NCRC STATEMENT: Lawsuit Alleging KeyBank Misled Investors Should Not Surprise Anyone Who’s Paid Attention To The Bank’s Broken Promises To Communities
“The allegations in this new lawsuit…make me wonder: What else is KeyBank hiding?”
Victory: Figure Bank’s Withdrawn Charter Application Shows The Uninsured National Bank Idea Is Dead
Figure Bank’s decision to give up on seeking a charter for an uninsured national bank signals that fintechs are not going to be able to evade Community Reinvestment Act obligations.
Scholarship Opportunity: Become HUD Certified
Apply for a scholarship to attend NCRC’s in-person HUD Certification training August 14 to August 18, 2023, in Denver. To participate in the in-person training, attendees must apply for a scholarship. A new course from the National Community Reinvestment Coalition invites you to immerse yourself into the process of HUD housing counseling certification. The course,
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Time to Change Bank Merger Reviews: NCRC Calls for New Rulemaking Process
(Download) July 31, 2023 The Honorable Martin Gruenberg Acting Chair of the Board The Federal Deposit Insurance Corporation 550 17th Street, NW Washington, D.C. 20429 The Honorable Michael Hsu Acting Comptroller of the Currency Office of the Comptroller of the Currency 400 7th Street, SW Washington, D.C. 20219 The Honorable Michael Barr Vice Chair for
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NCRC STATEMENT: Figure Bank’s Decision To Abandon Pursuit Of A Federal Banking Charter Is Good News For Communities And Consumers
Figure Bank’s application for an OCC banking charter would have helped fintech companies crack the foundations of the Community Reinvestment Act.
Just Economy Regional: Mountain West Summit
Schedule Speaker Bios SPONSORS Main Menu Schedule Speaker Bios Sponsors JUST ECONOMY REGIONAL MOUNTAIN WEST summit REGISTER September 26-27 • Denver, Colorado JUST ECONOMY REGIONAL MOUNTAIN WEST summit REGISTER September 26-27 • Denver, Colorado Get A Fresh Perspective The summit will bring together housing and community development leaders; faith-based organizations and fair lending advocates; financial
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Give A Warm Welcome To NCRC’s Newest Members
With more than 750 local, state and regional nonprofits, educational and faith-based institutions and government entities making up the National Community Reinvestment Coalitions’ (NCRC) membership, it can be hard for new members to feel instantly connected. Let’s fix that by giving them a warm NCRC welcome! New organizational members in July were: If your organization
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Letter to the FHFA on Tenant Protections for Enterprise-Backed Multifamily Properties
(Download) July 31, 2023 The Honorable Sandra Thompson Federal Housing Finance Agency Office of Multifamily Analytics and Policy 400 7th Street SW, 9th Floor Washington, D.C. 20219 RE: Federal Housing Finance Agency’s Request for Input on Multifamily Tenant Protections Dear Director Thompson: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to submit written comments to the
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New York Times: School District Woes Likened to ‘Environmental Racism’ in Flint, Mich.
New York Times, July 25, 2023, School District Woes Likened to ‘Environmental Racism’ in Flint, Mich. The East Ramapo public schools serve more than 9,200 K-12 students, and all 13 school buildings received a failing rating in a survey of building conditions completed by a New York-based architecture, engineering and construction management firm. The district’s school
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CBS News: From redlining to blacklining: Englewood organization to fix up abandoned home, sell to first-time homebuyers
CBS News, July 25, 2023, From redlining to blacklining: Englewood organization to fix up abandoned home, sell to first-time homebuyers An Englewood organization is teaming up with the Cook County Land Bank to tackle decades of neglect and discriminatory practices that blocked Chicagoans from owning homes. Butler said that a different generation was forced into
CNN: Biden administration taking new actions to boost housing affordability and availability
CNN, July 27, 2023, Biden administration taking new actions to boost housing affordability and availability The Biden administration on Thursday announced further steps to lower housing costs and boost supply, part of the economic agenda that President Joe Biden will highlight as he seeks a second term. The administration is taking a “comprehensive federal approach,” White House domestic
New York Times: Signature Biden Program Won’t Fix Racial Gap in Air Quality, Study Suggests
New York Times, July 20, 2023, Signature Biden Program Won’t Fix Racial Gap in Air Quality, Study Suggests A new analysis has found that the White House’s signature environmental justice program may not shrink racial disparities in who breathes the most polluted air, in part because of efforts to ensure that it could withstand legal challenges.
Axios: Gender pay gap now the narrowest on record
Axios, July 20, 2023, Gender pay gap now the narrowest on record The pay gap between full-time working women and male counterparts is now the narrowest on record. Full-time working women had median weekly earnings of $1,001 last quarter, about 84% of the $1,185 male median. Male employees continue to earn more than their female
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CNBC: Less than 5% of U.S. housing supply is accessible to older, disabled Americans. These changes may help
CNBC, July 21, 2023, Less than 5% of U.S. housing supply is accessible to older, disabled Americans. These changes may help Despite a sizeable elderly and disabled population in the US, there is not enough affordable housing to accommodate those individuals. About 26% of the US population — or about 61 million people — have a disability, Casey said. At the
Reuters: US consumer watchdog warns no more ‘rubber stamp’ for bank mergers
Reuters, July 20, 2023, US consumer watchdog warns no more ‘rubber stamp’ for bank mergers US lenders hoping for easy merger approvals in the wake of the March banking crisis should instead expect tough scrutiny from regulators worried about financial stability, the director of the Consumer Financial Protection Bureau (CFPB) told Reuters. “Banks can expect
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