In the News

The Seattle Times, November 2, 2022, Some Seattle banks thrived in pandemic by axing single-family loans Meanwhile, pressure to control costs, combined with a lingering pandemic labor shortage and the popularity of online banking, has accelerated a trend toward branch closures. (About 45% of customers prefer mobile banking, according to a new industry survey.)  Seattle alone […]

Market Watch, October 28, 2022, Property appraisers valued an interracial couple’s home at $310,000 when they met the Black homeowner — but gave their white partner a $350,000 valuation Interracial couples were assigned different appraisal values for their homes in the Baltimore, Md., area depending on the skin color of the partner who greeted the

Yahoo, October 28, 2022, The Power of Partnership: 5 Ways Wells Fargo Is Tapping into The Community to Help Break Systemic Barriers to Financial Wellness What is an initiative without a task force? Wells Fargo launched a task force to bring the community’s voice to the table, offer honest feedback on the bank’s initiatives and

CU Collaborate, October 26, 2022, NCRC: ‘Mystery Shopper’ Study Shows Bias in Appraisal Industry Having employed “mystery shoppers” in an investigation, the National Community Reinvestment Coalition reported Tuesday that racial bias continues to plague the home appraisal industry.

Non Profit News, October 26, 2022, How DC Can Leverage the Tenant Right to Purchase to Achieve Housing Justice A 2019 report from the National Community Reinvestment Coalition indicated what many District residents already suspected—namely, that Washington, DC, had the highest percentage of gentrifying neighborhoods of any US city.

The Tennessee Tribune, October 27, 2022, Tests Find Detailed Evidence of Racial Discrimination in Home Appraisals  Real estate appraisers inflicted discriminatory treatment on Black homeowners in a pioneering new “mystery-shopper” investigation, the National Community Reinvestment Coalition (NCRC) announced recently.

Ebony, October 26, 2022, Investigation Shows Discriminatory Treatment Of Black Homeowners In Home Appraisals And now an investigation by the National Community Reinvestment Coalition (NCRC) highlights another discriminatory tactic being practiced within the market—home appraisals.

The Observer, October 13, 2022, Capitol Hill Committee Questions Bank Branch Closures in Black America Research by the National Community Reinvestment Coalition documents how still shrinking numbers of bank branches in Black and other communities of color diminish the economic futures of communities already reeling from a lack of sustained investment and redevelopment in its

Legal Newsline, October 13, 2022, CFPB’s loosening of rules ‘arbitrary and capricious’ Five nonprofit groups including the National Community Reinvestment Coalition as well as the City of Toledo challenged the change, saying the CFPB failed to consider all the costs associated with the regulatory loosening.

Banking Dive, October 12, 2022, Edward Jones withdraws ILC charter application Ford in July pitched its ILC concept as a way to focus on auto-related lending and help it promote adoption of electric vehicles in the U.S. But four consumer groups called that effort disingenuous, adding it leaves consumers open to privacy violations. “Ford Motor EVs are

Dodd Frank Update, October 11, 2022, NCRC and HUD launch fair housing social media campaign The National Community Reinvestment Coalition (NCRC) and the U.S. Department of Housing and Urban Development have partnered to launch the #WelcomeMe #FairHousingMatters selfie challenge to raise awareness of housing discrimination.

American Banker, October 10, 2022, Big banks, nonbanks largely absent from FHFA’s Home Loan bank inquiry Banks may have another reason not to increase deposits: Community Reinvestment Act obligations increase when deposits rise, said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition. 

The Louisiana Weekly, October 10, 2022, Bank branch closures in Black America: Key Capitol Hill committees question reasons, effects Research by the National Community Reinvestment Coalition (NCRC) documents how still shrinking numbers of bank branches in Black and other communities of color diminish the economic futures of communities already reeling from a lack of sustained

Business Insider, October 7, 2022, Banks are abandoning their real estate faster than ever, to the delight of developers Since the pandemic began, financial institutions have been shedding branches at double the pace of the 2010s, as remote work and digital banking reduce demand for retail services, according to data from CBRE and the National

City Biz, October 7, 2022, Baltimore Community Lending Raises $3 Million From PNC PNC Bank, whose parent company is PNC Financial Services Group(NYSE: PNC), took a big step toward increased community lending in 2021, when it pledged $88 billion over a four-year period for a Community Benefits Plan in partnership with the National Community Reinvestment Coalition.