The Office of the Comptroller of the Currency’s (OCC) final Community Reinvestment Act (CRA) rule released on May 20 would lessen the public accountability of banks to their communities by enacting performance measures on CRA exams that would be complex and opaque while at the same time over-simplifying how to measure bank’s responsiveness to local needs.
Summary Fact Sheet on the OCC’s Final CRA Rule Read More »
The National Community Reinstatement Coalition (NCRC), the California Reinvestment Coalition (CRC) and legal oversight group Democracy Forward announced today they intend to sue the Office of the Comptroller of the Currency (OCC) for unlawfully gutting the Community Reinvestment Act (CRA).
Community Orgs to Trump Administration on CRA Rule: “We’ll See You In Court” Read More »
The government’s emergency spending to help businesses stay afloat isn’t enough to save the economy. Businesses need credit to manage day-to-day operations and to grow – and business lending from banks has dried up during the pandemic. If it doesn’t resume quickly, we’ll likely face a long and deep recession.
The Tightening of the Credit Market and the Perpetuation of the Recession Read More »
The Office of the Comptroller of the Currency (OCC) announced long-anticipated changes to rules that enforce the Community Reinvestment Act (CRA). The Federal Deposit Insurance Corporation (FDIC) had previously joined the OCC in the rule-making effort, but it did not join in the final rule released today.
OCC Announces Final CRA Rule Changes, Moves Alone, Without FDIC or Federal Reserve Read More »
Demystifying blanket assumptions regarding the economic status of Asian Americans is key in understanding the large disparities that live within the group, and can help reduce intra-group inequalities.
The Economic Reality of Asian Americans, Including Intragroup Differences Read More »
NCRC’s new report, Mortgages and Older Adults After COVID-19, used this new information to highlight trends in homebuying, aging in place and use of home equity.
New HMDA Data Reveals Racial Disparities in Older Adult Lending Read More »
COVID-19 continues to aggravate deeply embedded inequalities. We need bold policy solutions aimed at bridging the racial wealth divide now more than ever.
Racial Health and Economic Disparities are Two Sides of the Same Coin Read More »
Members of the Senate Banking Committee today questioned why, in the middle of the COVID-19 crisis, bank regulators are moving forward with proposed changes to the Community Reinvestment Act (CRA) that would cripple COVID-19 recovery efforts in low- and moderate-income communities and communities of color.
COVID-19 is more likely to harm elderly adults. They are also more vulnerable to the economic downturn brought on by the pandemic. In an April data brief, the National Council on Aging (NCOA) studied wealth and income data on adults above the age of 60 throughout the Great Recession. The brief found significant correlations between
Retired or Working, Coronavirus Likely to Doubly Hit Older Americans Read More »
On Tuesday, May 12, 2020, the Senate Committee on Banking, Housing and Urban Affairs is scheduled to conduct a virtual hearing on the oversight of financial regulators, with testimony from Office of the Comptroller of Currency’s (OCC) Comptroller Joseph Otting and Federal Deposit Insurance Corporation Chairman Jelena McWilliams.
NCRC Urges Senate Committee to Pressure OCC, FDIC to Drop Proposed Changes to CRA Read More »
Participatory budgeting (PB) is a democratic process in which community members decide together how to spend part of a public budget.
How Participatory Budgeting can create affordable housing and a just economy Read More »
Given the connections between health and other sectors outlined in Part 1, multi-sector community partnerships and cross-sector policy efforts are key – both to addressing the spread of COVID-19 and its far-reaching consequences, as well as to improving the health of individuals and communities more broadly.
Our Interconnected Health: Part 2 Read More »
When president John F. Kennedy designated the month of May as the first Older Americans Month in 1963 (originally called Senior Citizens Month), many older adults across the country lived in poverty, which was partly the impetus for the designation. Additionally, the designation sought to bring awareness to the needs and supports for the well-being
Celebrating Older Americans Month During COVID-19 Read More »
In the wake of the current public health crisis, universities have a responsibility to ensure that every student is housing-secure after losing access to on-campus housing.
Universities: Don’t leave your students behind Read More »
COVID-19 has thrown many things we in public health have long been working on into stark relief for a broader audience: the importance of sufficient public health funding; the role of our physical and social surroundings in determining our health; how policies, systems and environments contribute to health inequities; and (perhaps the most visceral realization) how interconnected we all are – as individuals, communities, organizations and sectors – when it comes to health and well-being.
Our Interconnected Health: Part 1 Read More »
