The Trump Administration has attacked one of the most vital pieces of civil rights legislation, the Fair Housing Act, on multiple fronts in the last several weeks. They gutted the Affirmatively Furthering Fair Housing rule that enforces fairness in housing. Now, they are effectively eliminating the disparate impact standard in fair housing cases.
The government’s emergency spending to help businesses stay afloat isn’t enough to save the economy. Businesses need credit to manage day-to-day operations and to grow – and business lending from banks has dried up during the pandemic. If it doesn’t resume quickly, we’ll likely face a long and deep recession.
The practice of restricting neighborhoods to certain races or incomes was a significant part of America’s segregated past. Discrimination in lending and housing is generally less overt than it used to be, but it’s still a problem.
The National Community Reinvestment Coalition (NCRC) has hired Dedrick Asante-Muhammad as Chief of Equity and Inclusion.
A top federal bank regulator has floated no longer enforcing lending rules for the poor based on the locations of a bank’s physical branches, a change likely to be opposed by NCRC and other community groups.
The new branch locations will increase housing accessibility for low-income neighborhoods, according to Jesse Meisenhelter, spokesperson of NCRC.
Decades of banking bias have left many unfairly cut out of home ownership, local and national reports show, but one national organization is partnering with a Chattanooga grassroots nonprofit organization to combat the inequity one bank at a time.
The Federal Reserve may change decades-old rules that require banks to lend to low-income borrowers as part of a broader effort to revise a range of banking regulations, the U.S. central bank’s head of regulation and supervision said on Monday.
Bill would weaken the government’s ability to enforce fair lending requirements, making it harder to root out predatory lenders.
In a final indignity, Sen. Tim Kaine, D-Va., has offered a fair lending amendment, while acknowledging that the amendment probably wouldn’t get a vote
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) applauded a $16.6 million commitment from Midland States Bank of Effingham, Illinois to low- and moderate-income and minority communities in its footprint. In a conciliation agreement with the St. Louis Equal Housing Opportunity Council brokered by the U.S. Department of Housing and Urban Development (HUD), …
Washington, DC – Today, in reaction to the release of 2013 Home Mortgage Disclosure Act (HMDA) data, NCRC President and CEO John Taylor made the following statement: “The Home Mortgage Disclosure Act data for 2013 makes it clear that there is a closing window of opportunity for low- and moderate-income communities and communities of color. …
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) and Urban Financial of America, LLC (UFA), one of the largest reverse mortgage lenders in the country, announced a collaboration to focus on fair lending to older adults. NCRC will serve in an advisory role to assist UFA with providing Home Equity Conversion Mortgages (HECMs) to …