“This is an encouraging step toward thoughtful updates to CRA rules, which are essential to ensure loans and investments from banks reach underserved minority and lower-income communities that have been especially hard hit by the coronavirus pandemic.”
NCRC statement on Federal Reserve vote to update CRA rules Read More »
Habitat for Humanity of Greater Charlottesville builds homes in partnership with low-income families, volunteers and members of the community, and sells them to those low-income families with affordable mortgages.
New Member Profile: Habitat for Humanity of Greater Charlottesville Read More »
The Consumer Financial Protection Bureau (CFPB) released yesterday an outline of proposals under consideration to collect data on lending to small businesses and help identify and address discrimination.Â
CFPB proposed changes to small business lending data a step in the right direction Read More »
The National Community Reinvestment Coalition has hired Tom Feltner as Director of Policy. He will lead NCRC’s policy agenda and advocacy in pursuit of a Just Economy.Â
NCRC Hires Tom Feltner as New Director of Policy Read More »
The agencies should not undermine the effectiveness of CRA by designing new exams that do not effectively hold banks accountable for meeting credit needs of local communities.
Principles for CRA Reform: Strengthen Exams for Banks Read More »
Today, the National Community Reinvestment Coalition (NCRC) and Morgan Stanley (NYSE: MS) announced a $15 billion, four-year community benefits plan that will increase the financial services company’s lending and investments in lower-income communities.
It’s not too simple to say that governmental housing policies that endorsed and promoted segregation and racism had a profound and lasting legacy that we can still see in the landscape of American cities today.
Mapping Inequality: There were no dog whistles, the racism was loud and clear. Read More »
Before the pandemic devastated minority communities, banks and government officials starved them of capital.
With Grandparents Day fast approaching this Sunday, September 13, is a time to honor the role grandparents play, as well as call attention to the adverse effects the current coronavirus pandemic poses to older adults.Â
Grandparents: A Renewed Role as Parents To Grandchildren Read More »
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.
NCRC Condemns HUD’s Disparate Impact Rule Read More »
As COVID-19 disproportionately affects BIPOC and police violence perpetuates devastation to families and communities of color, local governments across the country are acknowledging racism as a public health crisis through public declarations.Â
Will local resolutions against racism make a difference? Read More »
If it remains confined to banks, CRA will miss opportunities to make sure that securities services are offered equitably to low- and moderate-income communities.
Richard Rothstein outlines what’s necessary to reproach residential segregation in NCRC’s Just Economy Series.
A Just Economy requires a new Civil Rights movement Read More »
if the Community Reinvestment Act (CRA) remains confined to banks, our nation’s underserved neighborhoods will have a harder time revitalizing. Banks are one part of the total financial industry and a shrinking part at that.Â
Expanding CRA to Non-Bank Lenders and Insurance Companies Read More »
LGBTQ+ Americans are less likely to own their homes when compared to their straight, cisgender counterparts, and they are more likely to experience financial hardship.Â
Lending Discrimination Faced by Same-Sex Couples in the Mortgage Arena Read More »
