How The Government’s New “FedNow” Immediate-Payment System Will Benefit Consumers And Banks Alike
The launch of FedNow marks a great accomplishment — But to realize the full potential of the faster payments system, more needs to be done.
access to banking services
ABANDON SHIP: How Banks Closed Their Doors As US Economy Reopened
In 2022, banks continued closing branches at a breakneck pace – further impairing recovery in neglected communities.
ABANDON SHIP: How Banks Closed Their Doors As US Economy Reopened Read More »
The Stark Banking Challenges Facing Rural Communities
A new report from the Consumer Financial Protection Bureau details the current state of rural banking and the economic challenges facing those regions.
The Stark Banking Challenges Facing Rural Communities Read More »
Coalition of Community Groups Challenges Valley National Bank Merger Based on Lending Concerns
Washington, DC – Today, a coalition of community groups led by the National Community Reinvestment Coalition (NCRC) came together to oppose the proposed merger between New Jersey-based Valley National Bank and Florida-based 1st United Bank. In a letter to the Office of the Comptroller of the Currency (OCC), which is evaluating the proposed merger, the
NCRC Calls for Regulators to Block Bank of Hawaii’s Branch Closures in American Samoa
Washington, DC – Today, the National Community Reinvestment Coalition called upon bank regulators to block Bank of Hawaii’s planned exit from American Samoa. Bank of Hawaii plans to close their two branches in American Samoa after over forty years of business, leaving no American banks and only one deposit-taking institution in the territory. Yesterday, in
NCRC Calls for Regulators to Block Bank of Hawaii’s Branch Closures in American Samoa Read More »