If the agencies do not clarify who can benefit, bank activities under CRA may not end up focused on low- and moderate-income (LMI) communities, including communities of color devastated by COVID-19.
How Will CRA Resources be Targeted to Fight COVID-19? Read More »
This month, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) announced the new Borrower Protection Program that streamlines consumer protection oversight of mortgage servicers through new data and information sharing between the program sponsors as they respond to the coronavirus pandemic.
CFPB, FHFA Establish New Borrower Protection Program to Respond to COVID-19 Pandemic Read More »
Dealing with the current global pandemic isn’t easy for anyone, but for people with mental illness, who are more likely than others to be poor and struggling financially, it is likely even harder.
Mental Health, Financial Health and Banking During COVID-19 Read More »
Today, the House of Representatives joined the Senate and passed a $484 billion emergency relief bill, including a $321 billion infusion for the Paycheck Protection Program, the small business rescue fund that ran out of money last week.
NCRC: The New CARES Act Doesn’t Care Enough Read More »
The COVID-19 crisis has increased America’s already considerable need for safe, accessible shelters. So this seems as good a time as any to point out that many domestic violence shelters and homeless shelters will flat-out reject potential residents for being transgender and/or non-binary – or place them in separate, isolated housing.
CRA Coordinator zamani@ncrc.org 202-464-2726 Zo Amani is the CRA Coordinator at NCRC. Prior to joining NCRC, Zo worked at the Board of Governors of the Federal Reserve System, where he supported the Board’s HR analytics and workforce planning functions. Additionally, he provided policy support for the Board’s Community Reinvestment Act modernization efforts and volunteered with
An update is needed but not one that is hastily implemented and would weaken the law in a misguided effort to simplify and clarify CRA rules.
Comments on Proposed CRA Rule: Pause and Go Back to Drawing Board Read More »
Even as the Trump Administration and Congress take important but limited steps in a fourth stimulus bill to replenish funding for the Payroll Protection Program, much more must be on the table in the coming weeks for U.S. households, including homeowners, renters and the nation’s smallest enterprises, to not only prop up the U.S. economy but to ensure a reasonable economic recovery.
Yesterday, the Senate passed a second Payment Protection Program (PPP) bill that will provide an additional $484 billion for small business aid, hospital funding and more testing for COVID-19.
NCRC Applauds Senate for Passage of Second PPP bill Read More »
In a confusing and scary time, the CFPB is a source for unbiased and informed information on a variety of financial hurdles that families can expect to face in the coming months.
CFPB Provides Advice, Guidance on COVID-19 Resources Read More »
Funding for the Payment Protection Program (PPP), the federal government’s COVID-19 forgivable loan program for small businesses, ran out last Thursday, even earlier than predicted.
To a large extent, a person’s health is determined by their circumstances and their environment.
Good Health is more than just the absence of illness Read More »
The poor implementation of affirmatively furthering fair housing (AFFH) has taken a significant toll on the health of African Americans. Therefore, we need to make communities equal to allow all Americans to have a healthy life and a chance to survive after this.
Today, the Consumer Financial Protection Bureau (CFPB) finalized data reporting thresholds under the Home Mortgage Disclosure Act (HMDA) for the nation’s financial institutions.
Multiple measures in the enormous “Cure Italy” bill, including earning supplements and unemployment benefits for all workers, even the self-employed, special funds for businesses, babysitting vouchers and parental leave for those with young children, tax, loan and mortgage delays, a freeze on firings and emergency nutrition funds for citizens, will be in place until August.
