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 online pharmacy buy zoloft no prescription pharmacy online pharmacy buy provigil with best prices today in the USA 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
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 »
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
CRA regulations, examination procedures should include explicit focus on race Read More »
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.
Massachusetts CRA for Mortgage Companies: A Good Starting Point for Federal Policy Read More »
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.
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.
Principles for CRA Reform: Strengthen Communities, Exams and Accountability Read More »
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 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.
First Citizens Bank Announces $16 Billion Community Benefits Plan with NCRC Read More »
