NCRC

National Community Reinvestment Coalition, Equivico by NCRC, and the Stavros Niarchos Foundation (SNF) Announce Recipients of Inaugural Small Business Grant Program

The program awarded $1.3 million to 65 small businesses through grants of up to $20,000 each that do not need to be repaid to fund projects that will help businesses across the U.S. pivot, drive innovation, and grow in a challenging economic landscape. 

National Community Reinvestment Coalition, Equivico by NCRC, and the Stavros Niarchos Foundation (SNF) Announce Recipients of Inaugural Small Business Grant Program Read More »

Health Practitioners and Advocates Provide CRA Comments on Fed’s ANPR

Wealth equity is intrinsically tied to health equity. Hospitals and health systems are stepping into the community development arena more frequently as there are many opportunities for them to partner with banks and other financial institutions to reduce economic disparities that could reduce health disparities.

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NCRC, Fintechs call on CFPB to clarify applying fair lending rules to artificial intelligence

A June 29, 2021, joint letter from NCRC, Affirm (NASDAQ: AFRM), Lending Club (NYSE: LC), Oportun (NASDAQ: OPRT), PayPal Holdings Inc (NASDAQ: PYPL), Square (NYSE: SQ) and Varo Bank, asked the CFPB to update its guidance on disparate impact to reinforce the Equal Credit Opportunity Act (ECOA) and Regulation B

NCRC, Fintechs call on CFPB to clarify applying fair lending rules to artificial intelligence Read More »

NCRC applauds HUD’s reinstatement of critical fair housing rule

Today, the Department of Housing and Urban Development (HUD) published a rule reinstating its Discriminatory Effects Standard, which ensures that housing practices that appear neutral in their design do not create or perpetuate discrimination on the basis of race, ethnicity, religion and other groups protected under the Fair Housing Act.

NCRC applauds HUD’s reinstatement of critical fair housing rule Read More »

Bold leadership is needed at FHFA to address access to credit, affordable housing crisis

This is a pivotal moment for Fannie Mae and Freddie Mac, for the mission in their charters, and the role they can and must play in facilitating access to affordable housing and affordable mortgage credit for low- and moderate-income (LMI) households, for families and communities of color and rural communities.

Bold leadership is needed at FHFA to address access to credit, affordable housing crisis Read More »

Huntington, NCRC announce $40 billion expanded community benefits plan

Huntington Bancshares Inc. (Nasdaq: HBAN) and the National Community Reinvestment Coalition (NCRC) today announced a new $40 billion community benefits plan that will focus on affordable housing, small business loans and increased capital to low- and moderate-income communities, communities of color and communities that have been historically disadvantaged.

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