In the News

The New York Times, September 2, 2022, Bank Of America Tests No-Down-Payment Mortgages In Black And Hispanic Neighborhoods According to the National Association of Realtors, a trade association for real estate professionals, the pandemic exacerbated the racial homeownership gap, with rising housing prices and low supply affecting Black households more than any other racial group. In […]

Banking Dive, September 2, 2022, Ford ILC Application Gets Pushback From ICBA, Consumer Groups The four consumer groups — the National Community Reinvestment Coalition, the National Consumer Law Center, Americans for Financial Reform Education Fund and the Center for Responsible Lending — called the company’s bid to use the charter to promote the electrification of its car

Diversity Plus, August 30, 2022, U.S. Small Business Administration, Small Business Majority Announce New Collaboration & Webinar Series To Help The Small Business Community Navigate Today’s Economic Challenges The first webinar in this series is scheduled for Tuesday, September 6, titled “How to Combat Inflation as a Small Business Owner.” This session will provide an

American Banker, August 30, 2022, Consumer Groups Urge FDIC To Reject Ford’s ILC Application The National Community Reinvestment Coalition, the National Consumer Law Center, Americans for Financial Reform Education Fund and the Center for Responsible Lending said in a letter to the FDIC that allowing Ford to own a bank would open the door for

Nonprofit Quarterly, August 30, 2022, Reclaiming Public Tax Dollars: An Economic Justice Movement Gains Strength The National Community Reinvestment Coalition (NCRC) often likes to say that “data drives the movement.” NCRC is referring to the role of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act(CRA) in enabling communities to alter bank behavior, increasing lending and

La Opinión, August 30, 2022, Marisa Calderón; Líder En El Sector Inmobiliario Y Apasionada Por Mejorar La Vida De Los Latinos Y Personas De Color Marisa Calderón, directora ejecutiva del NCRC Community Development Fund (NCRC CDF), es una ejecutiva experimentada que ha sido reconocida, premiada y citada a nivel nacional por su experiencia en las

The Baltimore Banner, August 30, 2022, For Decades, African American Communities Have Been Without Enough Local Banking Storefronts While Northwood and Mondawmin get new banking opportunities, a general decline in the use of storefront banks has exacerbated the problem with most banking deserts. The National Community Reinvestment Coalition found that two-thirds of banking institutions in the U.S.

Shelterforce, August 30, 2022, Developing Radical Goals For Black Homeownership: An NCRC Panel Discussion Miriam Axel-Lute, Shelterforce’s CEO and editor-in-chief, moderated a panel at the National Community Reinvestment Coalition’s Just Economy Conference in June. The panel, titled “Developing radical goals for Black homeownership and access to affordable housing,” addressed the question of what can be done to significantly advance

Capital Analytics Associates, August 16, 2022, Revitalizing investment in overlooked Philadelphia communities through neighborhood-focused development According to a new study by the National Community Reinvestment Coalition, Philadelphia was among the Top 20 most gentrified cities before the pandemic. However, studies from the Federal Reserve Bank of Philadelphia have found that gentrification is not necessarily harmful for the original residents.

Bankrate, August 16, 2022, What are Hispanic American-owned banks and how can you support them? While the federal government prohibited redlining in 1968 with the Fair Housing Act, its effects are still felt today. Nearly three-quarters (74%) of areas that were redlined — discriminated against by lenders — are low-to-moderate income today, according to a study

American Banker, August 8, 2022, Banks hint at legal challenges to CRA rewrite The National Community Reinvestment Coalition asks that the CRA explicitly consider bank activity by race or ethnicity — a request that would be legally tricky. The bank regulators’ proposal sidesteps this issue by calling for large banks to disclose the racial and

ecoRI News, August 8, 2022, Mind the Gap: R.I.’s Affordable Housing Stock Fails to Meet Need A 2018 study by the National Community Reinvestment Coalition examined how neighborhoods were evaluated for lending risk by the HOLC, and compares their recent social and economic conditions with city-level measures of segregation and economic inequality. The study revealed:

E&E News, August 5, 2022, Anti-redlining law could soon account for climate change “It’s really intended to redress a whole history of disinvestment,” said Jesse Van Tol, the president and CEO of the National Community Reinvestment Coalition, which advocates for lenders to invest more in low-income communities. “The reinvestment part of CRA comes in because

Politico, August 9, 2022, Deflating expectations In public comments on proposed changes to the Community Reinvestment Act, a law aimed at combating racism in lending, groups are pushing the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. to expand the list of climate-related activities that banks can get credit

Bloomberg Law, August 9, 2022, Banks Fear Top Grades Out of Reach in Community Lending Rewrite Around 90% of banks receive a satisfactory grade and another 10% get outstanding grades, according to a comment letter from the National Community Reinvestment Coalition, an organization that advocates for fairness in lending. The law would be more effective