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media@ncrc.org • 202-393-8309
“Access to the banking system should not be a race to the bottom. Companies that rely on the public infrastructure should be required to serve communities fairly, disclose where their money goes and meet real community reinvestment obligations,” NCRC President and CEO Jesse Van Tol.
NCRC Warns Fintech Executive Order Dresses Up Deregulation As Innovation Read More »
NCRC is concerned that the bill’s stablecoin ‘yield’ prohibition may be too easy to evade. While the bill appears to prevent companies from paying consumers interest simply for holding stablecoins, it allows rewards tied to activity, loyalty, tenure and other product use.
This round will form two new labs focused on shared equity in housing and the benefits cliff. The labs will examine strategies that expand housing stability, economic mobility and access to opportunity.
NCRC Opens Nomination Period For 2 New Just Economy Labs Read More »
“Any final stablecoin rule issued by the OCC must address the significant risk of deposit flight, the impact on community investment and lending and the current massive consumer fraud losses,” said NCRC Policy Director Tara Flynn.
NCRC Urges OCC To Address Risks In GENIUS Act Proposed Rule Read More »
The National Community Reinvestment Coalition and First Financial Bank, which is expanding its presence in Chicago and Northeast Ohio with the opening of its first retail locations in both areas, have collaborated to develop commitments totaling $170 million for low- and moderate-income clients and census tracts in these areas.
Wednesday’s Supreme Court decision weakening a core provision of the Voting Rights Act is a severe setback for low- and moderate-income communities and communities of color who already face systemic barriers to economic opportunity.
NCRC Statement on Supreme Court Voting Rights Act Decision Read More »
The Consumer Financial Protection Bureau’s (CFPB) final rule today is a massive step backward from the CFPB’s own 2023 rule and from Congress’s intent in enacting Section 1071.
CFPB Section 1071 Final Rule A Massive Step Backward Read More »
The CFPB’s decision to eliminate disparate impact protections under ECOA is a real setback for fair lending.
CFPB Final Rule Dismantles Disparate Impact Under ECOA Read More »
Last week, NCRC submitted its comment on the CFPB’s Draft Strategic Plan for FY2026-2030.
NCRC Comment: CFPB Draft Strategic Plan Would Undercut Consumer Protection Read More »
Today, 215 civil rights, small business, farm, community, consumer, and other organizations from across the country sent a letter to the House Financial Services Committee urging them to oppose legislation that would weaken or further delay the implementation of the small business and farm loan fair lending data collection for another decade.
“We welcome the release of the remaining CDFI Fund appropriations. These funds are long overdue, and communities across the country need them now.”
NCRC Welcomes Release of FY25 Funding; Urges Treasury to Work With Smaller CDFIs Read More »
Part of NCRC’s broader commitment to expanding access to quality employment and training opportunities for low- and moderate-income communities, “SNAP E&T 101: A Toolkit for Community-Based Organizations & Potential Third-Party Partners” is a comprehensive guide for workforce development and job training providers to get involved with SNAP E&T as third-party partners.
NCRC Releases SNAP E&T Toolkit for Community-Based Organizations Read More »
A national trust bank charter for Coinbase will grant it access to the federal banking system with none of the obligations traditional banks owe to the public.
The National Community Reinvestment Coalition (NCRC) recently submitted a letter to the Consumer Financial Protection Bureau (CFPB) to strongly support maintaining the current level of Home Mortgage Disclosure Act (HMDA) data collection because reduced HMDA reporting would significantly impair fair lending enforcement. 53 state and local NCRC member organizations signed on to NCRC’s letter. The
NCRC Warns CFPB of Risks of Reduced HMDA Data Collection to Fair Lending Enforcement Read More »
The National Community Reinvestment Coalition (NCRC) launched the application for the second round of its Housing Counseling Services (HCS) grant program as part of its multi-year Field Empowerment Fund (FEF). Through partnerships with KeyBank and HSBC Bank USA NA, a total of $4 million was allocated to support direct-to-client housing counseling services for NCRC members.
