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NCRC Comment on Responsible Development of Digital Assets

(Download) August 8, 2022 Natalia Li Deputy Director Office of Financial Institutions Policy Department of the Treasury 1500 Pennsylvania Ave. NW Washington, DC 20220 RE: Docket 2022-14588 Ensuring Responsible Development of Digital Assets Dear Ms. Li: Thank you for the opportunity to comment on these questions. The National Community Reinvestment Coalition (NCRC) is an association […]

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NCRC To Regulators: Act Now To Establish A Coherent Regulatory Regime For Digital Assets

Regulators should act expeditiously to protect consumers who hold digital assets, the National Community Reinvestment Coalition (NCRC) wrote to the Treasury Department in a comment filed Monday. “We are past the point of speculating that digital assets might end up hurting people someday. Consumers are being hurt now, so it is important that regulators act

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NCRC’s Full Public Comment Letter On Community Reinvestment Act Interagency Rulemaking

(Download) Chief Counsel’s Office Office of the Comptroller of the Currency 400 7th Street SW, Suite 3E-218 Washington, DC 20219 Ann E. Misback Secretary Board of Governors of the Federal Reserve System 20th Street and Constitution Avenue NW Washington, DC 20551 James P. Sheesley Assistant Executive Secretary Federal Deposit Insurance Corporation 550 17th Street NW

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Video: A conversation with key financial regulators on proposed Community Reinvestment Act (CRA) reform

Recorded August 2, 2022 Listen to our conversation with key financial regulators on proposed Community Reinvestment Act (CRA) reform. We dig into the potential areas for reform, and how these impact your communities. For more information and sample comment letters, visit our #TreasureCRA page. Speakers: Eric Belsky, Director, Division of Consumer and Community Affairs, Board of Governors of

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Denver7 360: Homelessness in Denver: An in-depth look into an ongoing crisis

Denver7 360, July 12, 2022, Homelessness in Denver: An in-depth look into an ongoing crisis To illustrate how just much housing plays a part when it comes to homelessness, the MDHI report uses statistics from the National Community Reinvestment Coalition, which show Denver ranked second as the most gentrified city in the U.S. from 2013-2017,

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BBC News: America’s race gap between black and white homeowners

BBC News, July 10, 2022, America’s race gap between black and white homeowners Ms Cox has the means to buy the $310,000 property she wants in Miami without a loan but her application was going nowhere fast. The bank questioned her income, requested additional bank statements and demanded she restart the process due to filing

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Banking Dive: BMO, community groups square off at merger hearing

Banking Dive, July 15, 2022, BMO, community groups square off at merger hearing Jesse Van Tol, CEO of the National Community Reinvestment Coalition (NCRC), warned the merger may amp up concentration in the banking sphere. “The largest banks in the country were built one acquisition at a time through combinations just like this one,” he

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Shelterforce: Proposed CRA Rule Receives Mixed Reviews from Housers

Shelterforce, July 14, 2o22, Proposed CRA Rule Receives Mixed Reviews from Housers The regulatory agencies are accepting public comment through Aug. 5 and can make more changes before the rule is finalized. The National Housing Conference, National Community Reinvestment Coalition (NCRC), and other groups are preparing detailed suggestions for further improvements. Advocates say they fear

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DCist: 12 Virtual And IRL Things To Do Around D.C. This Week

DCist, July 18, 2022, 12 Virtual And IRL Things To Do Around D.C. This Week FILM SCREENING: Head to National Community Reinvestment Coalition’s Just Economy Club for a screening of the documentary, Barry Farm: Community, Land & Justice in Washington, DC. The film tells the story of the historic housing development as well as displacement,

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Fort Smith Times Record: Affording Fort Smith: Rental market pushes low-income families to the brink

Southwest Times Record, June 14, 2022, Affording Fort Smith: Rental market pushes low-income families to the brink Substandard housing, often within the price range of low-income families, can include risks to physical and mental health. A 2019 report from the National Community Reinvestment Coalition examined the risks of substandard housing including exposure to asbestos, lead

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The Columbus Dispatch: Former Olympic hurdler: Racial disparities keeping Columbus’ Black babies from breaking the tape

The Columbus Dispatch, July 8, 2022, Former Olympic hurdler: Racial disparities keeping Columbus’ Black babies from breaking the tape National Community Reinvestment Coalition research also found that Black business owners were more likely to be denied Paycheck Protection Program loans than white-owned firms with similar profiles. So, disparities in every measure of what makes a

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Green Market Report: Dispensaries Like Bank Buildings, But It’s Not the Vaults

Green Market Report, July 6, 2022, Dispensaries Like Bank Buildings, But It’s Not the Vaults Bank buildings are becoming attractive locations for cannabis dispensaries, but fortified vaults aren’t the reason. The banking industry has been closing bank branches by the thousands. According to the National Community Reinvestment Coalition, 9% of all branch locations in the

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Vermont Affordable Housing Coalition: VAHC Attends the Just Economy Conference

Vermont Affordable Housing Coalition, July 1, 2022, VAHC Attends the Just Economy Conference Overall, all of this information about CRA that was conveyed through many wonderful panels and speakers at the Just Economy Conference made it clear that community reinvestment is an incredibly important component for the development of new affordable housing, and it must

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