Age-Friendly Banking and the First Citizens Bank Community Benefits Agreement
With a growing elderly population, projected to nearly double from 52 million to 95 million in the next 40 years, age-friendly banking is more important than ever.
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NCRC applauds Administration’s Announced Move to Rescind Disastrous Trump-era CRA Rule Changes
Today, the Office of the Comptroller of the Currency (OCC) announced it will propose to rescind its controversial Trump-era rules weakening the Community Reinvestment Act (CRA) and work with other banking regulators to adopt a clear, strong and consistent update to the CRA.
Report: Women-owned small businesses in DC negatively-impacted by COVID-19
DC Women’s Business Center surveyed 274 small business owners in the D.C. metro area to learn how the COVID-19 pandemic and economic downturn affected their businesses.
NCRC applauds bills to address affordable housing, homelessness and downpayment assistance to first-generation homebuyers
The package addresses affordable housing supply and helps answer the racial equity challenge prioritized by the Biden administration.
NCRC applauds Biden’s Executive Order Targeting Bank Mergers
President Biden’s directive today could help stem the tide of bank consolidations around the country. We have long urged the nation’s regulators to strengthen their anti-competitive review of these transactions.
The Mental Health of Women Entrepreneurs: Challenges and Solutions
Adessa Barker, a well-being practitioner and the host of the popular podcast, Attitude Changes Everything, spoke about the mental health of women entrepreneurs.
National Community Reinvestment Coalition, Equivico by NCRC, and the Stavros Niarchos Foundation (SNF) Announce Recipients of Inaugural Small Business Grant Program
The program awarded $1.3 million to 65 small businesses through grants of up to $20,000 each that do not need to be repaid to fund projects that will help businesses across the U.S. pivot, drive innovation, and grow in a challenging economic landscape.
Health Practitioners and Advocates Provide CRA Comments on Fed’s ANPR
Wealth equity is intrinsically tied to health equity. Hospitals and health systems are stepping into the community development arena more frequently as there are many opportunities for them to partner with banks and other financial institutions to reduce economic disparities that could reduce health disparities.
NCRC Submits Comment on Artificial Intelligence
The National Community Reinvestment Coalition (NCRC) submitted a detailed comment letter to five federal agencies yesterday, outlining how consumers should be protected when lenders use artificial intelligence (AI) and machine learning (ML) to underwrite loans.
NCRC applauds Congress, President for nullifying the True Lender rule
The True Lender rule, originally finalized in October 2020 by the Office of the Comptroller of the Currency (OCC), permitted national banks to use their charters to facilitate high-cost loans through rent-a-bank relationships with predatory lenders.
Your Zip Code is More Important than Your Genetic Code
Where you live is one of the most significant components of overall health outcomes and life expectancy. Up to 60% of your health is determined solely by your zip code.
NCRC, Fintechs call on CFPB to clarify applying fair lending rules to artificial intelligence
A June 29, 2021, joint letter from NCRC, Affirm (NASDAQ: AFRM), Lending Club (NYSE: LC), Oportun (NASDAQ: OPRT), PayPal Holdings Inc (NASDAQ: PYPL), Square (NYSE: SQ) and Varo Bank, asked the CFPB to update its guidance on disparate impact to reinforce the Equal Credit Opportunity Act (ECOA) and Regulation B
NCRC applauds HUD’s reinstatement of critical fair housing rule
Today, the Department of Housing and Urban Development (HUD) published a rule reinstating its Discriminatory Effects Standard, which ensures that housing practices that appear neutral in their design do not create or perpetuate discrimination on the basis of race, ethnicity, religion and other groups protected under the Fair Housing Act.
NCRC applauds House for resolution nullifying True Lender rule
Today, the US. House of Representatives voted 218-208 in favor of H.J. Resolution 35, a Congressional Review Act resolution concurrent to S.J. Resolution 15, to nullify the harmful Trump-era True Lender rule.
Bold leadership is needed at FHFA to address access to credit, affordable housing crisis
This is a pivotal moment for Fannie Mae and Freddie Mac, for the mission in their charters, and the role they can and must play in facilitating access to affordable housing and affordable mortgage credit for low- and moderate-income (LMI) households, for families and communities of color and rural communities.
