In the News

AlJazeera, February 20, 2024, US Banking Giant Capital One to Buy Discover Financial For $35.3bn Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, said the acquisition would likely raise concern among regulators, including the Federal Trade Commission and Consumer Financial Protection Bureau “Retailers might also oppose? I can’t think of [a] bank […]

NPR, February 15, 2024, Why Banks Are Fighting Changes To An Anti-Redlining Program MA: This is Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a group that advocates for equitable housing policy. He says not only did the FHA discourage banks from lending in neighborhoods where mostly people of color lived. It also

The Christian Science Monitor, February 14, 2024, Why Boston’s Wealth Back Bay Said Yes, In Our Backyard In the United States, Boston is the third-most-expensive city for renters, according to January data from the rental platform Zumper. In 2020, Boston was ranked the third-most-gentrified city, according to a study by the National Community Reinvestment Coalition.

Ohio Wesleyan University, February 14, 2024, Ten Ohio Wesleyan Students, Employees Earn 2023-2024 Diversity, Equity, And Inclusion Grants First-year students Ella Lazare of Oakland, California, and Daniela Flores of Norristown, Pennsylvania. They are using their grant to attend the Just Economy Conference 2024, sponsored by the National Community Reinvestment Coalition (NCRC) and widely considered the leading national conference on

NPQ, February 13, 2024, Improvisation Over Strategy: What Nonprofit Managers Can Learn from Theater SD: At a National Community Reinvestment Coalition Conference last year, you mentioned you majored in sociology and theater. That does not seem to be a typical background for a CDFI leader. Can you talk about how you made that journey and

Daily Journal, February 10, 2024, First Financial Bank Announces Community Benefits Agreement First Financial Bank has entered into a new $2.4 billion, five-year community benefits agreement with the National Community Reinvestment Coalition and related partner organizations, establishing goals for lending and investments to low- and moderate-income clients and census tracts. The new agreement follows the

Upstate Business Journal, February 11, 2024, TD Bank Announces $20B Community Impact Plan For 14 States, Including SC TD Bank recently announced a three-year community impact plan to provide an estimated $20 billion in support to diverse and underserved communities. The plan was developed with insight from the National Community Reinvestment Coalition. Its strategy is to target communities

Knau, February 9th, 2024, Report Highlights Lack Of Access To Bank Loans On Navajo And Hopi A report from the National Community Reinvestment Coalition highlights the difficulty of getting bank loans on the Navajo and Hopi nations. The authors say a lack of access to banking services has profound effects on housing, business, and public

American Banker, February 7, 2024, For Banks, Now Is A Good Time To Sue Your Regulator Over CRA Consumer advocates like Jesse Van Tol, CEO and president of the National Community Reinvestment Coalition — a group that has long advocated for revised CRA rules — said the banking industry’s opposition to revitalizing a civil rights law undercuts

El Tiempo Latino, February 6, 2024, TD Bank Announces A $20 Billion Investment In A Community Impact Plan But it’s not just about developing these initiatives; organizations like NCRC are involved in various ways to structure and execute the programs. Jesse Van Tol, president and CEO of the institution, comments: “All banks should set ambitious

App State TailGate, February 6, 2024, Banking Trade Groups File Lawsuit Against Federal Regulators Over Redlining Reversal Efforts In response to the lawsuit, Jesse Van Tol, president of the National Community Reinvestment Coalition, expressed disappointment with the banking industry’s actions, stating, “The banking industry is showing its true colors. Nobody should believe them when they

Axios, February 7, 2024, Banks Sue Their Regulators Over New Fair Lending Rules “This is a short-sighted move by a relatively small but well-resourced group of banks,” said Jesse Van Tol, the president of the National Community Reinvestment Coalition, in a statement.

TIME, February 1, 2024, How We Chose The Closer “Oftentimes the frame is, ‘Oh, we’re not where we want to be, but we’re getting there,’” Dedrick Asante-Muhammad, vice president of racial economic equity, research, and workforce development at the National Community Reinvestment Coalition, told TIME. “And for 20 years I have been trying to highlight, ‘No,

Nature, February 5, 2024, Gentrification Increases Risk Of Tick-Borne Disease For Communities Of Colour Gentrification consists of neighbourhood developments that usually result in economic and, in most cases, demographic changes that mainly displace socioeconomically disadvantaged individuals and people of colour who reside in historically disinvested areas3. According to a study conducted from 2000 to 2013,

POLITICO, February 6, 2024, ‘Higher But Healthy’ “The banking industry is showing its true colors,” National Community Reinvestment Coalition President and CEO Jesse Van Tol said in response to Monday’s lawsuit. “Out of one side of their mouth they say higher capital requirements will hurt people of color and low-income people, but then out of the other