A cardinal rule of any rulemaking is that a federal agency must use data and analysis to assess the impact of its proposed changes to a regulation. Based on NCRC’s analysis so far, it appears that the OCC and FDIC have flagrantly violated this fundamental rule.
Could Lack of Impact Assessment in OCC and FDIC Proposal Break CRA? Read More »
Entrepreneurship is a capital-intensive experience which makes it quite challenging for those with little access to capital to pursue.
I fell for America’s white lie, entrepreneurship Read More »
The Comptroller of the Currency, Joseph M. Otting, submitted testimony in advance of his appearance before the House Financial Services Committee on Jan. 29, 2020. His testimony cited and challenged NCRC’s analysis of a proposal to overhaul rules that enforce the Community Reinvestment Act. This is NCRC’s response to Otting’s testimony.
“We know our community leaders are extremely well-informed and understand both the dangers of the proposed rule changes and also the vagueness of some of the most important details,” said Jesse Van Tol, NCRC’s CEO.
Community Leaders Speak Up Against Proposed Changes to CRA Read More »
The practice of restricting neighborhoods to certain races or incomes was a significant part of America’s segregated past. Discrimination in lending and housing is generally less overt than it used to be, but it’s still a problem.
NCRC Civil Rights Testing Finds Discriminatory Practices in Housing Read More »
Program Coordinator, Fair Housing/Fair Lending soros@ncrc.org 202-393-8308 Sara Oros is the Fair Housing/Fair Lending Program Coordinator at NCRC. Sara attended Gannon University in Erie, Pennsylvania, where she graduated magna cum laude with a degree in Political Science and a focus in business administration. Prior to this role, she was a communications and development intern at NCRC. She
These initiatives are outlined in the bank’s 2019-2023 Community Benefits Plan, created with input from the National Community Reinvestment Coalition (NCRC).
The National Community Reinvestment Coalition told The Washington Post that banks approved an average of $78 billion a year between 2012 and 2017 in community development loans and $55 billion a year in small business loans in low-income areas.
Akron Beacon Journal: Guest view: Proposed banking changes need to be amended Read More »
D.C. is the most gentrified city in the United States, according to a study by the National Community Reinvestment Coalition released in 2019. This is to say, about 40 percent of the city’s low-income neighborhoods experienced gentrification between 2000 and 2013. The study defines gentrification as “an influx of investment and changes to the built environment lead[ing] to rising home values, family incomes and educational levels of residents.”
Washington City Paper: Causes of Death: Why Is DC’s Homicide Count Rising Again? Read More »
“One thing everyone was consistent on was this dollar volume metric was a bad idea,” says Jesse Van Tol, CEO of the National Community Reinvestment Coalition. “Nonetheless the OCC has pressed forward with something that adds some bells and whistles to the one metric, but ends up as still fundamentally the driving force behind the grading scheme.”
Next City: A Tale of Two Community Reinvestment Act Proposals Read More »
On Wednesday, January 29, join Oscar Perry Abello, Next City’s senior economics correspondent, as he leads a virtual panel discussion on the purpose of the Community Reinvestment Act (CRA), how a new proposal could negatively impact low- and moderate-income individuals, and equitable ways in which the act can be improved.
Next City: Unpacking the Proposed Changes to the Community Reinvestment Act Read More »
“The proposed changes are substantial, dilutive and would weaken the effectiveness of the law,” said Gerron Levi, policy director of the National Community Reinvestment Coalition. “I can say, without equivocation, the winners would be the nation’s largest banks and the losers would be low- and moderate-income and underserved borrowers and communities.”
American Banker: Regulators Aren’t Only Ones at Odds Over CRA Reform Read More »
New awards program at the Just Economy Conference will recognize young economic and social justice leaders.
Call for nominations: Who are the new leaders of change for a just economy? Read More »
The Trump Administration’s banking regulators released a plan in December to upend the Community Reinvestment Act (CRA). Although released under the guise of being a modernization of the monumental civil rights legislation, Comptroller of the Currency Joseph Otting’s plan is a complete rewrite of the law.
NCRC’s Policy Director Testifies Before House on Disastrous CRA Reform Proposal Read More »
Today, the National Community Reinvestment Coalition (NCRC) submitted a Freedom of Information Act (FOIA) request to the Office of the Comptroller of the Currency (OCC) for records related to the agency’s plan to revise Community Reinvestment Act (CRA) rules.
NCRC Submits FOIA Request for Missing Data in CRA Proposed Rule Read More »
