“Otting is the new sheriff, and in assuming that responsibility we hope that working class Americans will still be fairly served by banks and able to access financial opportunity,” said John Taylor, President and CEO of NCRC.
Otting confirmed to replace acting Comptroller Keith Noreika Read More »
Three banks in three different regions collectively promised nearly $20 billion in home mortgages, small business loans, community development financing, and charitable contributions, as part of negotiations that included hundreds of community-based organizations in each region that were completed over the past month.
Next City: Three U.S. Banks Make $20 Billion Community Reinvestment Promise Read More »
The $22 billion-asset company, which has been an aggressive acquirer in recent months, said in a press release last week that it had worked with the National Community Reinvestment Coalition on the five-year plan.
American Banker: Acquisitive Iberiabank in La. creates $6.7B community investment plan Read More »
IBERIABANK announced today a community benefits plan with the National Community Reinvestment Coalition (NCRC) and its community-based members and partners across the southeastern region of the United States.
“IBERIABANK has been actively engaged in meaningful conversations with our members to ensure that they are well positioned to meet the needs of underserved communities. This community benefits commitment is the gold standard and raises the bar for all banks on what constitutes a forward thinking community commitment,” said NCRC President and CEO John Taylor. “We very much appreciate the strong collaboration demonstrated by IBERIABANK’s executive leadership.”
Iberiabank and NCRC celebrate $6.72 billion commitment to community development Read More »
Washington, DC – A new study released today by the National Community Reinvestment Coalition (NCRC) found that banking industry proposed changes to the Community Reinvestment Act (CRA) would allow midsize banks to circumvent federal requirements to lend and invest in low and moderate income neighborhoods.These proposed changes would endanger billions in affordable housing and community development investment.
Billions at risk in proposals to weaken the Community Reinvestment Act Read More »
The bank’s “Inclusive Communities” plan will expand lending to low- and moderate-income borrowers and communities over five years, triple its philanthropy and add 10 new branches in New York City, Philadelphia and Boston.
Santander and NCRC announce $11 billion “Inclusive Communities” plan Read More »
Boston Globe, October 30th, 2017: Santander Bank executives on Monday unveil an $11 billion, five-year pledge for community investments across the company’s eight-state footprint
Boston Globe: Santander and NCRC announce $11 billion agreement Read More »
It is hard to imagine how U.S. banks would treat working class communities without the guarantees of the Community Reinvestment Act. But it’s also time to consider an overhaul.
Every so often, an effort is made to collect articles by leading practitioners, community organizations, and academics about the effectiveness of the Community Reinvestment Act (CRA). With a new administration planning changes to banking policy, including a review of CRA, this publication is timely.
The Community Reinvestment Act at 40: A Careful Review of the Reviews Read More »
The Community Reinvestment Act and Geography: How Well Do CRA Exams Cover the Geographical Areas that Banks Serve? (Download PDF)
The Community Reinvestment Act and Geography Read More »
How CRA Can Promote Integration and Prevent Displacement in Gentrifying Neighborhoods (Download PDF)
How CRA Can Promote Integration and Prevent Displacement in Gentrifying Neighborhoods Read More »
Washington, DC – Today, on the 39th anniversary of the date the Community Reinvestment Act (CRA) was signed into law by President Jimmy Carter in 1977, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “For nearly four decades, the Community Reinvestment Act has been instrumental in creating billions of dollars
NCRC Celebrates 39th Anniversary of the Signing of the Community Reinvestment Act Read More »
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded letters from members of the U.S. Senate and U.S. House of Representatives to the financial regulators expressing concerns about enforcement of the Community Reinvestment Act (CRA) and calling for reforms to its guidance and regulations. NCRC President and CEO John Taylor made the following
NCRC Applauds Congressional Letters Calling for CRA Regulatory Reform Read More »
Home Mortgage Lending in St. Louis, Milwaukee, Minneapolis, and Surrounding Areas (Download PDF)
Home Mortgage Lending in St. Louis, Milwaukee, Minneapolis, and Surrounding Areas Read More »
On March 18th, 2016 NCRC, it’s members and KeyBank signed a landmark $16.5 billion community benefits agreement at NCRC’s annual conference. This agreement will increase capital and bank services for the under served and is a great example of the victories you can achieve by using the Community Reinvestment Act. NCRC is a leader in
Community Reinvestment Act Organizing Read More »
