fbpx

It’s time to end GSE conservatorship, but not their affordability goals.

WASHINGTON, D.C. –  Today the House Financial Services Committee Chairman, Jeb Hensarling (R-TX), unveiled a bipartisan bill to reform the government-sponsored housing enterprises (GSEs). In a press release, Hensarling vowed to end the conservatorship of Fannie Mae and Freddie Mac by winding them down completely. Hensarling’s press statement fails to mention any efforts to tackle […]

It’s time to end GSE conservatorship, but not their affordability goals. Read More »

Forecast: Banking rule changes could reduce lending in poor neighborhoods by $105 billion

WASHINGTON, D.C. – A new forecast projects that changes to the Community Reinvestment Act could reduce lending in lower-income communities up to $105 billion dollars in the next five years. The forecast by researchers at the National Community Reinvestment Coalition comes as the Trump administration considers ideas pushed by banks to change enforcement of the

Forecast: Banking rule changes could reduce lending in poor neighborhoods by $105 billion Read More »

NCRC analysis of the advanced notice of proposed rulemaking (ANPR)

On August 28, the Office of the Comptroller of the Currency (OCC) issued an Advance Notice of Proposed Rulemaking (ANPR) concerning the Community Reinvestment Act (CRA). The ANPR does not propose specific changes to the regulation implementing CRA. Instead, the OCC describes concepts or frameworks for changing CRA and poses several questions regarding the effectiveness

NCRC analysis of the advanced notice of proposed rulemaking (ANPR) Read More »

NCRC forecast: Weakening the Community Reinvestment Act would reduce lending by hundreds of billions of dollars

NCRC used data collected under the Community Reinvestment Act (CRA) and the Home Mortgage Disclosure Act (HMDA) for the years 2012 through 2016 to calculate the sum of loan amounts made during this period for every census tract in the United States. Building upon the work of research in academia and the Federal Reserve, we

NCRC forecast: Weakening the Community Reinvestment Act would reduce lending by hundreds of billions of dollars Read More »

American Banker: Cheat sheet: 5 pressure points in CRA reform debate

Comptroller of the Currency Joseph Otting “has said he wants to improve CRA, and if he does so in ways that increase lending and investments to low- and moderate-income communities, we will be the first to applaud it,” Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, said in a statement.

American Banker: Cheat sheet: 5 pressure points in CRA reform debate Read More »

The Hill: Top CFPB official resigns, accuses administration of turning its back on students’ financial futures

“The Bureau’s current leadership folded to political pressure… and failed borrowers who depend on independent oversight to halt bad practices,” writes CFPB top official, Seth Frotman, in his resignation letter.

The Hill: Top CFPB official resigns, accuses administration of turning its back on students’ financial futures Read More »

American Banker: OCC goes it alone on first step toward CRA overhaul

American Banker, August 28, 2018: OCC goes it alone on first step toward CRA overhaul The Office of the Comptroller of the Currency issued more than 30 questions Tuesday asking the public how it can revamp a 40-year-old law that grades banks on their lending to low- and moderate-income communities. The questions are included as

American Banker: OCC goes it alone on first step toward CRA overhaul Read More »

The New York Times: A green light for banks to start ‘redlining’ again

“To be sure, the Community Reinvestment Act, like most regulations, can be improved. We’re eager to work with the regulatory agencies, Congress, banks and the entire financial sector to modernize it,” writes Jesse Van Tol, chief executive at the National Community Reinvestment Coalition.

The New York Times: A green light for banks to start ‘redlining’ again Read More »

Charting the future course of Age-Friendly Banking

Living Longer: We Need Age-Friendly Banking Like most institutions, the American banking system must evolve to meet current needs.  Although we all age, and although people on average are living longer and healthier lives, our society has yet to adjust for this substantial demographic shift.  Age-Friendly Banking is a set of recommendations that NCRC has

Charting the future course of Age-Friendly Banking Read More »

Scroll to Top