In the News

Green Sheet, July 29, 2022, U.S. Faster Payments Council issues new report The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published a new industry resource, Faster Payments and Financial Inclusion white paper. Sponsored by PSCU, the FPC Financial Inclusion Work Group developed […]

American Banker, July 26, 2022, Democrats revive bill to extend anti-discrimination law to bank customers of color The bill, the Fair Access to Financial Services Act, was first introduced in 2020 when the Senate was under Republican control. If passed, it would entitle “all persons” to the “full and equal enjoyment of the goods, services,

The Corvallis Advocate, July 31, 2022, Wyden, Merkley Reintroduce Bill Prohibiting Discrimination in Financial Institutions The bill has been endorsed by the National Urban League, the Leadership Conference on Civil and Human Rights, the Center for Responsible Lending, the National Community Reinvestment Coalition, UnidosUS, the National Consumer Law Center, and the Lawyers’ Committee for Civil

WisPolitics, July 27, 2022, U.S. Sen. Baldwin: Cosponsors legislation to fight discrimination from financial institutions Today, Senator Tammy Baldwin (D-WI) joined in introducing the Fair Access to Financial Services Act, a bill led by Senator Sherrod Brown (D-OH) to prohibit banks and other financial institutions from discrimination in providing goods or services on the basis of race, color, religion,

Portland Business Journal, July 20, 2022, Merging Northwest banks adopt $8.1 billion plan for underserved communities The plan, coordinated with the National Community Reinvestment Coalition, is subject to a planned merger and covers Jan. 1, 2023 through Dec. 31, 2027. It includes $3 billion to advance homeownership initiatives.

CityBiz, July 27, 2022, PNC Bank Launches Community Advisory Council With 17 New Members Appointed PNC Bank announced the formation of a new national Community Advisory Council (CAC) with the appointment of 17 members, who will provide ongoing guidance for the Bank’s community lending, investment, and service efforts in support of PNC’s four-year Community Benefits Plan.

National Mortgage News, July 29, 2022, 6 legal disputes for mortgage professionals to watch Movement Mortgage agreed to pay $75,000 to settle claims that a loan officer with the firm twice engaged in discriminatory practices. The complaints, filed by the National Community Reinvestment Coalition with the Department of Housing and Urban Development, claimed that Seattle-based

Denver7 360, July 12, 2022, Homelessness in Denver: An in-depth look into an ongoing crisis To illustrate how just much housing plays a part when it comes to homelessness, the MDHI report uses statistics from the National Community Reinvestment Coalition, which show Denver ranked second as the most gentrified city in the U.S. from 2013-2017,

BBC News, July 10, 2022, America’s race gap between black and white homeowners Ms Cox has the means to buy the $310,000 property she wants in Miami without a loan but her application was going nowhere fast. The bank questioned her income, requested additional bank statements and demanded she restart the process due to filing

Banking Dive, July 15, 2022, BMO, community groups square off at merger hearing Jesse Van Tol, CEO of the National Community Reinvestment Coalition (NCRC), warned the merger may amp up concentration in the banking sphere. “The largest banks in the country were built one acquisition at a time through combinations just like this one,” he

Shelterforce, July 14, 2o22, Proposed CRA Rule Receives Mixed Reviews from Housers The regulatory agencies are accepting public comment through Aug. 5 and can make more changes before the rule is finalized. The National Housing Conference, National Community Reinvestment Coalition (NCRC), and other groups are preparing detailed suggestions for further improvements. Advocates say they fear

DCist, July 18, 2022, 12 Virtual And IRL Things To Do Around D.C. This Week FILM SCREENING: Head to National Community Reinvestment Coalition’s Just Economy Club for a screening of the documentary, Barry Farm: Community, Land & Justice in Washington, DC. The film tells the story of the historic housing development as well as displacement,

Southwest Times Record, June 14, 2022, Affording Fort Smith: Rental market pushes low-income families to the brink Substandard housing, often within the price range of low-income families, can include risks to physical and mental health. A 2019 report from the National Community Reinvestment Coalition examined the risks of substandard housing including exposure to asbestos, lead

The Columbus Dispatch, July 8, 2022, Former Olympic hurdler: Racial disparities keeping Columbus’ Black babies from breaking the tape National Community Reinvestment Coalition research also found that Black business owners were more likely to be denied Paycheck Protection Program loans than white-owned firms with similar profiles. So, disparities in every measure of what makes a

Green Market Report, July 6, 2022, Dispensaries Like Bank Buildings, But It’s Not the Vaults Bank buildings are becoming attractive locations for cannabis dispensaries, but fortified vaults aren’t the reason. The banking industry has been closing bank branches by the thousands. According to the National Community Reinvestment Coalition, 9% of all branch locations in the