Bank lobbyists’s new CRA lawsuit exposes the dishonesty and greed of a relatively small but well-resourced group of banks.
NCRC Statement On Bank Lobbyist Lawsuit To Block Community Reinvestment Act Rules Read More »
Online Event Archive Recorded December 6, 2023 Breaking down the rule and digging into how it will impact the fight for economic justice and racial equity is an ongoing process and you can expect to see more content and conversations from NCRC as we analyze the rule and gather feedback from our members and allies.
Video: CRA Final Rule Deep Dive Read More »
Online Event Archive Recorded November 3, 2023 Acting Comptroller of the Currency Michael Hsu, Chairman of the FDIC’s Board of Directors Martin Gruenberg and Federal Reserve Vice Chair for Supervision Michael Barr joined NCRC President and CEO Jesse Van Tol to discuss the new Community Reinvestment Act (CRA) rules. Speakers: Michael Hsu, Acting Comptroller
Video: The New Community Reinvestment Act Rule: What’s In It And What Will It Mean 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 »
A summary and detailed review of data points in the CFPB’s final Section 1071 rule.
Review of Section 1071 Data Points Read More »
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 »
How And Why CRA Reform Proposals Must Improve Access To Credit And Capital For Small Businesses November 2022 Download Report Josh Silver, Senior Fellow In late spring of 2022, the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) proposed the most far-reaching changes to
The bill has several particular strengths that would broaden CRA’s reach, increase its rigor and improve its ability to address racial inequities.
NCRC Endorses Rep. Maxine Waters Legislation To Overhaul Community Reinvestment Act Read More »
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
In this session, we addressed the need to go back to the civil rights roots of CDFIs to address the persistent racial wealth gap.
Video: Re-centering CDFI work on its Civil Rights origin Read More »
NCRC Applauds Rigorous Work To Overhaul Community Reinvestment Act In Consultation With Stakeholders
The Community Reinvestment Act is getting its first major overhaul since the 1990s. What should be changed, and how?
Reforming the Community Reinvestment Act to Meet 21st Century Challenges Read More »
(Download) The 123 undersigned organizations are pleased that the federal bank agencies will be proposing an interagency rule implementing the Community Reinvestment Act (CRA) in the near future. CRA has been instrumental in leveraging bank financing for retail lending and community development in low- and moderate-income (LMI) communities since its passage in 1977. A critical
Position Paper on CRA Reform Read More »
Prioritizing racial equity is the most important CRA reform the Fed can tackle, said CEO Horacio Mendez at the New York City-based Association for Neighborhood and Housing Development annual conference in October.
How about a ‘Presumption of “Needs to Improve?’” Read More »
New York is now among a group of states, including Illinois and Massachusetts, that have recognized the need to ensure that all lenders, not just banks, make mortgages available to credit-worthy borrowers in all communities.
NCRC applauds New York expansion of state Community Reinvestment Act to cover non-banks Read More »
