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responsible lending

NCRC Testifies Before DC City Council in Support of the Community Development Act of 2013

Washington, D.C. – Today, Josh Silver, Vice President of Research and Policy at the National Community Reinvestment Coalition, testified before the District of Columbia City Council’s Committee on Business, Consumer, and Regulatory Affairs in support of the Community Development Amendment Act of 2013. The Act would require banks bidding on municipal deposits and investments to […]

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Responsible Banking Ordinances

Background on Local Responsible Banking Ordinances Local responsible banking ordinances are laws designed to ensure responsible loans, investments, and services for modest-income and minority neighborhoods. The ordinances require an evaluation of financial institution performance in serving modest-income and minority neighborhoods as part of the criteria for deciding which institutions receive municipal deposits and other city

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