NCRC

NCRC applauds CFPB plan to collect Section 1071 small business loan data

The Consumer Financial Protection Bureau (CFPB) released a request for comment regarding its proposal to implement Section 1071, the portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank) that required the CFPB to collect and publish small business lending data.

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NCRC Submits Comment Supporting HUD’s Proposed Disparate Impact Rule

The National Community Reinvestment Coalition (NCRC) today submitted a comment letter to the Department of Housing and Urban Development (HUD), applauding HUD for its proposed rule setting the standard for bringing disparate impact claims under the Fair Housing Act. In the comment letter, NCRC also urged HUD to offer guidance to the lending and insurance industries on the proper use of predictive technologies in underwriting, particularly with regard to artificial intelligence, machine learning and alternative data.

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NCRC applauds FHFA’s proposed expansion of affordable housing goals, and a new goal specific for minority communities

Today, the Federal Housing Finance Agency (FHFA) proposed 2022-2024 single-family and multifamily housing goals for the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. In addition to proposing higher annual benchmarks in some categories, the agency proposes new single-family subgoals focused on communities of color and that respond to concerns about displacement in low-income communities.

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NCRC applauds HUD, FHFA plan to strengthen enforcement of the Fair Housing Act, and inclusion of rental payment data for mortgage risk assessments at Fannie Mae

This is a bold and promising move to align and combine forces at agencies that should work together to end housing and lending discrimination and, importantly, to ensure their policies expand access to affordable homeownership for more borrowers and communities of color.

NCRC applauds HUD, FHFA plan to strengthen enforcement of the Fair Housing Act, and inclusion of rental payment data for mortgage risk assessments at Fannie Mae Read More »

Years after a toxic spill, an Alabama community loses hope

Last month, the National Community Reinvestment Coalition (NCRC), the South Alabama Fair Housing Center (SAFHC) and We Matter Eight Mile Community Association (We Matter Eight Mile) held a community meeting in the predominantly Black community of Eight Mile, north of Mobile, Alabama.

Years after a toxic spill, an Alabama community loses hope Read More »

Catherine Petrusz

CRA Coordinator 202.770.3619 cpetrusz@ncrc.org Catherine Petrusz joined NCRC in 2021 as a CRA Coordinator and works with NCRC members and banks on community reinvestment campaigns. Before joining NCRC, Catherine was a senior member of the legal team and head of compliance for Self-Help, a national community development financial institution. Catherine is excited to combine her

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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.

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NCRC applauds Administration’s Announced Move to Rescind Disastrous Trump-era CRA Rule Changes

Today, the Office of the Comptroller of the Currency (OCC) announced it will propose to rescind its controversial Trump-era rules weakening the Community Reinvestment Act (CRA) and work with other banking regulators to adopt a clear, strong and consistent update to the CRA.

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Christa Murillo

Project Specialist cmurillo@ncrc.org 202-768-8315 Christa Murillo is a project specialist at NCRC. She is bilingual in English and Spanish and a proud native of Kansas City, Missouri. Christa received her bachelor’s degree in modern languages and marketing from the University of Central Missouri. Prior to joining NCRC, Christa worked at the National Association of Hispanic

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