Alyssa Wiltse

Advocates Call for FDIC, under New Leadership, to Stop Banks from Fronting for Predatory Lenders

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.”

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NCRC and Old National Announce $8.3 Billion Community Benefits Agreement to Strengthen Small Businesses, and Minority & Underserved Communities

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

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NCRC Urges Senate To Confirm Bloom Raskin, Cook And Jefferson to Federal Reserve Board

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.

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The Failure of the Private Mortgage Market

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,

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Goodbye “Race Neutrality”—The Case for Race-Conscious Economic Policy

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.

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Go Local Pro Business: Black Homeownership in RI Is As Low As It Was in the 1960s

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

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NCRC and New York Community Bancorp announce $28 billion community Benefits agreement to support communities of color, small businesses, and ongoing commitment to responsible multi-family lending

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.

NCRC and New York Community Bancorp announce $28 billion community Benefits agreement to support communities of color, small businesses, and ongoing commitment to responsible multi-family lending Read More »

NCRC Submits Letter to FDIC, OCC, Federal Reserve Supporting FDIC’s action to review bank merger approval framework

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.

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Report: Low- and moderate-income families and many people of color continue to be excluded from the mortgage market

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

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NCRC Applauds Nomination of Sarah Bloom Raskin for Federal Reserve Board Vice Chair for Supervision, and Lisa Cook and Philip Jefferson as Governors

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.

NCRC Applauds Nomination of Sarah Bloom Raskin for Federal Reserve Board Vice Chair for Supervision, and Lisa Cook and Philip Jefferson as Governors Read More »

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