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CRA reform

Initial NCRC Analysis of OCC Proposal to Establish Thresholds for its New CRA Measures

By / November 30, 2020 / Testimony & Regulatory Comments / 5 minutes of reading

The OCC has proposed yet another data collection effort to develop thresholds for its flawed 2020 Community Reinvestment Act final rule. This is another tacit admission by the OCC that  all along it has lacked the data and factual basis for developing its flawed revisions to CRA examination performance measures. Instead of creating more consistency …

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How to Evaluate Community Development Financing and Services Under CRA

By / December 10, 2019 / Views / 15 minutes of reading

In anticipation of the reform proposals to the Community Reinvestment Act (CRA) expected this week, I am continuing the review of performance measures on CRA exams. The most recent blog looked at performance measures on the lending test. This one will scrutinize performance measures on the investment and service test. 

The Wall Street Journal: Trump team’s rewrite of low-income lending rules falters

By / August 27, 2018 / In the News / 2 minutes of reading

“We are already seeing an unusual level of discord among the regulators,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a fair-lending advocacy group. “I think there is a significant risk that the whole effort will backfire, unless a more careful and consensus-driven approach is taken.”

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With rule changes looming, a coalition of national and local organizations urges bank regulators to modernize the Community Reinvestment Act

By / June 22, 2018 / Press Releases / 2 minutes of reading

A group of 487 civil rights, fair lending, community, and consumer rights organizations today submitted to bank regulators a set of recommendations for strengthening the Community Reinvestment Act (CRA), a law designed to stop discrimination in mortgage and small business lending.

The importance of CRA assessment areas and bank branches

By / March 8, 2022 / Research / 14 minutes of reading

In 1977, Congress enacted the Community Reinvestment Act (CRA) and required federal bank agencies to assess the record of banks in meeting needs for credit and banking services in communities in which banks are chartered. The federal bank agencies responded by creating CRA examinations that assessed banks’ performance in geographical areas containing bank branches and …

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CityLab: How the Fair Housing Act failed black homeowners

By / April 13, 2018 / In the News / 1 minute of reading

Fair-lending enforcement would not happen in earnest until years after the Fair Housing Act, not until the Community Reinvestment Act of 1977 required financial institutions go on record about what they considered their market area. The law intentionally created a conundrum for any institution that was redlining: How could it accept deposits from customers to whom it was unwilling to lend?

American Banker: 5 takeaways from Treasury’s call to action on CRA

By / April 4, 2018 / In the News / 1 minute of reading

The report “addressed what we have for a long time talked about with assessment areas. We think that is a step in the right direction,” said John Taylor, President and CEO of NCRC. But Taylor wanted to make sure that regulators do not lose sight of the importance of branch locations if they expand the assessments to other areas.