In the News

MPA, September 20, 2022, How to root out discrimination in the mortgage industry As the National Community Reinvestment Coalition (NCRC) explains on its website, the maps document how loan officers, appraisers and real estate professionals evaluated mortgage lending risk during the era immediately prior to the suburbanization surge of the 1950s. Neighborhoods considered high risk […]

WBUR, September 21, 2022, Banks saw opportunity during COVID, permanently shuttering 230 branches in Mass. Banks often close branches to save on expenses, but that’s not a service to their customers, said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a nonprofit based in Washington, D.C.

Yahoo, September 16, 2022, U.S. Bancorp and Mitsubishi UFJ Financial Group Extend Purchase Agreement As part of the planned acquisition of MUFG Union Bank, U.S. Bank announced in May 2022 a five-year community benefits plan (“CBP”), developed in coordination with the National Community Reinvestment Coalition and the California Reinvestment Coalition.

The National Law Review, September 16, 2022, In Depth: Summary of Notable Comments to Federal Banking Agencies’ Interagency Proposal to Update Community Reinvestment Act Rules The NCRC comment letter summarizes its position on major issues as: CRA exams must explicitly consider banks’ records in serving people of color and communities of color. Public input mechanisms

Financial Services, September 16, 2022, Chairwoman Waters Introduces Legislation To Strengthen The Community Reinvestment Act, End Modern-Day Redlining The “Making Communities Stronger Through the Community Reinvestment Act” is endorsed by the Association for Neighborhood and Housing Development, California Reinvestment Coalition, National Alliance of Community and Economic Development Associations (NACEDA), National Community Reinvestment Coalition, National Coalition

Yahoo!Finance, September 16, 2022, Civil Rights Organizations, Consumer Advocates, And Industry Leaders Unite To Launch ‘MoreThanFair’ Initiative To Improve Access To Affordable And Inclusive Credit Jesse Van Tol, President and CEO of the National Community Reinvestment Coalition, said: “We are encouraged by the prospect for meaningful engagement with industry and with other advocacy organizations. As

MSN, September 16, 2022, Big Investment Finally Coming To Allentown’s Riverfront Neighborhoods. Will Gentrification Come With It? Researchers Bruce Mitchell and Jason Richardson from the National Community Reinvestment Coalition, a nonprofit in Washington, DC focused on housing and poverty, developed a research model that measures levels of gentrification.

Bankrate, September 16, 2022, Banks Vs. Credit Unions: How To Decide Where To Keep Your Money Branches are closing rapidly: Alongside the rise of digital banking is the decline of branch-banking. Between 2017 and 2021, 9% of all bank branches in the US closed, according to a report by the National Community Reinvestment Coalition, a nonprofit

Brookings, September 16, 2022, Reducing Poverty Without Community Displacement: Indicators Of Inclusive Prosperity In US Neighborhoods No community Displacement. Our classification of community displacement is modeled off the definition used by the National Community Reinvestment Coalition. We defined neighborhoods as having no displacement if the actual number of people in each observed racial or ethnic

Austin Business Journal, September 16, 2022, 2 Austinites To Help PNC Bank Steer $88 Billion To Worthy Causes “Through the community advisory board, my hope is that we are able to guide PNC to a stronger tomorrow, and I think they are allowing us to help guide them in that process,” Hull said. Hull also

Huffpost, September 8, 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.

Patch, September 2, 2022, Bank Of America Offers Detroiters Zero down, Zero Closing Mortgages Moreover, a separate study found an alarming increase in the number of loan records that lacked demographic data on race and ethnicity. Furthermore, the National Community Reinvestment Coalition found that Black and Hispanic borrowers bought less valuable homes than White (and

NPR, September 4, 2022, What Bank of America’s mortgage pilot can and can’t fix for homeownership disparities “Even a 3% down payment on a home is a level of wealth or just spare cash that many families don’t have. And that will be disproportionately true for Black and Latino borrowers,” Jesse Van Tol, the president

The University star, September 2, 2022, Opinion: Gentrification will erode what we love about central Texas Gentrification will eliminate an area’s unique culture that its members hold dear. According to National Community Reinvestment Coalition, a key component of gentrification is the cultural replacement of an area. Local businesses housed in such an area have no choice but

The Nevada Independent, September 2, 2022, Las Vegas Council Hopefuls Want To Increase Police Budget, Focus On Housing Security The National Community Reinvestment Coalition defines gentrification as a process of redevelopment that increases the value of properties in areas suffering from prolonged disinvestment that can result in rising rents.