A Trillion in Prevention
We are living in an intense time, a time where public policy failures and social inequality are revealing themselves at a level that was hidden by a relatively strong economy.
A Trillion in Prevention Read More »
We are living in an intense time, a time where public policy failures and social inequality are revealing themselves at a level that was hidden by a relatively strong economy.
A Trillion in Prevention Read More »
When the coronavirus first began to spread widely across the world, anti-Asian sentiments soon began to follow.
Spreading Like a Virus: Xenophobia, Racism and COVID-19 Read More »
Proposed rule changes to the Community Reinvestment Act (CRA) could encourage the neglect of entire markets by the largest banks, a new study found.
Your credit reports and scores play an important role in your future financial opportunities. You can use these steps to manage and protect your credit during the COVID-19 (coronavirus) pandemic.
Protecting your credit during the coronavirus pandemic Read More »
“This is going to make it harder for community groups to engage in the process,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition. “These are substantial changes that are being presented as a technical update, with almost none of those changes being advertised. So yeah — it’s sort of a stealth maneuver.”
American Banker: Will OCC plan silence some critics of bank M&A? Read More »
According to Jesse Van Tol, the CEO of the National Community Reinvestment Coalition, a blanket national halt to evictions and foreclosures would help policymakers get ahead of any uptick in delinquencies and defaults, preventing the government form “reacting to it and playing catch-up,” he told American Banker.
DSnews: Activists Call for Halts on Foreclosures Read More »
Groups including the National Community Reinvestment Coalition, which promotes fairness in lending and housing, were scheduled to meet with representatives from the country’s largest mortgage lenders on Thursday, according to the coalition’s chief executive officer, Jesse Van Tol.
The New York Times: Mortgage Lenders Consider Plan to Suspend Payments Amid Crisis Read More »
A diverse coalition of community-based organizations called on the OCC and the FDIC to immediately suspend the comment period for the proposed changes to CRA until after the health and financial crisis brought on by the coronavirus global pandemic is over.
National and Community Groups Call on FDIC, OCC to Suspend CRA Rulemaking for COVID-19 Read More »
Today, the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released a joint statement providing guidance to financial institutions on how they can receive credit on their Community Reinvestment Act (CRA) activities to low- and moderate-income people and communities affected by the coronavirus.
As you plan for the potential impact of the coronavirus, there are a number of steps that you can take to help protect yourself or a loved one financially, both in the short and long term.
Protect yourself financially from the impact of the coronavirus Read More »
“Today, we saw Congress and President Trump take important steps to protect Americans against both health and economic repercussions of COVID-19….this is a great first step, but there will need to be others,” said Jesse Van Tol, CEO of NCRC.
The coronavirus is quickly spreading across America, raising concerns that aren’t only health related. While the full economic implications of the disease are still unknown, what we do know is that the people who will face the biggest financial impacts of COVID-19 are the same people who are already financially strapped.
Earlier this year, the U.S. Department of Housing and Urban Development (HUD) released a new proposed rule to change the affirmatively furthering fair housing (AFFH) rule of the Fair Housing Act (FHA). This new proposal aims to set back years of progress by no longer enforcing meaningful community participation in the AFFH process. Without the crucial input of local community members who face housing inequalities, the new rule eliminates the main elements of accountability meant to address discrimination and inequality.
Community Participation in Fair Housing Planning Process Under Threat Read More »
Conditions in our environment where we live, work, learn and play affect a range of health outcomes. Now, faced with a global pandemic, we may soon learn just how detrimental viral diseases may be for struggling communities.
Coronavirus and the Social Determinants of Health Read More »
Nearly all banks that earned passing marks under current rules would be able to reduce their mortgage lending to low- and moderate-income (LMI) borrowers and communities under new rules proposed for the Community Reinvestment Act (CRA), a new study found.