NCRC

Banking Dive, November 15, 2023, First Citizens Unveils Updated $6.5B Community Benefits Plan The updated plan comes as a “huge relief” for the communities that stood to lose out on the investments following SVB’s collapse in March, Jesse Van Tol, CEO of the National Community Reinvestment Coalition, said in a statement Tuesday.  “First Citizens is […]

The Washington Post, November 17, 2023, Our Kids Don’t Want Our Paid-Off House — Or Our Ashes In 1940, the Black homeownership rate was 22.8%, nearly half of the 45.6% for Whites, according to the National Community Reinvestment Coalition. Until 1968, homeowners and real estate agents could legally refuse to sell homes to African Americans

Yahoo Finance, November 14, 2023, First Citizens Announces Expanded Commitment To Communities In Northern California And Eastern Massachusetts First Citizens Bank today announced an amendment to its existing Community Benefits Plan agreement with the National Community Reinvestment Coalition (NCRC) and its members that extends the bank’s longstanding community support to Northern California and Massachusetts following its March acquisition of

American Banker, November 14, 2023, First Citizens Unveils Revised SVB Community Plan Worth $6.5 Billion National Community Reinvestment Coalition Chief Executive Officer Jesse Van Tol called the agreement a “huge relief” for the communities that stood to benefit from SVB’s earlier community benefits plan. NCRC is one of the organizations that signed the deal with

The American Prospect, June 5, 2023, Predatory Lending’s Prey Of Color MS. LILLIE SHOULD NEVER HAVE BEEN subject to a predatory loan. She worked at a hospital for 14 years, retiring at 65. Her pay was “reasonable.” For the most part, she was supporting herself. Still, she would find herself needing a boost for necessities, like

The Grio, June 3, 2023, Vice President Harris Leads New Charge To Address Racial Bias In Home Appraisals Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, said in a public statement that he is particularly hopeful that the plans to diversify the appraisal industry will “cure one of the core issues

Connecticut Public Radio, May 24, 2023, Connecticut Reaches Baby Bonds Deal Officials hope the program will help break cycles of generational poverty. It’s on track to begin in July, after being in political limbo for quite some time. This hour, we look at what it will mean for Connecticut residents — and why it took

The Nonprofit Quarterly, May 10, 2023, National Gathering Looks To Address Root Causes Of Inequality “We know that redlining and segregation was not just a phenomenon that has to do with banks,” Jesse Van Tol, CEO of the National Community Reinvestment Coalition, said. “Institutional racism means that many institutions were implicated in the creation of

Consumer Reports, May 11, 2023, What to Do if You Are Denied a Mortgage Incomplete or unverifiable information is another primary reason for mortgage loan denials, according to a 2020 analysis from the National Community Reinvestment Coalition, a national organization of community groups. Besides paystubs, tax returns, and W-2 income statements from your employer, lenders

San Bernardino American News, May 9, 2023, Over 80 Groups Tell Federal Regulators Key Bank Broke $16.5 Billion Promise Cross-Country Redlining Aided Wealthy White Communities While Excluding Black Areas  “If you or I break a promise to our bank, they hold us accountable with fees. When a bank breaks promises, the law says there are

PR Newswire, May 9, 2023, First Horizon Commits $50 Million To Its Communities Jesse Van Tol, President and CEO of the National Community Reinvestment Coalition, commented, “First Horizon has been a reliable, trusted partner for NCRC and many of our nonprofit members for years. We are thrilled that our communities will continue to benefit from the leadership

American Banker, May 8, 2023, With TD’s Acquisition Called Off, So Is Its Community Benefits Plan The five-year agreement with community groups, which was unveiled in February, was contingent on the completion of the merger, a TD spokesperson said in a statement. The bank will continue its dialogue with the National Community Reinvestment Coalition and