Between 2012 and 2017, banks spent an average of $78 billion a year on community development lending and $55 billion a year on small-business loans in low- and moderate-income neighborhoods that fall under the law, according to the National Community Reinvestment Coalition.
“The Trump administration seems determined to radically overhaul and water down the compliance system by introducing a numerical measure of performance that has been widely criticized, by bankers as well as community advocates, as overly simplistic,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition.
Politico: FDIC bid to overhaul anti-redlining law sparks protest by Waters Read More »
“This is a major transformation of the law. It upends how the CRA works,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition.
The Washington Post: Financial regulators propose overhaul of anti-redlining law Read More »
“I’m very concerned that this proposal shifts the focus of CRA from making mortgage loans and small-business loans to lower-income people to a range of finance activities that are higher profit margin,” said Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, a nonprofit that seeks to help poor communities build wealth.
The New York Times: Bank Regulators Disagree on Changes to Rules for Poor Communities Read More »
For nearly two decades, November has been recognized as National Family Caregivers month to spotlight the more than 40 million caregivers who provide unpaid support to aging parents, spouses, the disabled and friends.
Caregivers Face Additional Financial Strains That Limit Retirement Funds Read More »
The government’s plan to change how it enforces the Community Reinvestment Ac is “fundamentally flawed” and will significantly weaken the law, according to analysis of the proposal by the National Community Reinvestment Coalition (NCRC).
Today, 516 state and national community-based organizations urged the Federal Deposit Insurance Corporation’s (FDIC) Board of Directors to not join the Office of the Comptroller of the Currency’s (OCC) notice of proposed rulemaking (NPR) for the Community Reinvestment Act (CRA).
In anticipation of the reform proposals to the Community Reinvestment Act (CRA) expected this week, I am continuing the review of performance measures on CRA exams. The most recent blog looked at performance measures on the lending test. This one will scrutinize performance measures on the investment and service test.
How to Evaluate Community Development Financing and Services Under CRA Read More »
With the holiday shopping season going into overdrive, it is important to pay tribute to Native Americans. Now when we say to pay tribute, we literally mean pay, with money, by making purchases from Native American small businesses.
How to Pay Tribute to the Nation’s Native American Heritage Read More »
As we get closer to proposed changes to the Community Reinvestment Act (CRA), a sober assessment of the effectiveness of various parts of CRA exams will help us react to the proposed changes.
Do CRA Exams Measure Retail Lending Well? Read More »
As we celebrate and recognize Native American Heritage Month this November, it is vital to acknowledge their growing population, socio-economic challenges and advancements in comparison to other ethnic groups.
The Economic Reality of Native Americans and the Need for Immediate Repair Read More »
While it is clear the racial wealth divide grows sharply with age, there is very little understanding of retirement security best practices for low-wealth seniors.
Poor Old People: The Graying of Racial and Gender Wealth Inequality Read More »
Boldly called “The Future of the Community Reinvestment Act,” the publication has a series of articles examining retail lending, community development financing and branching of banks.
While there has been a growing widespread discussion concerning economic inequality at the national level, there has been less focus on best practices to address it on the local level.
Moving Communities Out of Racialized Asset Poverty Read More »
The CRASF membership works with financial institutions, state and local organizations as well as government to provide Community Reinvestment Act training and assistance, community advocacy, affordable housing, small business training and loan acquisition assistance.
From “Just a Job” to Executive Director Read More »
