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Jesse Van Tol

In Response to Groups’ Demand, OCC Releases Log of Comptroller Otting’s Calls With Bank Execs on Gutting of Anti-Redlining Rules

Administration Filed Log on the Last Day of the CRA Comment Period, Continues to Withhold Key Details and Substance of Communications from the Public. Democracy Forward, Community Development Orgs Call Out OCC’s Hollow Claims to Accountability, File Request for Full Records.

In Response to Groups’ Demand, OCC Releases Log of Comptroller Otting’s Calls With Bank Execs on Gutting of Anti-Redlining Rules Read More »

Proposed Changes to the Community Reinvestment Act Will Be Disastrous for Low- and Moderate-Income Communities

The government’s plan to change how it enforces the Community Reinvestment Ac is “fundamentally flawed” and will significantly weaken the law, according to analysis of the proposal by the National Community Reinvestment Coalition (NCRC). 

Proposed Changes to the Community Reinvestment Act Will Be Disastrous for Low- and Moderate-Income Communities Read More »

Tests show inferior treatment of minority business owners at banks, and data shows a steep decline in government-backed lending to black entrepreneurs

Better-qualified black and Hispanic testers who shopped for small business loans at Los Angeles area bank branches were treated worse than less qualified white testers, a new study found. The study, from the National Community Reinvestment Coalition (NCRC), also found steep declines in government-backed lending to black business owners between 2008 and 2016.

Tests show inferior treatment of minority business owners at banks, and data shows a steep decline in government-backed lending to black entrepreneurs Read More »

New HMDA data shows need to strengthen CRA, close loopholes, apply to more institutions

Just hours before the start of the Labor Day long weekend, the Consumer Financial Protection Bureau (CFPB) released 2018 Home Mortgage Disclosure Act (HMDA) data. It is the most complete record of mortgage lending in the United States. The data showed non-banks extended their dominance of home lending and that banks essentially dropped out of the government-backed FHA program that helps low- and moderate-income (LMI) borrowers.

New HMDA data shows need to strengthen CRA, close loopholes, apply to more institutions Read More »

NCRC strongly condemns HUD proposed rule change that severely weakens the Fair Housing Act

The U.S. Department of Housing and Urban Development (HUD) today announced a proposed rule change that would severely weaken the “disparate impact” protection under the Fair Housing Act, which requires banks, landlords and other housing providers to choose policies that apply fairly to all persons. 

NCRC strongly condemns HUD proposed rule change that severely weakens the Fair Housing Act Read More »

Community groups call on Trump administration to make homeownership more accessible and affordable for LMI and minority families, not less

A coalition of housing, consumer protection and community development organizations yesterday called on the Trump administration to not undermine policies that help low- and moderate-income (LMI) people buy homes, and avoid changes that would make home-buying harder for millions.

Community groups call on Trump administration to make homeownership more accessible and affordable for LMI and minority families, not less Read More »

Report: Bank regulators need to plug loopholes in Community Reinvestment Act exams

The NCRC study, based on government exams of the nation’s 50 biggest banks, found some banks get credit for investments outside of their assessment areas (AAs) even when those banks underinvested in the areas they are supposed to serve first. Meanwhile, other banks get little or no credit outside of assessment areas.

Report: Bank regulators need to plug loopholes in Community Reinvestment Act exams Read More »

The CFPB must provide paths for LMI home buyers that will be harmed by any expiration of GSE Patch

Since the financial crisis, the CFPB’s QM rules have helped ensure that the nation’s financial institutions provide low- and moderate-income (LMI) families with prudent and sustainable mortgage loans. The CFPB must provide alternatives that ensure that the LMI borrowers benefiting from the GSE Patch today continue to have viable paths to homeownership.

The CFPB must provide paths for LMI home buyers that will be harmed by any expiration of GSE Patch Read More »

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