal is bad enough to warrant overturning in whatever way possible,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition. “If the Democrats win big in 2020,” such a move “will be relatively high on the regulatory agenda if the proposed changes are finalized.”
American Banker: Regulators’ powerful incentive to fast-track CRA reform Read More »
