Regulators Should Block Capital One-Discover Merger, Advocacy Groups Write In Joint Letter
Here’s why regulators should block the Capital One-Discover merger.
Office of the Comptroller of the Currency (OCC)
NCRC Statement On OCC Overhaul Of Merger Review Process
Updating the OCC’s approach to bank merger reviews can help build a more just economy.
NCRC Statement On OCC Overhaul Of Merger Review Process Read More »
Victory: Figure Bank’s Withdrawn Charter Application Shows The Uninsured National Bank Idea Is Dead
Figure Bank’s decision to give up on seeking a charter for an uninsured national bank signals that fintechs are not going to be able to evade Community Reinvestment Act obligations.
NCRC STATEMENT: Figure Bank’s Decision To Abandon Pursuit Of A Federal Banking Charter Is Good News For Communities And Consumers
Figure Bank’s application for an OCC banking charter would have helped fintech companies crack the foundations of the Community Reinvestment Act.
Groups Urge CRA Downgrade For Keybank Over Broken Merger Promises, Apparent Redlining
“When a bank breaks promises, the law says there are consequences – and it’s our government’s job to enforce that accountability,” NCRC’s Jesse Van Tol said.
Groups Urge CRA Downgrade For Keybank Over Broken Merger Promises, Apparent Redlining Read More »
KeyBank CRA Exam Is An Opportunity To Remind The Industry: Redlining And Broken Promises Are Not “Outstanding”
Community groups are asking Community Reinvestment Act regulators to accurately assess KeyBank’s poor performance and broken promises.
NCRC Files Final Comment Letter On Proposed Overhaul Of Community Reinvestment Act Regulations
“Significant changes will be required if the final rule is to deliver real progress in addressing the legacy of redlining in America.”
Dozens Of Community Groups Call On Regulators To Reject Blockchain Startup Figure’s Bank Charter Application
“Any company that wants to provide banking services has to embrace the public responsibilities that come with operating a bank,” NCRC President and CEO Jesse Van Tol said.
Community Reinvestment Groups Sue Trump Administration For Unlawfully Gutting Anti-Redlining Rules
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).
How Will CRA Resources be Targeted to Fight COVID-19?
If the agencies do not clarify who can benefit, bank activities under CRA may not end up focused on low- and moderate-income (LMI) communities, including communities of color devastated by COVID-19.
How Will CRA Resources be Targeted to Fight COVID-19? Read More »
Comments on Proposed CRA Rule: Pause and Go Back to Drawing Board
An update is needed but not one that is hastily implemented and would weaken the law in a misguided effort to simplify and clarify CRA rules.
Comments on Proposed CRA Rule: Pause and Go Back to Drawing Board Read More »
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.
Study: Proposed Rule Changes to CRA Could Encourage Neglect of Entire Markets By Big Banks
Proposed rule changes to the Community Reinvestment Act (CRA) could encourage the neglect of entire markets by the largest banks, a new study found.
National and Community Groups Call on FDIC, OCC to Suspend CRA Rulemaking for COVID-19
A diverse coalition of community-based organizations called on the OCC and the FDIC to immediately suspend the comment period for the proposed changes to CRA until after the health and financial crisis brought on by the coronavirus global pandemic is over.
National and Community Groups Call on FDIC, OCC to Suspend CRA Rulemaking for COVID-19 Read More »
NCRC Applauds Federal Reserve, FDIC, OCC Efforts to Expand CRA Credit for Activities in Response to COVID-19
Today, the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement providing guidance to financial institutions on how they can receive credit on their Community Reinvestment Act (CRA) activities to low- and moderate-income people and communities affected by the coronavirus.