Jesse Van Tol is CEO of NCRC
Donald Trump’s victory four years ago was unimaginable to many, and an emotional blow that only got worse over time. Until now. The post election drama is mostly over. The Electoral College is done. We finally know: Joe Biden will be the 46th president, and Kamala Harris will be many firsts as vice president: Black, South Asian, woman, mom.
Change is on the way, but it won’t be easy Read More »
Yesterday, the National Community Reinvestment Coalition (NCRC) and 49 other community organizations responded to a Consumer Financial Protection Bureau (CFPB) proposal to move forward with a ten-year old requirement to collect application and approval data on loans made to small businesses — an important first step to preventing discrimination in loans made to woman-owned businesses and businesses owned by people of color.
Her plan was to seek a bank loan and thus, she reached out for assistance to the DC Women’s Business Center (DCWBC) in late March 2020, right as the pandemic was starting to hit this region hard.
Women’s Business Center helps DC small business thrive during pandemic Read More »
There was a 5.13% loss of bank branches across the United States from 2017 through the third quarter of 2020, a new analysis found.Â
Bank branch closures continue at alarming pace Read More »
The government’s flawed COVID relief program underscored the need for equity in small business financing, and for stronger enforcement of fair lending laws.
PPP data shows loans flowed mostly to businesses in wealthy White communities Read More »
As the pandemic continues, the challenges small businesses and entrepreneurs face are heightened. Adjusting to a new normal proves to be most challenging for minority-owned businesses.
What do women entrepreneurs need in today’s business climate? Read More »
Compliance and Regulatory Counsel nsim@ncrc.org 202-792-1282 Natasha Sim is Compliance and Regulatory Counsel at the National Community Reinvestment Coalition (NCRC). Since joining NCRC in late 2020, Natasha has led the implementation of a multi-million-dollar lending program and managed the development of an affordable housing initiative aiming to produce 20 million homes by 2030. Natasha has
Special Assistant to the COO and Community Liaison sotero@ncrc.org 202-792-1283 Soraya Otero will be supporting NCRC’s COO Gregory Dyson as a Special Assistant, and support our Just Economy club as Community Liaison. Soraya brings outstanding organizational competencies, capacity building knowledge and practice, and great interpersonal skills backed by a robust career in operations and finance. She is focused towards institutional strategic goals.
Yesterday, the Office of the Comptroller of the Currency (OCC) released a proposed rule for establishing the Community Reinvestment Act (CRA) evaluation measure thresholds, retail lending distribution test thresholds, and community development minimums under the general performance standards set forth in the agency’s 2020 final rule.
NCRC statement on OCC’s Proposed CRA Thresholds Read More »
Latino borrowers paid substantially higher closing costs and interest rates for home purchase loans compared to non-Hispanic White borrowers, according to a new report from the National Community Reinvestment Coalition (NCRC) and UnidosUS.
Home lending data reveals discrepancies in Latino mortgage lending Read More »
The undersigned trade associations and organizations representing banks, credit unions and consumer interests write to share our concern with the brevity of the public comment period provided for recent novel national bank and national trust charter applications. The charters are not new, but the utilization of those existing charters by non-traditional applicants is significant.
On Wednesday, the Federal Housing Finance Agency (FHFA) released a final Capital rule for the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The rule requires the GSEs to maintain tier 1 capital in excess of 4%.
NCRC statement on FHFA final rule for Enterprise (GSEs) Regulatory Capital Framework Read More »
Monday, the Office of the Comptroller of Currency (OCC) published a final rule amending its licensing and merger procedures that will make it more difficult for community groups to comment on bank merger applications. Jesse Van Tol, CEO of the National Community Reinvestment Coalition, made the following statement: “It appears the OCC is doubling down
OCC announces final rule to amend licensing procedures Read More »
Despite published evidence and widespread media coverage of discrimination in the Paycheck Protection Program (PPP) bank loan application process, a second round of tests over the summer showed discrimination continued.Â
More tests and more signs of discrimination in PPP lending by banks Read More »
