CRA Archives

CRA regulations, examination procedures should include explicit focus on race

By NCRC / September 16, 2021 September 16, 2021 / Press Releases

Not only is it feasible, it is also constitutional to add a robust consideration of race to the requirements of the Community Reinvestment Act (CRA), a new report argues. The report, from the National Community Reinvestment Coalition (NCRC) and the civil rights law firm Relman Colfax PLLC, calls on CRA regulators at the Office of …

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Massachusetts CRA for Mortgage Companies: A Good Starting Point for Federal Policy

By NCRC / July 27, 2021 July 29, 2021 / Research

The Massachusetts experience indicates that applying CRA to mortgage companies nationwide is feasible and likely would increase their retail lending and community development activity in lower-income communities.

NCRC statement on American Housing and Economic Mobility Act of 2021 (S. 1368, H.R. 2768)

By NCRC / April 23, 2021 April 27, 2021 / Press Releases

Strengthening and expanding the reach of the Community Reinvestment Act and duties to serve throughout the financial sector has to be at the forefront of policy questions about racial equity, the racial wealth gap and expanding financial inclusion for lower income communities.

Principles for CRA Reform: Strengthen Communities, Exams and Accountability

By Josh Silver / March 25, 2021 March 25, 2021 / Views

The following are principles of reform; if the agencies contradict or contravene these principles, we will oppose any additional regulatory changes just as we have opposed the OCC final rule. Reforming CRA must not become a pretext for relaxing CRA.

CRA Overhaul Comments to the Federal Reserve: Banks say, “No, We Can’t” and community groups say “Yes, You Can”

By Josh Silver / March 12, 2021 March 12, 2021 / Views

Reading the comment letters from industry and community groups regarding the Federal Reserve Board’s (board) Advanced Notice of Proposed Rulemaking on the Community Reinvestment Act (CRA), I am reminded of the childhood tale of the “Little Engine that Could,”

First Citizens Bank Announces $16 Billion Community Benefits Plan with NCRC

By NCRC / February 22, 2021 February 22, 2021 / Press Releases

First Citizens Bank announced today a $16 billion community benefits plan — developed in collaboration with the National Community Reinvestment Coalition (NCRC) — that builds on its work to reinvest in low- and moderate-income (LMI) communities and neighborhoods of color.

Member Profile: People’s Self-Help Housing

By Ken Trigueiro / February 9, 2021 February 9, 2021 / Field Notes

We build affordable homes with site-based services that offer opportunities to change lives and strengthen communities. People’s Self-Help Housing is the longest-serving nonprofit housing organization on California’s Central Coast.

NCRC comment on OCC scoring methodology

By NCRC / February 2, 2021 February 2, 2021 / Testimony & Regulatory Comments

(Download) February 2, 2021 RE: NCRC Comments on Docket ID OCC 2020–0025, Community Reinvestment Act regulations, methodology for determining thresholds on general performance standards To Whom it May Concern: The National Community Reinvestment Coalition, an association of community-based organizations dedicated to increasing lending and investing in underserved communities, opposes the Office of the Comptroller of …

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RULING: Federal Court Rejects Trump Admin’s Effort to Evade Accountability for Unlawfully Gutting Anti-Redlining Protections

By NCRC / February 1, 2021 February 1, 2021 / Press Releases

“The harm caused by the Trump Administration’s unlawful evisceration of anti-redlining rules is real and urgent. We are pleased the court rejected the Trump Administration’s shameful attempt to evade accountability for gutting a crucial anti-redlining law. We will continue to press forward in our case to protect marginalized communities and return the protections of the Community Reinvestment Act from the Trump Administration’s continued unlawful grip.”

CRA’s First Aid Kit: Tools and Resources for Hospitals, Health Systems and Medical Professionals to Support CRA Modernization

By Karen Kali / January 25, 2021 January 25, 2021 / Testimony & Regulatory Comments

Access to housing, jobs, transportation, education, healthy food and recreation are the building blocks for a healthy community, outside of clinical care. Working with banks to support those building blocks is supported by a robust CRA.

Flawed FDIC Industrial Loan Charter final rule will undermine CRA, allow lenders to evade state consumer protections

By NCRC / December 17, 2020 December 17, 2020 / Press Releases

This week, the Federal Deposit Insurance Corporation (FDIC) announced a final rule on industrial banks and industrial loan companies (ILCs), allowing nonbank parent companies to apply for and receive ILC charters, enabling these lenders to make loans across the country with narrow and insufficient community reinvestment obligations.

NCRC and SLEHCRA Call on Edward Jones to Add St. Louis Assessment Area for New Banking Division

By NCRC / August 4, 2020 August 4, 2021 / Press Releases

The National Community Reinvestment Coalition (NCRC) and the St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA) have urged the Federal Deposit Insurance Corporation (FDIC) to require Edward Jones Bank to meet Community Reinvestment Act (CRA) assessment requirements in the St. Louis area.

A new approach to bank ratings would generate billions more for neighborhoods reeling from the pandemic

By Josh Silver and Jason Richardson / July 7, 2020 July 7, 2020 / Research

This white paper describes NCRC’s suggested rating system and discusses our forecasts of increased dollars for LMI neighborhoods.

NCRC supports House resolution to overturn new CRA rules

By NCRC / June 12, 2020 June 12, 2020 / Press Releases

House Financial Services Committee Chair Rep. Maxine Waters (D-CA) and Rep. Gregory Meeks (D-NY), also a member of the Financial Services Committee, introduced yesterday a Congressional Review Act resolution to overturn the Community Reinvestment Act (CRA) rules finalized this month by the Office of the Comptroller of the Currency (OCC).

Resolution to protect the Community Reinvestment Act – To ensure that efforts to modernize regulations do not undermine the intent of the law

By NCRC / June 5, 2020 June 10, 2020 / Testimony & Regulatory Comments

The following sample resolution provides the history, purpose, and some of the basic functions of CRA and includes the key principles that are critical to preserve in the on-going regulatory reform effort by the nation’s bank regulators. This template is a start and can be adapted by non-profits, localities, state legislatures and other governing bodies moved for immediate adoption. It should …

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