Bank Branch Changes – Fair Lending Report
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Summary Fact Sheet on the OCC and FDIC CRA Proposed Rule
In the words of dissenting Federal Deposit Insurance Corporation (FDIC) Board member Martin Gruenberg, the FDIC and the Office of the Comptroller of the Currency’s (OCC) Notice of Proposed Rulemaking (NPRM) on the Community Reinvestment Act (CRA) “is a deeply misconceived proposal that would fundamentally undermine and weaken the Community Reinvestment Act.” The agencies would
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NCRC Letter to CFPB Director Requesting Significant Improvement in the Public Dissemination of HMDA Data
December 9, 2019 Ms. Kathy Kraninger Director Consumer Financial Protection Bureau 1700 G. St. NW Washington DC, 20552 Dear Director Kraninger: Widely available and accessible Home Mortgage Disclosure Act (HMDA) data has been instrumental to achieving the statutory purpose of HMDA of assessing whether lending institutions are serving the housing and credit needs of communities.
Diverse coalition issues joint statement on proposed changes to Community Reinvestment Act
10 national civil rights and economic justice leaders, including NCRC, issue a strong statement against the government’s plan to weaken the Community Reinvestment Act
NCRC CEO Jesse Van Tol statement on FDIC, OCC Notice of Proposed Rulemaking for Community Reinvestment Act
Today, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released a notice of proposed rulemaking (NPRM) for changes to the Community Reinvestment Act (CRA). While the National Community Reinvestment Coalition (NCRC) is currently analyzing the NPRM, preliminary assessments are concerning. Jesse Van Tol, CEO of NCRC, made
NCRC’s comment on reporting of data on loans to small businesses and farms
(Download) December 9, 2019 RE: Docket ID OCC-2019-0021, Loans to Small Businesses and Small Farms To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), an association of more than 600 community-based organizations that promote access to basic banking services, affordable housing, entrepreneurship, job creation and vibrant communities for America’s working families, suggests that
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ISSUE BRIEF: FinTech and Older Adults
Introduction Fintech, or “financial technology,” is an industry on the rise to assist in personal financial management and documentation in order to increase monetary security and reduce fraud and exploitation. The fintech industry utilizes specialized software and algorithms on electronic devices, such as computers and mobile phones, to detect unusual spending activity. This fairly new
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Milwaukee Neighborhood News Service: OPINION: There’s new-found momentum for affordable homeownership in Milwaukee. Let’s not mess it up, local and state leaders.
Nationwide, 64% of Americans own their homes. In Milwaukee, merely 52% do. And the challenges are substantially greater for lower-income households and people of color. The differences are as plain as black and white – literally.
USA Today: Black households can afford just 25% of homes for sale, down from 39% in 2012
The share of African Americans who own their homes fell from 43.8% in early 2012 to 40.6% in the second quarter, according to the U.S. Census Bureau. By contrast, the white homeownership rate has edged down slightly, from 73.5% to 73.1%. In 2004, during the housing boom, nearly half of black people owned their homes.
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National Mortgage News: Median sale price of Twin Cities home hits a record in October
Entry-level home buyers outnumbered sellers in the Twin Cities metro in October, boosting prices and stifling sales of houses priced at less than $300,000. For those willing to spend more than that, it was a radically different story — sales and listings of move-up properties increased double-digits.
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DS News: Rising Rates for Minority Homeownership
Census Bureau’s Housing Vacancies and Homeownership Survey show minority homeownership rate rose 0.9% to 48.3% during Q3 2019.
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Racial Wealth Snapshot: American Indians/ Native Americans
Native Americans and the Racial Wealth Divide 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 was rightfully theirs. Thus Native Americans, which refers to people from any of the
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