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NCRC and bank trade groups urge Congress to review credit union rules

By Alyssa Wiltse / November 18, 2021 / Press Releases / 1 minute of reading

This week, the National Community Reinvestment Coalition, the American Bankers Association and the Independent Community Bankers Association submitted a joint letter to Congress, calling on the House Financial Services Committee to exercise its oversight function over the National Credit Union Administration (NCUA) and enact new legislation that subjects credit unions to the Community Reinvestment Act (CRA).

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NCRC Calls on Congress To Confirm Professor Saule Omarova as Next Comptroller of the Currency

By NCRC / November 12, 2021 / Press Releases / 4 minutes of reading

The National Community Reinvestment Coalition expresses its strong support for the nomination of Professor Saule Omarova to serve as the next Comptroller of the Currency.

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Making CRA Relevant for a Changing Financial Services Industry

By Bruce C. Mitchell, Ph.D., Josh Silver / October 12, 2021 / Research / 27 minutes of reading

This paper examines shifts in the market share of banks and nonbank financial institutions in important product markets. Banks are covered by the Community Reinvestment Act (CRA) which requires them to serve all communities, including low- and moderate-income (LMI) ones. Nonbanks, in contrast, do not have this obligation.

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Adding Robust Consideration of Race to Community Reinvestment Act Regulations: An Essential and Constitutional Proposal

By Brad Blower, General Counsel, NCRC; Josh Silver, Senior Policy Advisory, NCRC; Jason Richardson, Director of Research and Evaluation, NCRC; Glenn Schlactus, Partner, Relman Colfax PLLC; Sacha Markano-Stark, Attorney, Relman Colfax PLLC / September 16, 2021 / Research / 124 minutes of reading

It is time for regulators to incorporate an explicit focus on race in core CRA regulations and examination procedures. This should and can be done in a manner that complements, and does not in any way supplant, the longstanding focus on LMI.

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CRA regulations, examination procedures should include explicit focus on race

By NCRC / September 16, 2021 / Press Releases / 3 minutes of reading

Not only is it feasible, it is also constitutional to add a robust consideration of race to the requirements of the Community Reinvestment Act (CRA), a new report argues. The report, from the National Community Reinvestment Coalition (NCRC) and the civil rights law firm Relman Colfax PLLC, calls on CRA regulators at the Office of

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