National Community Reinvestment Coalition (NCRC) President and CEO urged more lending and better service for low- and moderate-income communities (LMI) in remarks they made at two recent hearings on the proposed merger between BB&T Bank Corporation and SunTrust Banks, Inc.
Eleni Delimpaltadaki Janis was recently named Chief Capital Markets Officer and Managing Director.
Wells Fargo could face a $1 billion fine from the CFPB, the largest in history, but is that enough? Join Stacy Cowley, Kerri Miller, and NCRC’s John Taylor. Also discussed, Mick Mulvaney’s CFPB, breaking up the big banks, and El Chapo’s drug cartel.
The Department of Treasury has released a long-awaited report recommending the first meaningful reform to the Community Reinvestment Act since 1995.
The report “addressed what we have for a long time talked about with assessment areas. We think that is a step in the right direction,” said John Taylor, President and CEO of NCRC. But Taylor wanted to make sure that regulators do not lose sight of the importance of branch locations if they expand the assessments to other areas.
Trump administration kicks off reassessment of 1977 law that has ‘not kept pace’ with changes in banking
Chase’s only DC office isn’t technically a branch, which allows it to dodge CRA regulations.
Memories of those difficult days seem to have faded from the public consciousness, as have the lessons we learned on how we got there in the first place.
After the Senate passed its Dodd-Frank reform bill Wednesday night, sending it to the House to be voted on, experts began to voice their opinions of the bill – but no one agrees.
We need bipartisan support to end discrimination in lending, not to hide the data that exposes it. Read John Taylor and Marc Morial’s opposition to S. 2155, the #BankLobbyistAct.