Redlining, restitution and redefining the narrative

A recap of our #ReinvestPHILLY Summit  The #ReinvestPHILLY summit took place October 9, 2018, in downtown Philadelphia. More than 300 local leaders joined Pennsylvania Attorney General Josh Shapiro, State Senator Vincent Hughes, and members of the Philadelphia City Council to discuss political action to combat modern-day redlining, evictions and other forms of racial discrimination. Here […]

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President Carter

Long live CRA!

Today marks the 41st anniversary of the Community Reinvestment Act (CRA), a law that was supposed to end discrimination that was once common in America’s housing and banking markets. Although not as widely known as other iconic releases of 1977 including the very first Star Wars movie, Fleetwood Mac’s album Rumours, or the Apple II […]

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Warren housing bill presents a clear choice on CRA

As concerned citizens and practitioners in the affordable housing and community development fields, we now have a clear choice regarding the direction of the Community Reinvestment Act (CRA). Senator Elizabeth Warren and the Office of the Comptroller of the Currency (OCC) (under the leadership of Comptroller Joseph Otting) have each offered contrasting visions for the […]

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10 bad ideas for CRA (regulatory) reform

10 bad ideas & bank-centric proposals for CRA regulatory reform An OCC-only approach to CRA reform On August 28, 2018, the OCC released an advance notice of proposed rulemaking (ANPR) that asks 31 questions on how to reform CRA regulations.  The public comment period closes November 19th.  NCRC research has found that a significant weakening […]

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Senator Warren proposes new vision for affordable housing and economic opportunity

WASHINGTON, D.C. – Today, Senator Elizabeth Warren announced a new bill tackling discriminatory lending, Community Reinvestment Act modernization, affordable homeownership and relief for families still recovering from the Great Recession.  Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “Senator Warren is proposing a bold vision for addressing financial […]

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Forecast: Banking rule changes could reduce lending in poor neighborhoods by $105 billion

WASHINGTON, D.C. – A new forecast projects that changes to the Community Reinvestment Act could reduce lending in lower-income communities up to $105 billion dollars in the next five years. The forecast by researchers at the National Community Reinvestment Coalition comes as the Trump administration considers ideas pushed by banks to change enforcement of the […]

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NCRC analysis of the advanced notice of proposed rulemaking (ANPR)

On August 28, the Office of the Comptroller of the Currency (OCC) issued an Advance Notice of Proposed Rulemaking (ANPR) concerning the Community Reinvestment Act (CRA). The ANPR does not propose specific changes to the regulation implementing CRA. Instead, the OCC describes concepts or frameworks for changing CRA and poses several questions regarding the effectiveness […]

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