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** Just News
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for August 5, 2022
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org.
For continuous updates, follow us on Twitter ([link removed]) , FB ([link removed]) , LinkedIn ([link removed]) and I ([link removed]) G ([link removed]) .
** Announcements
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Submit Your Comments On CRA Rule Changes By August 5!
The best chance we have to make positive and long-overdue changes to Community Reinvestment Act rules is if NCRC members and community groups put up a good showing and send in comment letters! Use NCRC's sample comment letters and submission instructions at our CRA reform hub.
[Submit here ([link removed]) ]
** News
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NCRC Files Final Comment Letter On Proposed Overhaul Of Community Reinvestment Act Regulations
NCRC’s comment letter opens by explaining how and why the final rule should incorporate racial demographic data explicitly into CRA exams and other enforcement mechanisms. It provides detailed answers to all 180 questions posed by the three bank agencies which issued the joint Notice of Proposed Rulemaking (NPR) in May – the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve. [Read more ([link removed]) ]
** Videos
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A Conversation With Key Financial Regulators On Proposed Community Reinvestment Act (CRA) Reform
Listen to our conversation with key financial regulators on proposed Community Reinvestment Act (CRA) reform. We dig into the potential areas for reform, and how these impact your communities. [Read more ([link removed]) ]
** Views
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Modernizing CRA Means Giving Banks Credit For Climate Mitigation Projects
By Catherine Petrusz, CRA Coordinator
The proposed rules add “disaster preparedness and climate resiliency” activities as a new category of community development, eligible for CRA credit. It is imperative that this change be retained in the final rule. [Read more ([link removed]) ]
** In the News
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U.S. Faster Payments Council Issues New Report
By Green Sheet
“Unlike most of the literature on faster payments, this report takes the view of the underserved consumer," said Adam Rust, Senior Policy Advisor at the National Community Reinvestment Coalition and Financial Inclusion Work Group Vice Chair. [Read more ([link removed]) ]
Wyden, Merkley Reintroduce Bill Prohibiting Discrimination In Financial Institutions
By The Corvallis Advocate
The bill has been endorsed by the National Urban League, the Leadership Conference on Civil and Human Rights, the Center for Responsible Lending, the National Community Reinvestment Coalition, UnidosUS, the National Consumer Law Center, and the Lawyers’ Committee for Civil Rights Under Law. [Read more ([link removed]) ]
** On Our Radar
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A Report On Abuses By Four Corporate Landlords During the Coronavirus Crisis
By Select Subcommittee on the Coronavirus Crisis, U.S. House of Representatives
This staff report presents findings...into the eviction filing practices of four large corporate landlords—Pretium Partners (through its companies Progress Residential and Front Yard Residential1) (Pretium), Invitation Homes, Ventron Management (Ventron), and The Siegel Group (Siegel)—during the first 16 months of the coronavirus pandemic. [Read more ([link removed]) ]
How State Governments Are Reimagining American Public Housing
By Rachel M. Cohen, Vox
State and local governments don’t have the best track record at quickly spinning up new affordable housing...But the public sector can start with acknowledging they have the tools and resources that make it easier to build even in weak economic periods, plus no voracious investor to satisfy at the end of a project. Governments could even step in now to buy half-finished housing from companies that suddenly find themselves unable to make their financing math work. [Read more ([link removed]) ]
Bank Regulators Can't Both-Sides Racial Equity In CRA Reform
By Paulina Gonzalez-Brito & Barika Williams, American Banker
Regulators are trying to take a "both-sides" approach with the proposed rules changes by recognizing racial disparities while maintaining the failed status quo that attempts to use income as a proxy for race. They should instead ensure that banks meet the credit and investment needs of both BIPOC communities and communities abused and ignored by the banking industry. [Read more ([link removed]) ]
** Resources
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A DC Hub For Nonprofits, Events And Work
For nonprofits and social sector ventures in DC: Do your work and meetings at the new Just Economy Club in DC. It’s hosted by NCRC in the historic Union Trust building at 15th and H Streets, just around the corner from The White House. [Read more ([link removed]) ]
New Learning & Training Hub
Our new learning management system is live! It is designed with you in mind, offering a more robust experience for every kind of learner. [Learn ([link removed]) more ([link removed]) ]
Browse Our Collection Of Research And Reports
We have an extensive library of research and reports that dates back many years; now available in one convenient location! [View all ([link removed]) ]
Browse Our Collection Of Racial Wealth Snapshots
Over the past two years, NCRC has put together a catalog of Racial Wealth Snapshots. [View all ([link removed]) ]
Sign And Share The Just Economy Pledge
America should not only promise but deliver to all Americans opportunities to build wealth and live well. Sign the pledge and share it to help us expand the movement for a Just Economy. [Sign and Share ([link removed]) ]
Member Hub
NCRC members: Don't forget you have access to our member hub ([link removed]) ! Learn more about membership here ([link removed]) . You can join as an organization or an individual ([link removed]) .
Fair Lending Tool
Use our interactive tool to produce a report on mortgages, small business lending and bank branch networks for any city, county or metro area in the nation. [Access the tool here] ([link removed])
TreasureCRA Page
CRA will be essential for COVID-19 economic recovery in the communities hardest hit by the pandemic. Use the tools on this page to reach your friends and local leaders. [Read more] ([link removed])
Support our work
Join the Just Economy Club, the network for individuals who support NCRC’s research, publishing, investigations, training, advocacy and programs.
Join Here ([link removed])
Jobs
We are always looking for talented people.
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