In the News

The New York Times, February 5, 2024, Banks Sue Regulators Over Anti-Redlining Rule Jesse Van Tol, president of the National Community Reinvestment Coalition, which works with banks to help them meet their Community Reinvestment Act requirements, said in an email that he was “saddened and angered” by the lawsuit. “The banking industry is showing its […]

Black Enterprise, February 2, 2024, Issa Rae, Angelica Ross, Cory Booker, And More Make Time’s Inaugural ‘Closers’ List Also included on the list are Adriana Barbosa, president and CEO of PretaHub; Arian Simone and Ayana Parsons, leaders at the Fearless Fund; Aurora James, designer and founder of the Fifteen Percent Pledge; Brian Flores, Vikings defensive

Diaro AS, February 3, 2024, Which Banks Have Closed A Total Of More Than 40 Branches in A Week In The US And How Can It Affect You? With less bank branches operating in the US, there are fewer opportunities for customers to do their banking in a physical location. A report by the National Community Reinvestment Coalition indicates

Winston-Salem Journal, February 4, 2024, Top Federal Banking Regulator Explores More Merger Transparency Jesse Van Tol, president and chief executive of National Community Reinvestment Coalition, applauded the proposals, saying that “generations of misguided policy choices have left us with an inappropriately lax approach to merger review, where proposed deals were often cleared as though by

RESPA News: February 1, 2024, First Financial Bank, NCRC Enter Into Community Benefits Agreement The National Community Reinvestment Coalition has entered into a community benefits agreement with First Financial Bank. The agreement establishes an investment of $2.4 billion over the next five years to facilitate loans and other support for low- and moderate- income clients

AP, February 1, 2024, TIME Reveals Inaugural ‘The Closers’ List Of Extraordinary Leaders Working To Close The Racial Wealth Gap Dedrick Asante-Muhammad, chief of membership, policy and equity at the National Community Reinvestment Coalition

Time, February 1, 2024, Dedrick Asante-Muhammad Won’t Sugarcoat Wealth Disparity “Oftentimes the frame is, ‘Oh, we’re not where we want to be, but we’re getting there,’” says Asante-Muhammad, 50, vice president of racial economic equity, research, and workforce development at the National Community Reinvestment Coalition, a nonprofit network trying to solve America’s persistent wealth, income,

The Citizen, January 15, 2024, CNY In The House: Tenney, Williams Cast First Votes of 2024 Conservatives have complained about certain settlements that directed funds to what they consider “political allies” of Democratic presidential administrations. This includes, among other groups, the National Fish and Wildlife Foundation and the National Community Reinvestment Coalition. 

Bankrate, January 12, 2024, Digital Banking Trends In 2024 Traditional banks — those that have a physical presence — are still the predominant financial institution where people keep their primary bank accounts. However, their reach is declining. Between 2017 and 2021, 9 percent of all branch locations closed, a loss of around 7,500 branches, according

Good Men Project, January 12, 2024, How Redlining’s Legacies Demand New Policy Action To further put the wealth divide into perspective, the recent Still A Dream: Over 500 Years to Black Economic Equality report from the National Community Reinvestment Coalition and the Institute for Policy Studies states that, in 2021, African Americans had 62 cents to the white

The New York Times, January 17, 2023, Consumer Bureau Proposes Overdraft Fee Limits For Large Banks Jesse Van Tol, the CEO of the National Community Reinvestment Coalition, called overdraft fees, which many banks charge as often as three times per day, “a way of fleecing people who live paycheck to paycheck — a morally repugnant

The Seattle Times, January 20, 2024, What Is The Basel III Endgame, And Why Are Banks So Upset About It Some liberal Democrats in Congress and nonprofits devoted to closing the racial wealth gap are worried about the plan’s treatment of mortgages. Others say parts of the proposal could hurt renewable energy development by taking

BankingDive, January 19, 2024, 9 Capital-Requirements Comments To Watch The National Community Reinvestment Coalition suggested the Fed walk back its mortgage-related risk weightings to the Basel’s standard. “If risk weightings for high loan-to-value mortgage loans held for investment increase dramatically, it may make banks more hesitant to extend mortgage loans to the types of borrowers —

Newsbreak, January 19, 2024, Bank Closure Crisis Deepens in Pennsylvania: Six New Shutdowns Announced According to the National Community Reinvestment Coalition report: “When bank branches close, there are several adverse effects on the surrounding community. Small business lending and activity in the area declines. More people use alternative financial services that open them to unregulated

Inside Indiana Business, January 19, 2024, Old National Adds To Community Growth Plan The original plan and the recently announced addendum were developed in collaboration with the National Community Reinvestment Coalition. Old National says the additional investment is subject to the closing of the bank’s $344 million acquisition of CapStar Financial Holdings Inc. in Nashville, Tennessee, which