NCRC

US Congressman Chuy García: Rep. Chuy García & Senator Elizabeth Warren Introduce Bank Merger Review Modernization Act to End Rubber Stamping of Bank Merger Applications

By / / In the News / 1 minute of reading

US Congressman Chuy García, September 30, 2021, Rep. Chuy García & Senator Elizabeth Warren Introduce Bank Merger Review Modernization Act To End Rubber Stamping Of Bank Merger Applications The Bank Merger Review Modernization Act has been endorsed by Jeremy Kress, former Federal Reserve Board attorney and Assistant Professor of Business Law at the University of Michigan; the […]

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NFHA: Civil Rights, Consumer Protection, and Housing Policy Organizations Applaud Senator Raphael Warnock’s Introduction of the $100 Billion Downpayment Toward Equity Act, Call for Its Immediate Passage

By / / In the News / 1 minute of reading

NFHA, September 30, 2021, Civil Rights, Consumer Protection, and Housing Policy Organizations Applaud Senator Raphael Warnock’s Introduction of the $100 Billion Downpayment Toward Equity Act, Call for Its Immediate Passage Following Senator Raphael Warnock’s (D-GA) introduction of the Senate companion to the Downpayment Toward Equity Act, which would allocate $100 billion in funding for first-time homebuyers, the National

NFHA: Civil Rights, Consumer Protection, and Housing Policy Organizations Applaud Senator Raphael Warnock’s Introduction of the $100 Billion Downpayment Toward Equity Act, Call for Its Immediate Passage Read More »

NCRC applauds confirmation of Rohit Chopra to lead CFPB

By / / Press Releases / 2 minutes of reading

Rohit Chopra’s prior experience as an Associate Director and Student Loan Ombudsman at the CFPB and most recently as a Federal Trade Commissioner demonstrates his strong commitment to the CFPB’s core mission to protect American consumers from unfair, abusive or deceptive financial practices and products.

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Closing the Racial Wealth Divide: A Plan to Boost Black Homeownership

By / / Views / 7 minutes of reading

This article was co-produced and co-published with the Nonprofit Quarterly. The United States is a country built on the genocide and taking of land of Indigenous peoples, as well as turning enslaved Africans into the private wealth of White citizens. This has created a nation whose riches are highly concentrated among White Americans. Even after landmark

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In Memorium: Remembering Alan Fisher, founding executive director of the California Reinvestment Coalition

By / / Field Notes / 3 minutes of reading

Alan Fisher, founding director of the California Reinvestment Coalition, died Thursday, September 16, 2021, surrounded by family, following a hard-fought battle with cancer. In the world of housing and economic justice, Alan was a titan who advocated for working-class families, communities of color, and small-business owners. “The world seems a little sadder today than it

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CRA regulations, examination procedures should include explicit focus on race

By / / 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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Civil Rights, Fair Housing And Consumer Groups Urge Congress to Advance Housing Investment and Equity in Historic Human Infrastructure Bill

By / / Press Releases / 3 minutes of reading

Today, national civil rights, housing policy, and consumer protection groups released a letter sent to Congressional leadership and committee chairs calling for inclusion of housing policies that would advance racial and economic equity in the upcoming human infrastructure reconciliation legislation. The letter, linked here, was signed by the Center for Responsible Lending, The Leadership Conference

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Morning Consult: Equity Should Be Required of the Entire Financial Sector, Not Just Banks

By / / In the News / 2 minutes of reading

Over the last year, the division of inequality in America has been revealed through our simultaneous crises of COVID, racial injustice and economic insecurity. Low income and low-wealth households — many of which are Black American, Latino, and Native American — continue to face economic barriers in access to credit, homeownership, capital assets and other means to improve their economic situations.

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Fed Must Do More to Protect Consumers From Fraud and Mistakes in New P2P Payment System

By / / Press Releases / 3 minutes of reading

FedNow System Must Not Launch Until it is Safe The Federal Reserve Board must do more to protect consumers, small businesses and other users from fraud and mistakes in the new “FedNow” instant person-to-person (P2P) system that it is developing, according to comments submitted today by consumer, small business, community and legal services groups.  One

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Introducing the Just Economy Club in DC, a new event and office space for social sector nonprofits

By / / Press Releases / 3 minutes of reading

A new events and office space designed for social sector nonprofits has opened in the historic Union Trust building at 15th and H Streets, just around the corner from The White House. The Just Economy Club, at 740 15th St. NW, offers members private offices with room for teams of up to eight people, shared

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