Re-centering CDFI work on its Civil Rights origin
In this session, we addressed the need to go back to the civil rights roots of CDFIs to address the persistent racial wealth gap.
TreasureCRA
NCRC Congratulates Jerome Powell for Second Term as Federal Reserve Board Chair
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 Video: CRA Basics
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 …
Advocacy groups remind bank regulators of the urgent need for stronger CRA rules and tougher enforcement on lending equity and bank mergers
With a new proposal imminent from bank regulators, community, civil rights and consumer advocacy groups stress the urgency of updates to Community Reinvestment Act
Position Paper on CRA Reform
(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 …
Community Reinvestment Groups Commend Repeal of Disastrous Trump-era CRA Rule Changes
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.
NCRC CRA and Race Webinar
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 Welcomes OCC Final Rule to Rescind its Disastrous 2020 CRA Rule
Getting the disastrous 2020 CRA rule fully rescinded was a hard-fought battle that involved comments from hundreds of our members across the nation and this is a huge victory for them and their communities.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.
NCRC applauds New York expansion of state Community Reinvestment Act to cover non-banks
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 submits comment supporting OCC’s full rescission of disastrous 2020 CRA rule
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 applauds DOJ, OCC, CFPB for holding Trustmark accountable for fair lending violations
Justice (DOJ), the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) for alleged discrimination against Black and Hispanic communities and residents in Memphis, Tennessee.
SLEHCRA, The Woodstock Institute and NCRC Oppose First Mid and Jefferson Banks’ Merger Application
On Monday, St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA), Woodstock Institute and the National Community Reinvestment Coalition (NCRC) submitted comment letters opposing the proposed merger between First Mid Bank & Trust and Jefferson Bank & Trust to the Federal Reserve.
Lawsuit paused after OCC moves to fully rescind disastrous 2020 CRA Rule Changes
The OCC proposed to fully rescind the 2020 CRA rule and also restated the agency’s intent to draft new rules jointly with the Federal Reserve Board and FDIC.
Undoing Structural Racism: The Need for Systemic Change in Housing Policy
A systemic approach is needed if decades of systemic racism in housing is to be successfully combated, according to the authors of a new compendium of essays published by the Poverty and Race Research Action Council (PRRAC).
New Report: Massachusetts offers a model for expanding federal Community Reinvestment Act to independent mortgage companies
A new report from the National Community Reinvestment Coalition found success with a statewide Community Reinvestment Act applied to mortgage lenders in Massachusetts, and a model for establishing a similar policy nationwide to require nonbank mortgage lenders to serve qualified lower-income borrowers.
