Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.
After the Senate passed its Dodd-Frank reform bill Wednesday night, sending it to the House to be voted on, experts began to voice their opinions of the bill – but no one agrees.
Community banks and consumer advocates are clashing over a provision in the Senate banking bill on mortgage data reporting, but there’s been little vetting of what the measure would actually do.
American Banker: Will HMDA data carve-out for small banks make discrimination easier? Read More »
Bill would weaken the government’s ability to enforce fair lending requirements, making it harder to root out predatory lenders.
The eventual pick will likely encounter heavy scrutiny from senators and, if confirmed, would take the helm of an agency still defined by turmoil nearly seven years after its creation.
American Banker: Five questions for CFPB nominee to replace Mulvaney Read More »
Regulators are working intently on a proposal to reform how they apply the Community Reinvestment Act after previous attempts to modernize CRA policy drew mixed reviews.
American Banker: Will CRA finally get its makeover? Read More »
Banking, student loans, and more — all have been affected by the regulatory pullback.
A new report finds racial inequality persists 50 years after the Civil Rights Act of 1968.
Aaron Klein looks at what is to like and not like in a bipartisan bill to amend Dodd-Frank.
Brookings: Bipartisanship in banking is back Read More »
According to a report published Wednesday by McKinsey, a consultancy, one area of the world where the banking industry is flourishing is Africa.
USA Today: Africa’s banks are doing what U.S. banks aren’t: Winning Read More »
We need bipartisan support to end discrimination in lending, not to hide the data that exposes it. Read John Taylor and Marc Morial’s opposition to S. 2155, the #BankLobbyistAct.
NCRC has secured a grant from the W.K. Kellogg Foundation to probe banks’ small-business lending practices. It follows a 2017 pilot study in which the group found that white shoppers posing as business owners were three times more likely to be invited for follow-up appointments than their black counterparts and twice as likely to be offered help in completing loan applications.
American Banker: Mystery shoppers search for signs of discrimination in business lending Read More »
Wells Fargo & Co. Chief Executive Officer Tim Sloan said last year that a wholesale makeover of his board would be “crazy.” Well, now it’s happening.
Bloomberg: Wells Fargo CEO confronts board overhaul he once called ‘crazy’ Read More »
A number of civil rights and affordable housing groups, including NCRC, criticized the Fannie, Freddie reform bill as an “ill-conceived approach [that] places the risk on the backs of the hardworking families who already rescued the big banks.”
The Consumer Financial Protection Bureau stripped the Office of Fair Lending of its enforcement powers. John Taylor, President and CEO of the National Community Reinvestment Coalition said, “I am appalled to see one of the most effective offices within the CFPB stripped of responsibility to stop redlining, predatory lending, and other discriminatory behavior by financial firms.”
For years, banks have been fighting these requirements to lend to underprivileged people — and President Trump is listening as he continues his war on regulation. The irony is that these rules benefit the same “blue-collar people Donald Trump maintains he represents.
CNNMoney: Trump may weaken ‘outdated’ rules that force banks to lend to the poor Read More »
