Fifth Third Bank and National Community Reinvestment Coalition Announce $30 Billion Community Development Plan

Washington, DC – Today, in an agreement reached with the National Community Reinvestment Coalition (NCRC) and its community-based members and allies across the Midwest and Southeast, Fifth Third Bank announced an increase to their landmark community benefits agreement to $30 billion. The commitment covers community development, including lending and investments, between 2016 and 2020. Fifth […]

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Community, Consumer, and Civil Rights Groups Chart Preferred Path for OCC Regulation of Fintechs

Washington, DC – Today, 90 community, consumer, and civil rights groups sent a letter led by the National Community Reinvestment Coalition (NCRC) to the Office of the Comptroller of the Currency (OCC) outlining the preferred path for regulation of financial technology companies (fintechs), such as online marketplace lenders, if they are granted charters by the regulator. The groups propose […]

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Community Organizations to Hold Louisiana Reinvestment Summit in New Orleans

New Orleans, LA – On Wednesday, September 14 the National Community Reinvestment Coalition (NCRC) will host a statewide summit in New Orleans on community reinvestment and neighborhood revitalization in Louisiana. The Louisiana Reinvestment Summit will feature keynote addresses by New Orleans Councilmember Jared C. Brossett and New Orleans Councilmember-at-Large Jason Rogers Williams. The Summit will […]

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Community Reinvestment Act Organizing

On March 18th, 2016 NCRC, it’s members and KeyBank signed a landmark $16.5 billion community benefits agreement at NCRC’s annual conference. This agreement will increase capital and bank services for the under served and is a great example of the victories you can achieve by using the Community Reinvestment Act. NCRC is a leader in […]

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NCRC, NAACP, LULAC Call on Obama Administration to Recapitalize, Continue Reforms of Fannie and Freddie

Washington, DC – Today, several national groups sent a letter to President Obama urging the Administration to rethink its position on the recapitalization of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and calling for their continued reform. The letter is in response to comments last week from Jacob Lew, Secretary of the U.S. Department […]

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NCRC Community Development Fund

The NCRC Community Development Fund (NCRC CDF) is a community development loan fund established as an independent non-profit affiliate of NCRC. NCRC CDF measures the success of its investments by financial return and positive social impact to the communities served. NCRC CDF helps small businesses and emerging entrepreneurs grow and thrive by lending to historically […]

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NCRC Applauds Final Home Mortgage Disclosure Act Data Rule

Washington, DC – Today, in reaction to the Consumer Financial Protection Bureau’s release of a final rule regarding modifications to Regulation C, which will implement changes to the Home Mortgage Disclosure Act (HMDA), NCRC President and CEO John Taylor made the following statement: “This expansion of Home Mortgage Disclosure Act data is a very positive […]

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NCRC Celebrates Anniversary of the Signing of the Community Reinvestment Act

Washington, DC – Today, on the anniversary of the date the Community Reinvestment Act (CRA) was signed into law by President Jimmy Carter in 1977, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “The signing of the Community Reinvestment Act into law was a critically important moment for economic […]

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NCRC Statement on the Release of 2014 Home Mortgage Disclosure Act Data

Washington, DC – Today, in reaction to the release of 2014 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement:“The Home Mortgage Disclosure Act data release for 2014 illustrates a disturbing and highly problematic trend with hard numbers: opportunities for homeownership are still very limited. Particularly in low- […]

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