NCRC

It’s time to end GSE conservatorship, but not their affordability goals.

By / / Press Releases / 2 minutes of reading

WASHINGTON, D.C. –  Today the House Financial Services Committee Chairman, Jeb Hensarling (R-TX), unveiled a bipartisan bill to reform the government-sponsored housing enterprises (GSEs). In a press release, Hensarling vowed to end the conservatorship of Fannie Mae and Freddie Mac by winding them down completely. Hensarling’s press statement fails to mention any efforts to tackle […]

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Forecast: Banking rule changes could reduce lending in poor neighborhoods by $105 billion

By / / Press Releases / 2 minutes of reading

WASHINGTON, D.C. – A new forecast projects that changes to the Community Reinvestment Act could reduce lending in lower-income communities up to $105 billion dollars in the next five years. The forecast by researchers at the National Community Reinvestment Coalition comes as the Trump administration considers ideas pushed by banks to change enforcement of the

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NCRC analysis of the advanced notice of proposed rulemaking (ANPR)

By / / Policy / 19 minutes of reading

On August 28, the Office of the Comptroller of the Currency (OCC) issued an Advance Notice of Proposed Rulemaking (ANPR) concerning the Community Reinvestment Act (CRA). The ANPR does not propose specific changes to the regulation implementing CRA. Instead, the OCC describes concepts or frameworks for changing CRA and poses several questions regarding the effectiveness

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NCRC forecast: Weakening the Community Reinvestment Act would reduce lending by hundreds of billions of dollars

By / / Research / 1 minute of reading

NCRC used data collected under the Community Reinvestment Act (CRA) and the Home Mortgage Disclosure Act (HMDA) for the years 2012 through 2016 to calculate the sum of loan amounts made during this period for every census tract in the United States. Building upon the work of research in academia and the Federal Reserve, we

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Charting the future course of Age-Friendly Banking

By / / Views / 16 minutes of reading

Living Longer: We Need Age-Friendly Banking Like most institutions, the American banking system must evolve to meet current needs.  Although we all age, and although people on average are living longer and healthier lives, our society has yet to adjust for this substantial demographic shift.  Age-Friendly Banking is a set of recommendations that NCRC has

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OCC to review Community Reinvestment Act; Changes could impact billions in loans and investments annually

By / / Press Releases / 3 minutes of reading

WASHINGTON, D.C. – Today, The Office of the Comptroller of the Currency (OCC) released an Advanced Notice of Proposed Rulemaking to change how banks are tested for compliance with the Community Reinvestment Act (CRA). The 1977 law requires banks serve the needs of all communities in which they are chartered to do business. The OCC

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Disparate impact reconsideration comments

By / / Testimony & Regulatory Comments, Policy / 17 minutes of reading

August 20, 2018 Regulations Division, Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0001 Re: Docket No. FR-6111-A-01 Advanced Notice of Proposed Rulemaking Reconsideration of HUD’s Implementation of Fair Housing Act’s Disparate Impact Standard   Dear Assistant Secretary Farias: On behalf of

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An old American struggle, always new

By / / Views / 7 minutes of reading

My daughter will be attending college near Charlotte, North Carolina, in the fall. As part of her orientation, the college asks all incoming freshmen to read a common book. This year, the book was Color and Character by North Carolina historian Pamela Grundy, a story about the struggle for integration and educational equity in Charlotte, North

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NCRC analysis of OCC bulletin 2018-17

By / / Testimony & Regulatory Comments / 8 minutes of reading

Supervisory Policy and Processes for Community Reinvestment Act Performance Evaluations OCC bulletin 2018-7 describes a number of technical and methodological issues concerning designation of assessment areas, data used on Community Reinvestment Act (CRA) exams, and scheduling of exams.[1] While this may seem technical in nature, the examination procedures outlined in the bulletin can have a

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Testimony of Stella Adams before the New York State Senate Democratic Conference

By / / Testimony & Regulatory Comments / 16 minutes of reading

June 8, 2018 Senator Sanders, members of the Committee,  my name is Stella Adams, and I serve as the Chief of Equity and Inclusion for the National Community Reinvestment Coalition, more commonly known as NCRC. NCRC creates, implements, and supports long-term solutions and strategies that build community and promote individual economic well-being. The programs of

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The importance of CRA assessment areas and bank branches

By / / Research / 14 minutes of reading

In 1977, Congress enacted the Community Reinvestment Act (CRA) and required federal bank agencies to assess the record of banks in meeting needs for credit and banking services in communities in which banks are chartered. The federal bank agencies responded by creating CRA examinations that assessed banks’ performance in geographical areas containing bank branches and

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Banking and financial services for a dementia-friendly america

By / / NCRC Programs / 4 minutes of reading

Created in partnership with: According to a Fidelity Investment survey of financial advisors, 84 percent of respondents said they had clients with dementia and 96 percent of respondents said they do not feel prepared for this population. In a dementia friendly community, banks and financial services are aware of dementia and responsive to the individual

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NCRC comment on CFPB fair lending reviews and supervision

By / / Testimony & Regulatory Comments / 10 minutes of reading

Docket No. CFPB-2018-0004 Effectiveness and Efficiency of Supervision Program To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), a coalition of more than 600 community-based organizations, urges the CFPB to make the fair lending review process more transparent and to better facilitate community group input in the process. This letter represents the views

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