The government’s flawed COVID relief program underscored the need for equity in small business financing, and for stronger enforcement of fair lending laws.
PPP data shows loans flowed mostly to businesses in wealthy White communities Read More »
Proper implementation of Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act would reveal who is receiving small business loans and where they are located.
Could Adequate Small Business Lending Data Be on the Horizon? Read More »
The Consumer Financial Protection Bureau (CFPB) filed a settlement agreement with the U.S. District Court for the Northern District of California that outlines court-ordered deadlines for implementation of Section 1071 of the Dodd-Frank Act.
NCRC applauds Court-Ordered Implementation for Section 1071 of the Dodd-Frank Act Read More »
John Taylor, President and Founder of the National Community Reinvestment Coalition, testified today at the Consumer Finance Protection Bureau’s (CFPB) Symposium: Section 1071 of the Dodd-Frank Act.
NCRC President, Founder John Taylor Testifies at CFPB on Small Business Data Read More »
High-cost loans are often used as a proxy for subprime or even predatory mortgages. More accurate data on the loan price would go a long way to confirming if these loans are in fact dangerous, or if the higher interest rate reflects other legitimate factors.
NCRC’s HMDA 2018 methodology: How to calculate loan price Read More »
The result of the 2010 Dodd Frank Act, the 2015 CFPB rule and the 2018 Congressional update was the expansion of ethnicity fields in HMDA datat from one possible choice to five for both the applicant and co-applicant.
NCRC’s HMDA 2018 methodology: How to calculate race and ethnicity Read More »
Bill would weaken the government’s ability to enforce fair lending requirements, making it harder to root out predatory lenders.
That the legislation is coming 10 years after the worst credit crunch since the Great Depression has fueled passions around the debate.
Politico: A decade after meltdown, Senate moves to roll back bank rules Read More »
Hundreds of NCRC members expected to comment and testify before bank regulators this summer Atlanta, GA – Today, eight members of the National Community Reinvestment Coalition testified before the bank regulatory agencies regarding ways to improve the Community Reinvestment Act (CRA) to leverage hundreds of billions of dollars more in private investments for job creation
Community Organizations Weigh in on the Community Reinvestment Act Read More »
