Cadence Bank announced today its 2022-2026 Community Benefits Plan, developed in collaboration with the National Community Reinvestment Coalition (NCRC), building on the bank’s longstanding commitment to support traditionally underserved communities, including low- and moderate-income (LMI) neighborhoods, people of color and small businesses.
NCRC and Cadence Bank Announce $20.7 billion Community Benefits Plan Read More »
The Home Mortgage Disclosure Act (HMDA) data that the Consumer Financial Protection Bureau (CFPB) is required by law to gather does not allow borrowers to identify themselves by sexual orientation. However, the co-applicant data can be used to identify loans made to couples of the same gender.
Gender And Same-Sex Status in Home Mortgage Lending Read More »
Meet Alvin Johnson, GROWTH by NCRC’s agent partner at its new Oak Hill community in Birmingham, Alabama. Apart from a seven-year career in the US Navy and two years working in quality control for Firestone in Georgia, the Birmingham native has spent his life serving residents of the city and throughout Alabama.
Profiles in Impact: Alvin Johnson, Birmingham, Alabama Read More »
The National Community Reinvestment Coalition (NCRC) will host an online conversation with Acting Comptroller of the Currency Michael Hsu and NCRC President and CEO Jesse Van Tol.
NCRC to host a conversation with OCC Acting Comptroller Hsu Read More »
With a new chairman taking the helm of the Federal Deposit Insurance Corporation (FDIC), the National Community Reinvestment Coalition (NCRC) joined with more than a dozen other organizations in calling for the FDIC to “stop permitting its supervised institutions to front for predatory lenders evading state interest rate limits.”
Old National Bancorp (Old National) and the National Community Reinvestment Coalition (NCRC) today announced an $8.3 billion Community Growth Plan that builds on its long-standing commitment to support historically underserved and economically disadvantaged individuals, families and communities throughout its footprint. The plan was developed in collaboration with NCRC and its members and is subject to
In a letter to the Senate Banking Committee, NCRC and 29 member groups urged confirmation of Bloom Raskin, Dr. Lisa Cook and Dr. Phillip Jefferson as Federal Reserve Board governors. The committee is scheduled to consider all three nominations in a hearing Thursday, Feb. 3.
NCRC Urges Senate To Confirm Bloom Raskin, Cook And Jefferson to Federal Reserve Board Read More »
A review of mortgage data from 2020 reveals how the private lending market continues to inadequately serve most households of color. This is despite government-backed mortgages designed to assist low- and moderate-income (LMI) households. To solve this ongoing and enduring failure, the National Community Reinvestment Coalition (NCRC) recommended a set of actions by federal bank regulators,
The Failure of the Private Mortgage Market Read More »
Making a meaningful dent in the level of structural racial economic inequality in this country requires change throughout the US finance system—in our financial regulations, within our financial institutions, and in the lending and investments done by financial institutions.
Goodbye “Race Neutrality”—The Case for Race-Conscious Economic Policy Read More »
Meet Gregory Dyson, NCRC’s new Chief Operating Officer! As COO, he will be instrumental in developing NCRC’s strategic priorities and all of the organization’s day-to-day operations.
NCRC Hires Gregory Dyson as COO Read More »
Go Local Pro Business, January 2, 2022, Black Homeownership in RI Is As Low As It Was in the 1960s Homeownership for Blacks was at the same level as before the federal Civic Rights Act passed, redlining was commonplace and housing rights laws were non-existent. “In fact, in the past 15 years, Black homeownership has
Go Local Pro Business: Black Homeownership in RI Is As Low As It Was in the 1960s Read More »
New York Community Bancorp, Inc. (NYCB) and the National Community Reinvestment Coalition (NCRC) announced today the company’s commitment to provide $28 billion in loans, investments and other financial support to communities and people of color, low- and moderate-income (LMI) families and communities, and small businesses.
The National Community Reinvestment Coalition (NCRC) today submitted a letter to the Federal Deposit Insurance Corporation (FDIC) to express support from its members to introduce a Request for Comments to review the agency’s bank merger approval framework, and called on the Office of the Comptroller of the Currency and the Federal Reserve Board to do the same.
While 2020 was disastrous for millions of Americans impacted by the coronavirus, the mortgage industry was in overdrive as interest rates dropped to levels not seen since the housing crash of 2009. In a new report, the National Community Reinvestment Coalition (NCRC) found that the explosion of refinance lending reinforced historical patterns of disinvestment in
President Biden today nominated former Treasury Department Deputy Secretary Sarah Bloom Raskin to serve as the Vice Chair for Supervision of the Federal Reserve Board and Lisa Cook and Philip Jefferson as Governors.
