The National Community Reinvestment Coalition (NCRC) submitted a detailed comment letter to five federal agencies yesterday, outlining how consumers should be protected when lenders use artificial intelligence (AI) and machine learning (ML) to underwrite loans.Â
NCRC Submits Comment on Artificial Intelligence Read More »
The True Lender rule, originally finalized in October 2020 by the Office of the Comptroller of the Currency (OCC), permitted national banks to use their charters to facilitate high-cost loans through rent-a-bank relationships with predatory lenders.
NCRC applauds Congress, President for nullifying the True Lender rule Read More »
Where you live is one of the most significant components of overall health outcomes and life expectancy. Up to 60% of your health is determined solely by your zip code.
Your Zip Code is More Important than Your Genetic Code Read More »
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
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 »
Today, the US. House of Representatives voted 218-208 in favor of H.J. Resolution 35, a Congressional Review Act resolution concurrent to S.J. Resolution 15, to nullify the harmful Trump-era True Lender rule.Â
NCRC applauds House for resolution nullifying True Lender rule Read More »
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.
On Juneteenth, June 19, we celebrate and reflect on the end of slavery in the U.S. Juneteenth also reminds us to be critical of how progress is measured.
Celebrating Juneteenth amid racial inequality Read More »
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.
Huntington, NCRC announce $40 billion expanded community benefits plan Read More »
The Oak Hill Project in Birmingham’s historic Ensley neighborhood is designed to provide opportunities for building generational wealth and community revitalization.
Housing discrimination and sexual harassment often overlap and create additional barriers for women in accessing and maintaining safe and affordable housing.
Sexual harassment and domestic violence threaten fair access to housing Read More »
America should not only promise but deliver to all Americans opportunities to build wealth and live well. The Just Economy Pledge is a starting point.
Introducing the Just Economy Pledge Read More »
People have become more likely to use a new brand or stop using one because of its response to calls for racial justice, according to a new survey released last month.
The actions announced today are a downpayment on equitable investments in communities, expanded funding for affordable housing, the removal of barriers that have blocked equitable development, and the opportunity to participate in the federal procurement process.
NCRC Commends President Biden for Addressing Racial Wealth Divide And Discrimination Read More »
While Greenwood (aka the Black Wall Street) was literally set to flames in 1921, the veiled injustices that Black small businesses fight today are equally cruel and threaten not only the economic well being of Black people but the culture and history of Black neighborhoods.
The Tulsa Race Massacre: A Reminder of the Ongoing Fight for Black Wealth Equality Read More »
