May 29 2019 RE: NCRC Comment Letter on Robinhood’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that Robinhood’s charter application has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required by the Community Reinvestment Act (CRA) and the […]
NCRC comment letter on Robinhood’s charter application Read More »
On April 11, 1968, following Martin Luther King Jr’s assassination, Congress passed the Fair Housing Act (FHA) which was designed to secure the right to housing no matter their race, color, national origin, disability, familial status, sex or religion. The FHA protects people from discrimination when they are renting or buying a home, getting a
Unfair housing under the Trump administration Read More »
A previous NCRC analysis found that, overall, a higher percentage of banks made a higher percentage of home loans to low- and moderate-income (LMI) borrowers and communities than non-banks and credit unions. However, access to home loans is only half the battle. We also need to have information on the affordability of loans to get
An examination of high-cost lending by banks, non-banks, credit unions Read More »
Downtown areas in many economically vibrant and changing cities across the United States are being rapidly gentrified, according to a new study by the University of Minnesota School of Law. The study, “American Neighborhood Change in the 21st Century: Gentrification and Decline,” also found that neighborhoods in the inner-ring suburbs of these same cities, built
American neighborhood change in the 21st Century Read More »
Fair housing testing and analysis can be used to address issues of environmental and racial justice as well as enforce fair housing laws and industrial safety rules.
Testimony of Jesse Van Tol, CEO, National Community Reinvestment Coalition, April 25, 2019, in Charlotte, North Carolina, at a hearing on the proposed BB&T/SunTrust bank merger with the Federal Reserve Board and Federal Deposit Insurance Corporation. Thank you for the opportunity to testify here today. My name is Jesse Van Tol, and I am the
NCRC CEO testifies on BB&T/SunTrust merger Read More »
(Download) Statement of the National Community Reinvestment Coalition U.S. House Committee on Financial Services Subcommittee on Housing, Community Development and Insurance May 8, 2019 Chairman Clay, Ranking member Duffy and members of the Subcommittee on Housing, Community Development and Insurance: The National Community Reinvestment Coalition (NCRC) commends you for holding this review on the state of and barriers
A review of the state of barriers to minority homeownership Read More »
A grassroots movement took hold in Downtown Silver Spring, Maryland, over 10 years ago with the sole purpose of creating an economically, racially and culturally diverse “suburban” town center. This community continues to emerge “as the place to be” for people at all income levels. In December 2001, Downtown Silver Spring successfully earned its Arts
Mobile Session: Equity in Art Read More »
As we all work to further develop our local neighborhoods, we must ensure that the long-term residents and businesses of rising communities can afford to live and enjoy the benefits of our work to create a #JustEconomy. This session will go over strategies to prevent displacement that have been successfully used by groups around the
Strategies for preventing displacement Read More »
In 2018, NCRC and hundreds of its members led a nationwide campaign called #TreasureCRA, urging the administration and the federal bank agencies to strengthen the Community Reinvestment Act (CRA). We still have big questions about the changes needed to keep pace with technology and the transforming financial industry. We will have a lively discussion among
What’s next in Community Reinvestment Act reform? Read More »
Poverty is an overwhelming risk factor for poor mental health. Healthy communities often focus on the connection between physical health and place. Far fewer have connected place to mental, emotional and behavioral well-being. Local efforts from Oakland to Baltimore illustrate the community-wide health equity benefits of cross-sector partnerships – such as trauma-informed systems, reduction of
There is no wealth without mental health Read More »
Recent deregulation has caused a return of predatory products flooding the marketplace, including NINJA financing and auto, payday and PACE loans with exorbitant pricing. These products continue to be problematic for borrowers and prey on LMI and communities of color. We will explore how these products can continue to be prevalent 10 years after the
Yep, predatory lending still exists Read More »
Introduction As the federal bank agencies consider Community Reinvestment Act (CRA) reform, data on the patterns of lending to low- and moderate-income (LMI) borrowers and neighborhoods will help inform needed changes. For example, if non-banks not covered by CRA were found to be making significantly higher percentages of loans to LMI borrowers or neighborhoods than
Home lending to LMI borrowers and communities by banks compared to non-banks Read More »
The Community Reinvestment Act: Assessing the Law’s Impact on Discrimination and Redlining Introduction: Public input and accountability are the keys to CRA’s success I thank Chairman Meeks and the members of this subcommittee for providing me the honor of testifying this morning regarding the Community Reinvestment Act’s (CRA) impact in combating discrimination and redlining.
There is a little known public database of complaints about financial institutions that is garnering a lot of criticism from some banks and regulators. Despite this criticism, highly valuable information can be gleaned from these complaints that can help banks and other financial institutions better serve their customers. In 2010, when the Dodd-Frank Wall Street
The CFPB’s consumer complaint database tells a story about our economy we need to hear Read More »
