A recent federal law enforcement settlement with Citadel Federal Credit Union illustrates why the Community Reinvestment Act’s (CRA) omission of credit unions from its rules is a dangerous mistake, a leading community development and financial regulation advocate said Tuesday. “It no longer makes sense to let credit unions out of the common-sense obligations that CRA […]
A new state-level Community Reinvestment Act from the Illinois legislature offers a roadmap for economic justice.
A legal analysis of the new CRA lawsuit from bank lobbyists.
The Banking Lobby’s Cynical And Hollow Challenge To The Community Reinvestment Act Rule Read More »
The Community Reinvestment Act requires public input to be effective. How much do the new CRA rules change public engagement?
Analysis: New CRA Rule’s Improvements To Public Engagement Systems Do Not Go Far Enough Read More »
The Community Reinvestment Act has been plagued by ratings inflation for years. Has the new CRA overhaul fixed it?
CRA Overhaul: Did The Agencies Do Enough To Cure Ratings Inflation? Read More »
A user’s guide to the new Community Reinvestment Act final rule: What’s new, what’s the same, and how will it affect you?
NCRC’s Guide To The 2023 Community Reinvestment Act Final Rule Read More »
In response to the release Tuesday of final interagency regulations overhauling implementation of the Community Reinvestment Act (CRA) for the first time in 28 years, National Community Reinvestment Coalition (NCRC) President and CEO Jesse Van Tol released the following statement: “This update is both long overdue and essential. Marginalized communities still suffer from a variety of
NCRC Statement On Final CRA Rules Release Read More »
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.
Figure Bank’s application for an OCC banking charter would have helped fintech companies crack the foundations of the Community Reinvestment Act.
A summary and detailed review of data points in the CFPB’s final Section 1071 rule.
Review of Section 1071 Data Points Read More »
“When a bank breaks promises, the law says there are consequences – and it’s our government’s job to enforce that accountability,” NCRC’s Jesse Van Tol said.
Groups Urge CRA Downgrade For Keybank Over Broken Merger Promises, Apparent Redlining Read More »
Community groups are asking Community Reinvestment Act regulators to accurately assess KeyBank’s poor performance and broken promises.
Initial Analysis Of Final Section 1071 Small Business Lending Rule April 2023 Download Report Kevin Hill, Senior Policy Advisor KEY TAKEAWAYS: Discrimination in small business lending will be easier to identify and root out. This is an important new rule that applies to the full spectrum of small business lending, removing fog from a key area
Initial Analysis Of Final Section 1071 Small Business Lending Rule Read More »
From the Beltline to MARTA expansion to the 1996 Olympics, Atlanta’s community development planning history provides stark warnings for regulators.
The Racial History Of Planning In Atlanta Sounds Alarm Bells For CRA Reform Efforts Read More »
The FDIC came to the same conclusion as consumer advocates including NCRC: TAB Bank committed unfair or deceptive acts or practices that harmed customers.
TAB Bank, Facilitator Of Predatory Puppy Loans, Gets Rating Downgraded By FDIC Read More »
