Groups Urge CRA Downgrade For Keybank Over Broken Merger Promises, Apparent Redlining
By NCRC
KeyBank should be downgraded by banking regulators for flagrant violations of commitments it made in order to win approval for a 2016 merger, 81 community groups wrote to Community Reinvestment Act (CRA) enforcers. [Read more]
Leading Civil Rights, Faith And Housing Policy Groups Urge HUD To Swiftly Adopt Final AFFH Rule
By NCRC
Fair housing, civil rights, faith and housing advocacy organizations issued a joint statement urging the US Department of Housing and Urban Development (HUD) to move quickly in adopting a final affirmatively furthering fair housing (AFFH) regulation following the closure of the proposed rule’s comment period. [Read more]
Views
KeyBank CRA Exam Is An Opportunity To Remind The Industry: Redlining And Broken Promises Are Not “Outstanding”
By Catherine Petrusz, NCRC
Federal regulators should downgrade KeyBank’s CRA rating and launch a redlining investigation into its mortgage lending – or risk signaling that banks are free to ignore their obligations and break promises to the public. [Read more]
Field Notes
DCWBC Women Entrepreneur Profile: Hortiki Plants
By NCRC
Hortiki Plants is a women-owned business started by Dr. Victoria LeBeaux in 2017 that provides eco-friendly garden kits.[Read more]
Comments
NCRC Comment Letter On HUD’s Proposed Affirmatively Furthering Fair Housing (AFFH) Rule.
By NCRC
We appreciate HUD’s restoration of key components of the 2015 AFFH regulation. But HUD should also make a number of adjustments to the proposed language. [Read more]
Events
Safeguarding Your Agency through Disaster – Mitigating Loss For Managers And Directors
May 8 - May 9, 12 pm - 4 pm ET
Join NCRC’s National Training Academy (NTA) for this training that will discuss preparing for each of the four phases of disasters and explore measures nonprofit leaders can take to mitigate risk. [Register here]
Section 1071 Webinar: New Data For Small Business Lending
May 18, 1:30 pm - 2:30 pm ET
Join us for an overview of the new rule’s features, how it will be implemented, its strengths and weaknesses and items that are still open for consideration by the CFPB. We hope to see you there! [Register here]
In the News
Contemplating International Workers Day & Philanthropy's Role In Just Economy
By Suhasini Yeeda, National Committee for Responsive Philanthropy
Recently at the 2023 Just Economy Conference, NCRP President and CEO Aaron Dorfman moderated a plenary panel on philanthropy’s role in building a just economy. The panel included Allan Golston, President of U.S. Programs for the Bill and Melinda Gates Foundation, and Asahi Pompey, President of Goldman Sachs Foundation. [Read more]
Fintech’s Latest Scheme
By Jarod Facundo, The American Prospect
According to a February 2022 report from the National Community Reinvestment Coalition, banks have rapidly closed since the Great Recession, a trend which accelerated throughout the pandemic.[Read more]
On Our Radar
New York City Will Finally Turn A Hotel Into Housing
By Mihir Zaveri, The New York Times Developers announced a plan to transform a Hilton hotel near Kennedy International Airport into affordable housing — the first conversion to take place through a pandemic-era state program.[Read more]
Goldman Sachs Looks To Settle Female Employees’ Discrimination Case
By AnnaMaria Andriotis, TheWall Street Journal
The Justice Department's civil rights division, Consumer Financial Protection Bureau, Federal Trade Commission and Equal Employment Opportunity Commission released a joint statement reiterating their commitment to enforcing existing civil rights, consumer protection and fair competition laws and regulations. [Read more]
Resources
Work And Meet At The Just Economy Club It's a DC hub for nonprofits and the social sector, around the corner from the White House. Move your team into a private office or host your meetings and events or hang out in the lounge. [Read more]
Learning & Training Hub Register for NCRC's catalog of professional development courses for community development leaders. [Learn more]
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]
Racial Wealth Snapshots Browse our catalog of socioeconomic briefs and infographics. [View all]
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]
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]
TreasureCRA Keep up and catch up on plans to strengthen the Community Reinvestment Act. [Read more]
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