Don’t Fear The Data: Why The Lawsuit To Repeal Section 1071 Is Wrong
A new Section 1071 lawsuit from banking industry leaders seeks to block small business lending data collection — but its arguments are false and misleading.
small business lending
Video: Section 1071: New Data for Small Business Lending
Online Event Archive Recorded May 18, 2023 CFPB Director Rohit Chopra announced at the 2023 Just Economy Conference the final rule implementing Section 1071 of the Dodd-Frank Act that will increase transparency in small business lending and help root out discrimination. Our initial analysis can be found here. Panelists overview the new rule’s features, how …
Video: Section 1071: New Data for Small Business Lending Read More »
Long-Awaited Small Farm Loan Data Will Play Vital Role In Closing Race, Gender Divides
Examining the transformative potential of an underappreciated piece of a long-awaited small business lending regulation.
Principles for CRA Reform: Strengthen Communities, Exams and Accountability
The following are principles of reform; if the agencies contradict or contravene these principles, we will oppose any additional regulatory changes just as we have opposed the OCC final rule. Reforming CRA must not become a pretext for relaxing CRA.
Report: Even while thousands vanished, local bank branches remained critical for small business lending
From 2012-2018, big banks got bigger, and 8,872 local branches closed. But in most counties, small business lending was still dominated by banks with branches within the community.
PPP data shows loans flowed mostly to businesses in wealthy White communities
The government’s flawed COVID relief program underscored the need for equity in small business financing, and for stronger enforcement of fair lending laws.
NCRC Initial Analysis of Federal Reserve’s ANPR on the Community Reinvestment Act: A Step Forward but Needs to be More Rigorous
The Federal Reserve Board has issued an Advance Notice of Proposed Rulemaking (ANPR) on the Community Reinvestment Act (CRA). The ANPR proposes to build upon the existing CRA exam structure of separate tests for retail and community development activity.
NCRC Hires Tom Feltner as New Director of Policy
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.
Could Adequate Small Business Lending Data Be on the Horizon?
Proper implementation of Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act would reveal who is receiving small business loans and where they are located.
NCRC applauds Court-Ordered Implementation for Section 1071 of the Dodd-Frank Act
The Consumer Financial Protection Bureau (CFPB) filed a settlement agreement with the U.S. District Court for the Northern District of California that outlines court-ordered deadlines for implementation of Section 1071 of the Dodd-Frank Act.
Trump’s Annual Budget Proposal Bad for Economic Justice
Today, the Trump Administration released its FY 2021 budget proposal, which would either eliminate or drastically reduce funding for numerous federal housing and community development programs that help lower-income families climb into the middle class.
Community Leaders Speak Up Against Proposed Changes to CRA
“We know our community leaders are extremely well-informed and understand both the dangers of the proposed rule changes and also the vagueness of some of the most important details,” said Jesse Van Tol, NCRC’s CEO.
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).
Do CRA Exams Measure Retail Lending Well?
As we get closer to proposed changes to the Community Reinvestment Act (CRA), a sober assessment of the effectiveness of various parts of CRA exams will help us react to the proposed changes.
Recent Research Shed Light on Minority Discouragement in Bank Small Business Lending
There have been multiple research reports recently that focused on the importance of lending for small businesses and provided a catalyst for further discussion.
