According to the National Community Reinvestment Coalition, a grassroots organization advocating for the underbanked, the number of U.S. bank branches dropped from 85,993 to 81,586, a 5.1% decline, between 2017 and 2020. About one-fourth of those closures occurred in low-to-moderate-income (LMI) neighborhoods
ABA President and CEO Rob Nichols joined National Community Reinvestment Coalition CEO Jesse Van Tol in an op-ed earlier this year warning of the risks of allowing fintechs to obtain national bank charters while circumventing the full range of consumer protection and community reinvestment laws that apply to traditional banks.
The American Housing and Economic Mobility Act has been endorsed by the National Community Reinvestment Coalition.
Viewers get the opportunity to watch how the color grading system, known as redlining, developed by the Home Owners’ Loan Corporation to place value on property values in a given area, plays out in the lives of Black American families.
Psychiatric Times: Them: Must-See TV for Psychiatrists Read More »
Today, the Office of the Comptroller of the Currency (OCC) announced that the agency will halt further implementation of its 2020 Community Reinvestment Act (CRA) rule and will reconsider the rule in its entirety — a necessary first step to reversing the Trump-era changes to the critical anti-redlining law.
OCC Hits Pause On Disastrous 2020 CRA Rule Changes, Lawsuit Still Pending Read More »
Today, the Office of the Comptroller of the Currency (OCC) announced that they will halt the further implementation of the 2020 Community Reinvestment Act (CRA) rule and will reconsider the rule in its entirety — a necessary first step to reversing the Trump-era changes to the critical anti-redlining law.
OCC To Reconsider Disastrous 2020 CRA Rule Changes Read More »
NCRC would like to thank Subcommittee Chair Al Green and Chair Maxine Waters for their leadership on this issue and urges the passage of this important legislation without delay.
House Financial Services Committee moves to strengthen fair lending enforcement Read More »
The lack of equity in income and wealth shapes the way women of color can respond to social and financial crises, sometimes escalating minor financial setbacks into an array of economic hardships which make a recovery difficult. Women of color are, unfortunately, at the center of economic inequality and most in need of paid leave and wage increases.
COVID-19 Showed the Need for Paid Leave & Wage Increases for Working Women of Color Read More »
Cleveland Custom Homes and GROWTH by NCRC Commit to Twelve New Builds Cleveland Custom Homes (CCH), in partnership with The NCRC Housing Rehab Fund, LLC (NCRC HRF), marketed as GROWTH by NCRC, closed on twelve lots dedicated to new construction in Parma Heights, Ohio. Lincoln Village, located near Stumph and Snow Roads, is one of
The American Dream Series Arrives in Parma Heights Read More »
I would like to congratulate Deputy Secretary Graves on his confirmation to this critical post. We need a leader like him to work with Secretary Raimondo on key economic development issues critical to an equitable recovery. I would also like to thank the coalition of community and economic development organizations that supported his nomination.
How is your stress level? Are you feeling anxious? If you answered pretty high or yes, you are not alone. The pandemic’s impact on mental health is significant and well-documented.
COVID-19’s toll on mental health Read More »
The pandemic has highlighted how interconnected the world is. As my own family’s tragedies have made all too clear, viruses know no borders — and neither do death, grief and mourning. Life-saving vaccines shouldn’t either.
Viruses Know No Borders. Vaccines Shouldn’t Either. Read More »
The National Community Reinvestment Coalition (NCRC) applauds the outcome of today’s bi-partisan 52-47 Senate vote on S.J. Res. 15, a resolution to reverse the Trump-era True Lender Rule. The rule, finalized in October 2020 by the Office of the Comptroller of the Currency (OCC), allows national banks to use their charters to help predatory lenders get around state laws that protect borrowers from exorbitant interest rates.
NCRC applauds Senate vote to overturn OCC’s True Lender Rule Read More »
As the United States builds back from COVID-19, policymakers must invest in policies the country’s workers needed long ago to help support parents, family caregivers and all working people – especially women, women of color, and people who work in lower-wage jobs that do not offer benefits.Â
We look forward to working with new Acting Comptroller Hsu. The OCC has a great deal of work ahead. It has taken a number of missteps in the past few years that should be reversed, and that work must get underway as soon as possible.
Treasury announces Michael J. Hsu as new Acting Comptroller of the OCC Read More »
