While overall banks fell short of non-banks in lending to minority applicants or in LMI neighborhoods, the banks in the top 25 performed about as well as the top non-bank lenders. But even among the top banks, lending to LMI borrowers fell far behind the top non-banks.
2018 HMDA overview: Banks fell further behind, non-banks dominated home lending Read More »
It’s Time For A <h2>Just Economy</h2> We work with community leaders, policymakers and financial institutions to champion fairness and end discrimination in lending, housing and business.</p> <a href=”#” role=”button”> Become a member </a> <h2>Latest</h2> <a href=”http://ncrc.org/category/policy/”>Policy</a> <h3> <a href=”http://ncrc.org/community-groups-call-on-trump-administration-to-make-homeownership-more-accessible-and-affordable-for-lmi-and-minority-families-not-less/” target=”_self” rel=”noopener noreferrer”> Community groups call on Trump administration to make homeownership more accessible and affordable
Home Page FINAL 2019_another blog test Read More »
In the Age of Fintech and Bank Competition,CATO Policy Analyst Diego Zuluaga maintained that the Community Reinvestment Act (CRA) should be repealed and replaced with a system of tradable credits. He started off his argument by asserting that the rationale for CRA is outdated since branching restrictions and other regulations that constrained competition have been
With proposed changes to Community Reinvestment Act rules expected in late summer or early fall, we must remind federal regulatory agencies not to diminish the importance of home mortgage lending in CRA exams.
Don’t diminish the importance of homeownership in CRA reform Read More »
While many economic indicators are better than they have been in years, leading to recently published reports asserting that income inequality is not as bad as we have been told, many people are working multiple jobs just to get by.
What you need to know about income inequality Read More »
Banks often tout the benefits of merging. The result depends on a variety of factors.
Why giant bank mergers like SunTrust and BB&T matter Read More »
(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.
Notice of proposed rulemaking, HMDA reporting thresholds Read More »
Bank branches matter. Countering the overwhelming messaging from many banks and even some regulators, the National Community Reinvestment Coalition (NCRC) has published several reports over the years that detail how much branches still matter for consumers and communities, even in 2019. Just look at the number of branches that banks opened in the last year, and it is clear that they also know the value of a physical outpost in the community they want to serve.
Bank branches are still essential for small business communities Read More »
In 2019, the total student loan debt in America is about $1.5 trillion. According to the New York Consumer Credit Panel, adults under 40 hold 65% of the total student loan debt. Although there has been much said about this figure, the income enhancement offered by a college degree still far outweighs the cost of the debt.
Student loan debt impacts homeownership Read More »
Historically, white people easily got mortgages to live in America’s nicest areas, while aspiring racial/ethnic home buyers from the inner-city were refused loans from banks and federal programs. That is what is called “redlining.”
Salud America: Redlining is illegal, but it’s still hurting Latino families Read More »
