Testimony and comments from NCRC about pending legislation and regulatory issues.
August 12, 2020 RE: NCRC Comment Letter on SoFi Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) and 41 community organizations co-signing this letter maintain that Social Finance, Inc.’s (SoFi’s) application for a bank charter has not demonstrated a significant commitment to meeting the convenience and needs of the community […]
NCRC Comment on SoFi’s Charter Application Read More »
August 10, 2020 The Honorable Mark Calabria Director Federal Housing Finance Agency 400 7th Street, SW Washington, D.C. 20219 Hugh Frater CEO Fannie Mae Midtown Center 1100 15th Street, NW Washington, DC 20005 David Brickman CEO Freddie Mac 1551 Park Run Drive Mclean, VA 22102 Dear Director Calabria, Executives Frater and Brickman: We are writing
FHFA Re-Proposed Capital Rule for the Enterprises Sign-on Letter Read More »
July 28, 2020Â Majority Leader Mitch McConnell United States Senate Washington, DC 20510Â Minority Leader Chuck Schumer United States Senate Washington, DC 20510Â Chairman Mike Crapo Senate Committee on Banking, Housing and Urban Development Washington, DC 20510Â Ranking Member Sherrod Brown Senate Committee on Banking, Housing and Urban Development Washington, DC 20510Â Re: Support for
[download id=”76746″ template=”FHA FHFA Forbearance Letter”] The Honorable Ben Carson Secretary U.S. Department of Housing and Urban Development 451 7th Street, SW Washington, D.C. 20210 The Honorable Mark Calabria Director Federal Housing Finance Agency 400 7th Street, SW Washington, D.C. 20219 Dear Secretary Carson and Director Calabria: We are writing to express our deep concern
FHA and FHFA Forbearance Letter Read More »
Sign On Letter in Support of H.J. Res. 90 to Overturn the CRA Rule U.S. House of Representatives U.S. Capitol Washington, DC 20515 Dear Representative: On behalf of the undersigned organizations, we are writing to urge you to cosponsor and support H.J.Res. 90, a disapproval resolution that would overturn a poorly constructed rule change on
Sign On Letter in Support of H.J. Res. 90 to Overturn the CRA Rule Read More »
The Office of the Comptroller of the Currency (OCC) released their Community Reinvestment Act (CRA) final rule on May 20. It will lessen the public accountability of banks to their communities by enacting performance measures on CRA exams that will be complex and opaque, while at the same time over-simplifying how to measure a bank’s
Analysis of the OCC’s Final CRA Rule Read More »
(Download) June 1, 2020 Comment Intake Bureau of Consumer Financial Protection 1700 G Street NW Washington, D.C. 20552 Re: Â Â Â Â Â Docket No. CFPB-2020-0013 85 FR 18214 Request for Information to Assist the Taskforce on Federal Consumer Financial Law Dear Chief of Staff Weber: The National Community Reinvestment Coalition (NCRC) would like to respond to the
(Download) May 26, 2020 RE: Comment on Proposed Rule: Parent Companies of Industrial Loan Companies, RIN 3064-AF31 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), a coalition of 600 community-based organizations dedicated to increasing access to capital and credit for traditionally underserved communities, opposes the FDIC’s proposal to codify the procedures for
Comment on Proposed Rule: Parent Companies of Industrial Loan Companies, RIN 3064-AF31 Read More »
Dear Senate Leadership and Senate Appropriators: The National Community Reinvestment Coalition (NCRC) and the undersigned organizations are writing to urge the Senate to support housing counseling provisions included in H.R. 6800, the HEREOS Act, recently passed by the House.  Housing counseling agencies have played an essential role following the nation’s housing crisis and numerous natural disasters since then. Congress
Over 130 groups support more funding for housing counseling Read More »
(Download) May 21, 2019 RE: NCRC Comment Letter on Monzo’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that Monzo’s charter application has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required by the Community Reinvestment Act and the
NCRC Comment Letter on Monzo’s Charter Application Read More »
April 28, 2020 RE: Docket ID OCC-2019-0024 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC), an association of 600 community-based organizations dedicated to increasing access to affordable and safe banking products in traditionally underserved communities, opposes the Office of the Comptroller of the Currency’s (OCC’s) proposed changes to its licensing manual that describes procedures
NCRC comment on OCC licensing and merger applications Read More »
The Honorable Steven Mnuchin Secretary U.S. Department of the Treasury 1500 Pennsylvania Avenue NW Washington, D.C. 20220 The Honorable Jerome H. Powell Chairman Board of Governors of the Federal Reserve System 20th Street NW & Constitution Avenue NW Washington, D.C. 20551 The Honorable Jelena McWilliams Chairman Federal Deposit Insurance Corporation 550 17th Street NW Washington,
NCRC urges emergency support for mortgage servicers Read More »
(Download) April 8, 2020 NCRC supplemental comment on proposed CRA evaluation measure using Federal Reserve CRA data Notice of Proposed Rulemaking (Docket ID OCC–2018-0008 and RIN 3064-AF22) Reforming the Community Reinvestment Act Regulatory Framework To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) is submitting another comment on the proposed changes to the Community Reinvestment
NCRC Supplemental CRA Comment Using Federal Reserve CRA Data Read More »
(Download) April 8, 2020 RE: Notice of Proposed Rulemaking, Community Reinvestment Act Regulations, Docket ID OCC-2018-0008 and RIN 3064-AF22 To Whom it May Concern: The National Community Reinvestment Coalition, an association of 600 community-based organizations that promote access to basic banking services, affordable housing, entrepreneurship, job creation and vibrant communities for America’s working families, believes
(Download) March 24, 2019 The Honorable Joseph M. Otting Comptroller of the Currency The Honorable Jelena McWilliams Chairman, Federal Deposit Insurance Corporation Dear Comptroller Otting and Chairman McWilliams: On behalf of the undersigned organizations, the National Community Reinvestment Coalition (NCRC) requests an immediate suspension until the end of the health crisis of the comment period for the proposed changes to
Sign-On Letter asking OCC & FDIC to Suspend CRA Rulemaking during the COVID-19 Crisis Read More »
