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NCRC Remarks To Federal Regulators On US Bank Merger

Jesse Van Tol, President and CEO of the National Community Reinvestment Coalition, provided the following testimony on March 8, 2022, to regulators reviewing the proposed merger of U.S. Bancorp and MUFG Union Bank.  Good morning. I’m Jesse Van Tol and I’m the President and CEO of the National Community Reinvestment Coalition (NCRC). I will detail …

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Mayor Woodfin to Present Keys to First Homeowners in Historic Birmingham Neighborhood

The first homeowners will receive keys to their new homes from Mayor Randall Woodfin on March 17, 2022, at a ribbon-cutting ceremony celebrating homeownership and the revitalization of the Ensley community. These will be the first closings under the $25 million partnership between the City of Birmingham and The NCRC Housing Rehab Fund, LLC (NCRC HRF), known as GROWTH by NCRC.  

Racial Wealth Snapshot: Women, Men, and Racial Wealth Divide

This is one in a series of racial wealth snapshots. See more here. Download Infographic View Infographic Introduction Women have made great strides in the workplace, comprising nearly half of the workforce and surpassing men in higher education achievement. Yet women still earn less income, have less wealth and face greater economic instability than their …

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NCRC Fact Sheet: Three Bills Would Significantly Weaken Section 1071 Small Business Loan Disclosures

The philosophy behind Section 1071 is similar to that of the Home Mortgage Disclosure Act (HMDA) data: the public release of data will identify which lenders are making good faith efforts to serve small businesses and which lenders lag their peers, encouraging the laggards through public accountability to increase their lending to traditionally underserved businesses. We expect a similar benefit from Section 1071 in narrowing the significant racial and gender disparities present in small business lending.

Tracing the Legacy of Redlining: A New Method for Tracking the Origins of Housing Segregation

Eighty years after the Home Owners Loan Corporation (HOLC) formally drew its redlining maps, those neighborhoods are still high minority population areas with the highest rates of vacancy in their metropolitan areas.

NCRC and Cadence Bank Announce $20.7 billion Community Benefits Plan

Cadence Bank announced today its 2022-2026 Community Benefits Plan, developed in collaboration with the National Community Reinvestment Coalition (NCRC), building on the bank’s longstanding commitment to support traditionally underserved communities, including low- and moderate-income (LMI) neighborhoods, people of color and small businesses.

Branch Closure Hero

The Great Consolidation of Banks and Acceleration of Branch Closures Across America

In the ten years from March 2010 through March 2020, there was a net loss of 11,820 branches in the US, an average of 98.5 per month. Since the pandemic reached our shores in March 2020, 4,025 branches have closed — an average of 201 branch closures per month. This was beyond our prediction and calls into question the future of bank branches as the principal conduit for access to financial services.

Gender And Same-Sex Status in Home Mortgage Lending

The Home Mortgage Disclosure Act (HMDA) data that the Consumer Financial Protection Bureau (CFPB) is required by law to gather does not allow borrowers to identify themselves by sexual orientation. However, the co-applicant data can be used to identify loans made to couples of the same gender.