In the News

The US Sun, December 4, 2023, Chase Among 10 Banks Filing To Close 60 Branches In One Week But Customers Face ‘Unregulated’ Dangers A report from the National Community Reinvestment Coalition found that when there are fewer branches in an area, more people use “alternative financial services that open them to unregulated and predatory financial […]

Citybiz, December 4, 2023, Prosperity Now Names Marisa Calderon CEO Calderon, an experienced executive who is regularly recognized, awarded, and cited nationwide for her expertise in the housing and financial services industries, most recently served as the executive director at the NCRC Community Development Fund (NCRC CDF) and as chief of community finance and mobility at

American Banker, December 1, 2023, House Votes To Nullify CFPB Small-Business Data Rule “Today’s vote for a move President Biden will veto was a pointless show put on for bank industry donors who still don’t know how to say yes to a good idea,” said Jesse Van Tol, president and CEO of the National Community

Bloomberg Law, December 1, 2023, CFPB Small Business Rule Repeal Clears House, Courts Veto (1) National Community Reinvestment Coalition President and CEO Jesse Van Tol said the House put on a “pointless show” for donors. “All the House majority accomplished today was to make their next phone call with a bank lobbyist go a little

NTD, November 26, 2023, 64 US Bank Branches File To Shut Down In A Single Week—Are You Affected? The recent closures are part of a long-term branch shutdown trend that has been ongoing over the past several years. A report from the National Community Reinvestment Coalition shows that between 2017 and 2021, 9% of all bank branches

NewsBreak, November 25, 2023, Banking Crisis Deepens: Additional Tennessee Closures Heighten Customer Worries CNBC reports that “according to the National Community Reinvestment Coalition, one-third of the branches closed from 2017 to 2021 occurred in areas that were predominately lower-income and minority areas.”

4WWL, November 20, 2023. ‘They Became White Neighborhoods Almost Overnight’ – Katrina Supercharged N.O. Gentrification In a 2020 study by the National Community Reinvestment Coalition, New Orleans ranked 5th in the country’s 20 most gentrified cities. New Orleans is now a city where the cost of living has surpassed the rate of pay for many

CSRwire, November 17, 2023, Thought Leaders Gather For Critical Community Development Conversation At PNC’s Second Annual Community Leadership Symposium Moderated by PNC’s Chief Diversity Officer Gina Coleman, Retail Banking Alex Overstrom and head of C&IB Mike Lyons, a series of panel conversations centered around compelling community investment topics emphasizing best practices in economic inclusion, affordable

Banking Dive, November 15, 2023, First Citizens Unveils Updated $6.5B Community Benefits Plan The updated plan comes as a “huge relief” for the communities that stood to lose out on the investments following SVB’s collapse in March, Jesse Van Tol, CEO of the National Community Reinvestment Coalition, said in a statement Tuesday.  “First Citizens is

The Washington Post, November 17, 2023, Our Kids Don’t Want Our Paid-Off House — Or Our Ashes In 1940, the Black homeownership rate was 22.8%, nearly half of the 45.6% for Whites, according to the National Community Reinvestment Coalition. Until 1968, homeowners and real estate agents could legally refuse to sell homes to African Americans

Yahoo Finance, November 14, 2023, First Citizens Announces Expanded Commitment To Communities In Northern California And Eastern Massachusetts First Citizens Bank today announced an amendment to its existing Community Benefits Plan agreement with the National Community Reinvestment Coalition (NCRC) and its members that extends the bank’s longstanding community support to Northern California and Massachusetts following its March acquisition of

American Banker, November 14, 2023, First Citizens Unveils Revised SVB Community Plan Worth $6.5 Billion National Community Reinvestment Coalition Chief Executive Officer Jesse Van Tol called the agreement a “huge relief” for the communities that stood to benefit from SVB’s earlier community benefits plan. NCRC is one of the organizations that signed the deal with

The Buffalo News, December 3, 2023. The Editorial Board: KeyBank Must Offer More Than Promises To Black And Low-Income Borrowers Whatever KeyBank is doing, it needs to do better. After being accused of “systemic redlining” in late 2022, the bank has not improved its track record of home loans to Black and low-income borrowers. That’s according to

Cleveland, November 16, 2023, Advocacy Organization Says KeyBank’s Lending Record Got Worse In 2022 The National Community Reinvestment Coalition had already said that KeyBank’s mortgage lending got worse, instead of better, while the two organizations worked together from 2018 to 2021. In a new report released Thursday, the advocacy organization said the trend continued in

Crain’s Cleveland, November 16, 2023, Report Shows KeyBank Remains Worst Mortgage Lender For Black, Low-Income Homebuyers A year after being dubbed the “worst major mortgage lender for Black homebuyers,” KeyBank’s mortgage lending track record for Black and low-income borrowers looks even worse, according to the latest analysis from the National Community Reinvestment Coalition.