Many studies have concluded that the CRA has a significant positive impact on lending to minority and low- and moderate-income borrowers.
The Washington Post: The real reasons DC has a gentrification problem Read More »
The Department of Housing and Urban Development released a proposed rule Friday that would make it more difficult to bring discrimination claims under the Fair Housing Act, a move that is drawing protests from civil rights groups.
POLITICO: HUD proposes rule setting higher bar for housing discrimination claims Read More »
The Department of Housing and Urban Development has published a proposed rule that would amend its “disparate impact” standard to effectively make it more difficult for consumers to allege discrimination under the Fair Housing Act.
American Banker: HUD plan to alter anti-discrimination rule called ‘deeply cynical’ Read More »
That’s when “an influx of investment and changes to the built environment lead to rising home values, family incomes and educational levels of residents,” according to the National Community Reinvestment Coalition.
Washington Business Journal: Gentrification at work Read More »
Banks lend to wealthier, whiter, and urban Illinois communities while rural, lower-income, and minority areas struggle.
The Chicago Crusader: Report shows disparities in bank lending Read More »
We sat down with Bruce Mitchell, National Community Reinvestment Coalition senior research analysis, to hear more about what their report on gentrification shows, how they’re thinking about the findings, and what the policy implications might be.
Shelterforce: Behind the scenes of NCRC’s gentrification report Read More »
KeyBank worked with the National Community Reinvestment Coalition to offset controversy over the job losses and branch closures caused by the acquisition.
The Blade: JumpStart can help workforce goals Read More »
Chicago ranks third among the nation’s largest cities, after New York and Los Angeles, for most neighborhoods that have gentrified, though it hasn’t seen as intense of a wave as other places, according to a National Community Reinvestment Coalition study this year.
AP: Obama library brings elation but also fear of displacement Read More »
The U.S. Department of Housing and Urban Development (HUD) today announced a proposed rule change that would severely weaken the “disparate impact” protection under the Fair Housing Act, which requires banks, landlords and other housing providers to choose policies that apply fairly to all persons.
From autobiographies on inspirational women to fictional novels set in African tribal nations, reading these books will provide you with a variety of diverse perspectives.
Reading list: Voices to broaden our horizons Read More »
A coalition of housing, consumer protection and community development organizations yesterday called on the Trump administration to not undermine policies that help low- and moderate-income (LMI) people buy homes, and avoid changes that would make home-buying harder for millions.
The NCRC study, based on government exams of the nation’s 50 biggest banks, found some banks get credit for investments outside of their assessment areas (AAs) even when those banks underinvested in the areas they are supposed to serve first. Meanwhile, other banks get little or no credit outside of assessment areas.
Report: Bank regulators need to plug loopholes in Community Reinvestment Act exams Read More »
The Consumer Financial Protection Bureau (CFPB) just released an updated advisory calling on financial institutions to better report suspected elder financial exploitation, which is extremely underreported.
CFPB calls for better reporting on elder financial abuse Read More »
Since the financial crisis, the CFPB’s QM rules have helped ensure that the nation’s financial institutions provide low- and moderate-income (LMI) families with prudent and sustainable mortgage loans. The CFPB must provide alternatives that ensure that the LMI borrowers benefiting from the GSE Patch today continue to have viable paths to homeownership.
Fair housing laws protect minorities from discrimination, but they haven’t eliminated bad behavior in the lending and housing industries.
Advocacy still necessary to ensure fair housing for all Read More »
