Today, the House of Representatives voted to pass H.J. Res 90, which disapproves of the Office of the Comptroller of the Currency’s (OCC’s) new Community Reinvestment Act (CRA) rules. If the resolution is passed into law, it would make the CRA final rule null and void.
NCRC applauds House passage of resolution to save anti-redlining law Read More »
Today, the Supreme Court ruled that the Consumer Financial Protection Bureau’s (CFPB) structure is unconstitutional. The ruling ended what was supposed to be the director’s total independence from the president, by giving the president the authority to fire the director at will.
NCRC statement on Supreme Court Consumer Financial Protection Bureau ruling Read More »
Same-sex couples paid higher interest rates and closing fees on home loans, a new analysis found.
Mortgage data reveals disparities in same-sex lending Read More »
Today, the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), represented by Democracy Forward and Farella Braun + Martel, filed suit against the Office of the Comptroller of the Currency (OCC) for unlawfully eviscerating the vital anti-redlining rules put in place under the Community Reinvestment Act (CRA).
In the middle of a worldwide pandemic and national crisis, the Office of the Comptroller of the Currency (OCC) has taken steps that could undermine the ability of states to protect their residents from the perils of high-cost loans.
OCC cracks open a debt trapdoor Read More »
As real estate agents scramble for new business, compliance with civil rights laws may not be the first thing on their minds. Yet evidence suggests that as housing sales plummeted in April, the amount of racial discrimination in the housing sales market plummeted alongside it.
Has COVID-19 Resulted in Less Racism in Housing Sales? Read More »
San Francisco was the most intensely gentrified city in America from 2013 to 2017, a new study found. But the emergence of COVID-19 exposed deep economic and social fault lines nationwide. While a small number of cities were booming, most were not.
House Financial Services Committee Chair Rep. Maxine Waters (D-CA) and Rep. Gregory Meeks (D-NY), also a member of the Financial Services Committee, introduced yesterday a Congressional Review Act resolution to overturn the Community Reinvestment Act (CRA) rules finalized this month by the Office of the Comptroller of the Currency (OCC).
NCRC supports House resolution to overturn new CRA rules Read More »
As the novel coronavirus began to appear in the Deep South, we could see then the trajectory of this virus crashing into the existing virus of racism in our communities.
We Are Grieving, and Ready For Our Continued Pursuit of Justice Read More »
This week, the Senate passed the Payment Protection Program (PPP) Flexibility Act, already passed by the House in May, sending the bill to the president, who is expected to sign it into law. While the act makes necessary improvements to the PPP, more needs to be done to ensure money is going to minority and women-owned businesses and the smallest small businesses.
NCRC Statement on New PPP Flexibility Act Read More »
This is a painful moment for America, but especially and uniquely for African Americans who live with the threat of violence, injustice and police brutality every day, for communities where systemic racism undermines everything, and for a nation that has talked about these issues for too long and yet has been incapable of facing or correcting inequality that began with slavery.
We need the protests, and we need solutions Read More »
Forbearance is an option available to borrowers where they can stop making payments on their home mortgage loan and then repay that amount at a later date. This rarely used option has taken on new significance since the onset of the COVID-19 pandemic.
COVID-19 and Mortgage Forbearance Read More »
Stay-at-home orders caused large decreases in ridership for public transit around the country.
Healthy Mobility: An Urgent, New Public Transportation Puzzle Read More »
The Office of the Comptroller of the Currency’s (OCC) final Community Reinvestment Act (CRA) rule released on May 20 would lessen the public accountability of banks to their communities by enacting performance measures on CRA exams that would be complex and opaque while at the same time over-simplifying how to measure bank’s responsiveness to local needs.
Summary Fact Sheet on the OCC’s Final CRA Rule Read More »
The National Community Reinstatement Coalition (NCRC), the California Reinvestment Coalition (CRC) and legal oversight group Democracy Forward announced today they intend to sue the Office of the Comptroller of the Currency (OCC) for unlawfully gutting the Community Reinvestment Act (CRA).
Community Orgs to Trump Administration on CRA Rule: “We’ll See You In Court” Read More »
