In the News

TipBlogg, October 4, 2022, The U.S. Is Still In For A Wild Economic Ride Despite Easing Inflation Dedrick Asante-Muhammad, the chief of membership, policy and equity at the National Community Reinvestment Coalition, said the Fed should not abandon its full employment mandate in its quest to tame inflation.

Ebony, October 5, 2022, New Social Media Challenge Highlights Importance of Fair Housing Practices To underscore the rampant discrimination still occurring more than a half-century after the passage of the Fair Housing Act, the National Community Reinvestment Coalition (NCRC) and the U.S. Department of Housing and Urban Development (HUD) have teamed up for a social

Housing Wire, September 30, 2022, Court tosses Trump-era HMDA reporting change “This ruling partially overturns a Trump-era rule that blocked a significant portion of the mortgage industry from reporting information about who they were approving and denying for loans,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition (NCRC), which filed

MPA, September 29, 2022, CFPB sued over unlawful mortgage transparency rule The National Community Reinvestment Coalition (NCRC) and its co-plaintiffs – Montana Fair Housing (MFH), Texas Low Income Housing Information Service (TxLIHIS), Empire Justice Center (EJC), and the Association for Neighborhood & Housing Development (ANHD) – asked the Texas federal court to restore the mortgage

DSNews, September 29, 2022, CFPB Accused of Exceeding Statutory Authority “People need to understand what this is really about,” said National Community Reinvestment Coalition (NCRC) President and CEO Jesse Van Tol in a release. “These large corporate interests are only suing because the CFPB has been so effective in protecting consumers from discriminatory and unfair practices.”

American Banker, September 29, 2022, Judge reverses Trump-era HMDA rule, forcing small mortgage lenders to comply “It’s really important that we have well-substantiated rules that can stand the test of time, whatever administration is in power,” said Brad Blower, general counsel at the National Community Reinvestment Coalition, one of five nonprofits that sued the CFPB.

Bankrate, September 28, 2022, Digital banking in 2022: Trends and statistics Between 2017 and 2021, 9 percent of all branch locations closed down, a loss of around 7,500 branches, according to the nonprofit National Community Reinvestment Coalition(NCRC). Many of these closures were propelled by the COVID-19 pandemic, during which the rate of branch closures doubled.

S&P Global, September 28, 2022, Rare condition in CBTX-Allegiance deal approval signals increased scrutiny ahead “There is a chance that the regulators would’ve caught this on their own and put in the condition either way,” Kevin Hill, Community Reinvestment Act manager at the National Community Reinvestment Coalition, said in an interview.

War History Online, September 23, 2022, Adrian Cronauer: The Charismatic Inspiration for ‘Good Morning, Vietnam’ Shockingly, in October 2014, complaints were filed against Cronauer and his law office, alleging the former DJ was involved in mortgage scams. According to the National Community Reinvestment Coalition (NCRC), he’d engaged in the scams while making it appear as

Smart Cities Dive, September 27, 2022, Austin, other US cities look to combat legacies of housing discrimination The NCRC is also watching federal efforts to update the Community Reinvestment Act, a 1977 law to curb discriminatory credit practices in low-income neighborhoods. The group wants the CRA’s enforcement mechanisms to more explicitly account for race.

National Mortgage News, September 26, 2022, Upstart says it’s improving AI models after report finds race approval disparities Upstart is part of a new organization called MoreThanFair focused on using technology to make lending more inclusive, while ensuring that AI models are “properly supervised and rigorously tested,” according to its website. The group, which launched this month,

Greater Greater Washington, September 26, 2022, Events: GGWash’s Fall Mixer is happening this Wednesday. Come join us! Join the National Community Reinvestment Coalition (NCRC) in this informative online event at 1:00 pm on September 29. They will provide critical information on the definition and application of the social determinants of health (SDOH) and how they can

CUtoday, September 21, 2022, Banks Need to be Subject to Greater Transparency, NAFCU Tells Congress Additionally, Mesack pointed to a study by the National Community Reinvestment Coalition, which revealed that more than 4,000 bank branches have closed since the start of the pandemic – a rate of over 200 branch closures per month.

Precinct Reporter News, September 22, 2022, Minority Entrepreneurship Report: More Money Could Help In another study, the National Community Reinvestment Coalition looked at discrimination in lending before COVID-19 and through the implementation of PPP lending. They found statistically significant disparities in how bank representatives discriminated in the small business loan process.

The American prospect, September 22, 2022, The Reinvestment Movement vs. the Bankers In 1990, local and state organizations that promote housing, community economic development, and banking services came together to form the National Community Reinvestment Coalition (NCRC), which now has more than 600 affiliates. NCRC provides national clout and expertise to monitor regulatory agencies, work