BB&T Corporation (NYSE: BBT), SunTrust Banks, Inc. (NYSE:STI) and the National Community Reinvestment Coalition (NCRC) today announced the creation of a three-year, $60 billion community benefits plan for the region served by Truist Financial Corporation, the combined company to be created through the proposed merger of the two banks. The plan, based upon discussions between […]
(Download) June 12, 2019 Docket No. CFPB-2019-0021 or RIN 3170-AA76 Notice of Proposed Rulemaking, HMDA Reporting Thresholds To Whom it May Concern: The undersigned organizations (158 national and local organizations) oppose the proposal of the Consumer Financial Protection Bureau (CFPB) to exempt thousands of lending institutions from reporting the Home Mortgage Disclosure Act (HMDA) data.
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REINVEST OHIO Opening doors to economic opportunity across the state REGISTER Monday, September 23 • Columbus Get A Fresh Perspective The summit will bring together community leaders, financial institutions, health care leaders, advocacy groups and public officials to discover ways to reinvest in communities across Ohio. We will discuss strategies to combat disinvestment and displacement,
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The 2017 Tax Cuts and Jobs Act established a new community development program designating funding to areas called Opportunity Zones. Investors have their eyes on these profitable areas and forming new capital funds. Now, community leaders are asking if a reduction for taxpayers with high capital gains will actually benefit lower-income communities? Learn about the
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November 19, 2018 Reforming the Community Reinvestment Act Regulatory Framework Docket ID OCC-2018-0008 To Whom it May Concern: The undersigned groups maintain that the Community Reinvestment Act (CRA) has been one of the most valuable laws for increasing access to capital and credit for low- and moderate-income (LMI) communities. Any CRA reform effort
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November 8, 2018 Reforming the Community Reinvestment Act Regulatory Framework Docket ID OCC-2018-0008 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that the Community Reinvestment Act (CRA or Act) has been one of the most valuable laws for increasing access to capital and credit for low- and moderate-income (LMI) communities. NCRC
[pdf-embedder url=”https://ncrc.org/wp-content/uploads/2018/07/Final-CRA-sign-on-letter-8.pdf”] (Download PDF) June 13, 2018 Dear Chairman McWilliams, Comptroller Otting, and Chairman Powell: Since 1977, the Community Reinvestment Act (CRA) has driven inclusion and equity in the financial markets. The act compels banks to serve the credit needs of their communities. It became an indispensable tool for historically marginalized communities excluded from the
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The Just Economy Conference is one of the nation’s largest gatherings of community nonprofits, policymakers, government officials, small businesses, banks and academia, all coming together to create a just economy. The conference features: A wide range of sessions on community organizing and advocacy, housing, access to capital and credit, workforce and community development, fair
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The Honorable Steven T. Mnuchin Secretary of the Treasury Department of the Treasury 1500 Pennsylvania Ave NW Washington DC, 20220 Click here for a summary of the letter. Dear Secretary Mnuchin, In February of 2017, President Trump issued an executive order mandating that federal agencies regulate the financial industry consistent with core principles including
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November 22, 2017 Docket No. CFPB-2017-0025 Monica Jackson Office of the Executive Secretary Consumer Financial Protection Bureau 1700 G. St. NW Washington, DC 20552 Dear Ms. Jackson: The undersigned organizations appreciate that the Consumer Financial Protection Bureau (CFPB) carefully applied the balancing test in determining which of the new Home Mortgage Disclosure Act (HMDA)
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