In response to the release Tuesday of final interagency regulations overhauling implementation of the Community Reinvestment Act (CRA) for the first time in 28 years, National Community Reinvestment Coalition (NCRC) President and CEO Jesse Van Tol released the following statement: “This update is both long overdue and essential. Marginalized communities still suffer from a variety of […]
NCRC Statement On Final CRA Rules Release Read More »
Part Three in a four-part series examining Community Reinvestment Act reform recommendations in public comment letters.
Part Two in a four-part series examining Community Reinvestment Act reform recommendations in public comment letters.
Part One of a four-part series examining trends in comment letters sent to regulators about pending Community Reinvestment Act reforms.
Community Reinvestment Act changes are coming. We asked our members what’s working, what’s not, and what should be done about it.
Survey Results: NCRC Members Highlight CRA Reform Benefits, But Note Gaps Too Read More »
In this session, we addressed the need to go back to the civil rights roots of CDFIs to address the persistent racial wealth gap.
Video: Re-centering CDFI work on its Civil Rights origin Read More »
We look forward to continuing to work with Jerome to finalize new CRA rules that will increase lending, investments and services to low- and moderate-income communities and communities of color.
NCRC Congratulates Jerome Powell for Second Term as Federal Reserve Board Chair Read More »
Online Event Archive Recorded March 24, 2022 Banks are critical community partners and can be a catalyst for change in your neighborhood, particularly when public resources shrink. Learn about the Community Reinvestment Act (CRA) and explore how CRA can be used to increase reinvestment in your communities. This is crucial information for anyone working towards
Video: CRA Basics Read More »
With a new proposal imminent from bank regulators, community, civil rights and consumer advocacy groups stress the urgency of updates to Community Reinvestment Act
(Download) The 123 undersigned organizations are pleased that the federal bank agencies will be proposing an interagency rule implementing the Community Reinvestment Act (CRA) in the near future. CRA has been instrumental in leveraging bank financing for retail lending and community development in low- and moderate-income (LMI) communities since its passage in 1977. A critical
Position Paper on CRA Reform Read More »
Today, in response to the OCC’s rescission of the rule, the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC) agreed to dismiss their lawsuit challenging the rule.
Community Reinvestment Groups Commend Repeal of Disastrous Trump-era CRA Rule Changes Read More »
Online Event Archive Recorded December 15, 2021 As you know, the Community Reinvestment Act (CRA) was enacted to ensure much-needed investment and capital makes it to low- and moderate-income (LMI) communities. But NCRC’s research has shown that the majority of communities that were redlined in the 20th Century are still lower-income and also predominantly communities
NCRC CRA and Race Webinar Read More »
Getting the disastrous 2020 CRA rule fully rescinded was a hard-fought battle that involved comments from hundreds of our members across the nation and this is a huge victory for them and their communities. We’re relieved and welcome this action today from the OCC.Â
NCRC Welcomes OCC Final Rule to Rescind its Disastrous 2020 CRA Rule Read More »
New York is now among a group of states, including Illinois and Massachusetts, that have recognized the need to ensure that all lenders, not just banks, make mortgages available to credit-worthy borrowers in all communities.
NCRC applauds New York expansion of state Community Reinvestment Act to cover non-banks Read More »
The National Community Reinvestment Coalition (NCRC) today submitted a comment letter to the Office of the Comptroller of the Currency (OCC) strongly supporting the OCC’s proposed rescission of it’s disastrous 2020 Community Reinvestment Act (CRA) rule.
NCRC submits comment supporting OCC’s full rescission of disastrous 2020 CRA rule Read More »
