Three banks in three different regions collectively promised nearly $20 billion in home mortgages, small business loans, community development financing, and charitable contributions, as part of negotiations that included hundreds of community-based organizations in each region that were completed over the past month.
Next City: Three U.S. Banks Make $20 Billion Community Reinvestment Promise Read More »
A record number of veterans and service members are buying homes with loans financed by the Department of Veterans Affairs. About 80 percent of VA Loan borrowers do not put down money when buying a house. But less than 1 percent of VA loans were in foreclosure as of June, according to the Mortgage Bankers
Low interest rate fuels rise of home loans to military veterans Read More »
The $22 billion-asset company, which has been an aggressive acquirer in recent months, said in a press release last week that it had worked with the National Community Reinvestment Coalition on the five-year plan.
American Banker: Acquisitive Iberiabank in La. creates $6.7B community investment plan Read More »
IberiaBank pledges $6.72 billion over the next five years to provide loans and services for low- and moderate-income communities.
Kirsch’s and Squires’ book could best be described as a documentary-style political economy of the financial crisis and subsequent policy responses. They describe the genesis of the idea for the Consumer Financial Protection Bureau
Meltdown: The Financial Crisis, Consumer Protection, and the Road Forward Read More »
IBERIABANK announced today a community benefits plan with the National Community Reinvestment Coalition (NCRC) and its community-based members and partners across the southeastern region of the United States.
“IBERIABANK has been actively engaged in meaningful conversations with our members to ensure that they are well positioned to meet the needs of underserved communities. This community benefits commitment is the gold standard and raises the bar for all banks on what constitutes a forward thinking community commitment,” said NCRC President and CEO John Taylor. “We very much appreciate the strong collaboration demonstrated by IBERIABANK’s executive leadership.”
Iberiabank and NCRC celebrate $6.72 billion commitment to community development Read More »
NCRC examined the varying levels of CD finance by banks with different CD test ratings, concluding that there is a significantly larger level of CD finance by banks with “Outstanding” ratings than banks with ratings of “Satisfactory” and “Needs to Improve.”
Washington, DC – A new study released today by the National Community Reinvestment Coalition (NCRC) found that banking industry proposed changes to the Community Reinvestment Act (CRA) would allow midsize banks to circumvent federal requirements to lend and invest in low and moderate income neighborhoods.These proposed changes would endanger billions in affordable housing and community development investment.
Billions at risk in proposals to weaken the Community Reinvestment Act Read More »
The bank’s “Inclusive Communities” plan will expand lending to low- and moderate-income borrowers and communities over five years, triple its philanthropy and add 10 new branches in New York City, Philadelphia and Boston.
Santander and NCRC announce $11 billion “Inclusive Communities” plan Read More »
Boston Globe, October 30th, 2017: Santander Bank executives on Monday unveil an $11 billion, five-year pledge for community investments across the company’s eight-state footprint
Boston Globe: Santander and NCRC announce $11 billion agreement Read More »
Chief Financial Officer jlum@ncrc.org 202-464-2725 James’ work over the past 20 years has bridged the nonprofit and for-profit worlds and focused on building sustainable and impactful organizations. At NCRC, James is responsible for financial planning across core programs and company-owned buildings and coordinating across related entities including the CDFI and our 501(c4). Prior to NCRC, James
Chief Communications & Marketing Officer anachison@ncrc.org 202-524-4880 Andrew Nachison joined NCRC in 2017. He’s a media, tech, arts, civic and social venture founder, funder, advisor, executive and creative catalyst. He’s also a writer, journalist and futurist. After a decade of work as a journalist and pioneer in online news, he co-founded iFOCOS, the Institute for the
