The mid-20th Century Black freedom struggle has yet to attain its aims. Political and economic reforms are necessary to jump-start progress on racial equality that has been stalling for the last over 50 years. Taking down barriers to voting is an important part of these reforms.
The Need for Black Electoral and Economic Power Read More »
Since the pandemic reached our shores in March 2020, 4,025 branches have closed — an average of 201 branch closures per month. This was beyond our prediction and calls into question the future of bank branches as the principal conduit for access to financial services.
Study: Banks doubled the pace of branch closures during the pandemic Read More »
In the ten years from March 2010 through March 2020, there was a net loss of 11,820 branches in the US, an average of 98.5 per month. Since the pandemic reached our shores in March 2020, 4,025 branches have closed — an average of 201 branch closures per month. This was beyond our prediction and calls into question the future of bank branches as the principal conduit for access to financial services.
The Great Consolidation of Banks and Acceleration of Branch Closures Across America Read More »
Online Event Archive Recorded Monday, February 14, 2022 The National Community Reinvestment Coalition (NCRC) hosted an online conversation with Acting Comptroller of the Currency Michael Hsu and NCRC President and CEO Jesse Van Tol. They talked about the Community Reinvestment Act (CRA) and the importance of banks meeting the needs of their communities, the racial
Video: A conversation with OCC Acting Comptroller Hsu Read More »
The United States has too often hindered Native American advancement, not advanced it. Through years of intentional governmental policies that removed lands and resources, American Indians have been separated from the wealth and assets that were rightfully theirs.
Racial Wealth Snapshot: Native Americans Read More »
(Download) February 4, 2022 RE: NCRC Comment Letter on Figure Bank’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) and 36 community organizations co-signing this letter maintain that Figure Bank’s application for a charter has not demonstrated a significant commitment to meeting the convenience and needs of the community to
NCRC Comment Letter on Figure Bank’s Charter Application Read More »
(Download) February 4, 2022 The Honorable Martin Gruenberg Acting Chairman Federal Deposit Insurance Corporation 1776 F Street, NW Washington, DC 20006 Rohit Chopra, Director Consumer Financial Protection Bureau 1700 G Street, NW Washington, DC 20220 Michael Hsu, Acting Comptroller Office of the Comptroller of the Currency 400 7th Street, SW Washington, DC Dear Acting Chairman
Advocates Submit Letter to FDIC To Stop Banks From Fronting For Predatory Lenders Read More »
(Download) Senator Sherrod Brown Chairman U.S. Senate Committee on Banking, Housing, and Urban Affairs 534 Dirksen Senate Office Building Washington, D.C. 20510 Dear Chairman Brown, The National Community Reinvestment Coalition (NCRC) and the undersigned organizations would like to express strong support for the nomination of Sarah Bloom Raskin to serve as Vice-Chair of Supervision for
NCRC Letter in Support Of Federal Reserve Nominees Read More »
Online Event Archive Recorded Wednesday, January 26 2022 During the pandemic, relief efforts led to historically low interest rates. NCRC just published a new report on mortgage lending data from 2020, and who reaped the benefits of historically low rates. Hear from the authors of the report, and dig into where mortgage capital flowed as
Video: Home Mortgage Lending During the Pandemic Webinar Read More »
(Download) January 21, 2022 RE: Request for Public Comment, HMDA Assessment, Docket No. CFPB-2021-0018 To Whom It May Concern: The 54 undersigned organizations extol the value of the new and enhanced Home Mortgage Disclosure Act (HMDA) variables added by the 2015 final rule issued by the Consumer Financial Protection Bureau (CFPB). The Dodd-Frank Wall Street
Group letter on CFPB’s RFI on HMDA Read More »
(Download) January 20, 2022 Robert E. Feldman Executive Secretary Federal Deposit Insurance Corporation 1776 “F” Street, NW Washington, DC 20006 Dear Members of the Board of Directors of the Federal Deposit Insurance Corporation: The National Community Reinvestment Coalition (NCRC) and its undersigned member organizations express their support for the Federal Deposit Insurance Corporation’s (FDIC) action to
Since the inception of the mid-20th century Civil Rights era and the implementation of racially blind laws such as the Community Reinvestment Act, we can point to little progress in bridging wealth and homeownership disparities.
NCRC 2020 Home Mortgage Report: Examining Shifts During COVID Read More »
(Download full comment) Introduction January 4, 2022 RE: Docket No. CFPB-2021-0015, Section 1071 Small Business Lending Data Collection To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates this opportunity to comment on the proposed rule for reporting and disseminating small business loan data required by Section 1071 of the Dodd Frank Wall
NCRC Comment on Proposed Section 1071 Small Business Lending Data Collection Read More »
(Download) December 22, 2021 Comment regarding proposed amendment to 3 NYCRR 76 compliance with Community Reinvestment Act Requirements To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), an association of 600 community organizations dedicated to increasing access to credit and capital for traditionally underserved communities, commends New York State for amending its banking
NCRC Comment on NY State amendment to CRA concerning small business lending data Read More »
(Download) December 21, 2021 Rohit Chopra Director Consumer Financial Protection Bureau 1700 “G” St. NW Washington, DC 20552 Docket No. CFPB-2021-0017: Notice and Request for Comment Regarding the CFPB’s Inquiry into Big Tech Payment Platforms Dear Director Chopra: The National Community Reinvestment Coalition (NCRC) is an association of more than 600 community-based organizations that work
NCRC Calls on CFPB to Prioritize Needs of Consumers and Small Businesses Above Big Tech Read More »
