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Just News
for June 9, 2023
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org ([link removed] ) .
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Announcements
Tell Congress: We Need A Just Economy
By NCRC
Sign our petition, send a message to your members of Congress: America should not only promise but deliver to all Americans opportunities to build wealth and live well. [Sign now ([link removed] ) ]
Views
Understanding The Dire Economic And Health Inequities Facing Transgender Americans
By Magdalena Mysliwiec, NCRC
In recognition of Pride Month this June, this piece details the special threats to health equity that haunt the transgender community. [Read more ([link removed] ) ]
Don’t Fear The Data: Why The Lawsuit To Repeal Section 1071 Is Wrong
By Kevin Hill, NCRC
Banking industry leaders are suing to dismantle a crucial new data collection effort designed to root out discrimination in small business lending. Their facts are wrong. Their motives are suspect. And the public should understand the mischaracterizations that undergird their lawsuit. [Read more ([link removed] ) ]
Connecticut Baby Bonds: The Beginning of Bridging the Racial Wealth Divide?
By Dedrick Asante-Muhammad, NCRC
Connecticut's baby bonds program will mean that from July 1 onward, every child born into poverty in Connecticut will have an investment waiting for them when they turn 18. [Read more ([link removed] ) ]
Research
Continued Wage Growth, But A Possible Warning Sign From Black Workers: Race, Jobs & The Economy Update – May 2023
By Dedrick Asante-Muhammad and Jason Richardson, NCRC
The topline national unemployment rate remained low at 3.7%.
Black unemployment rose dramatically from its historic low of 4.7% last month, jumping to 5.6%. Rising Black unemployment is often the first to increase prior to a recession. [Read more ([link removed] ) ]
News
Banking Bad Actors KeyBank, Capital One Lose Their Access To New York City’s Business
By NCRC
"Good cities shouldn’t do business with bad banks, so it’s great to see the New York commissioners take action here,” National Community Reinvestment Coalition (NCRC) President and CEO Jesse Van Tol said. “KeyBank and Capital One have atrocious track records of not just under-serving but actively harming the interests of low-wealth communities and people of color." [Read more ([link removed] ) ]
Scholarship Opportunity: Building Stronger Communities Through CDFIs
By NCRC
A new 3-course series from the National Community Reinvestment Coalition invites you to explore the world of Community Development Financial Institutions (CDFIs). The series is designed for NCRC member organizations interested in launching a CDFI. [Read more ([link removed] ) ]
Events
Talent Attraction Summit 2023
June 11 - June 14 , 8 am ET - 5 pm ET
Join NCRC’s Director of Racial Economy Equity Joshua Devine at the Talent Attraction Summit 2023. He will be speaking on the panel, “Centering Equity in the Talent Attraction Ecosystem.” [Register here ([link removed] ) ]
Racial Equity: A Journey Of Understanding And Action
June 20 - June 21, 12 pm - 4 pm ET
Racism is a systemic issue that significantly impacts many aspects of life, including health, education, criminal justice, and the economy. This racial equity training overview is designed to help individuals understand the impact of racism on society and how it affects individuals, organizations, and communities. [Register here ([link removed] ) ]
In the News
Predatory Lending’s Prey of Color
By Ramenda Cyrus, The American Prospect
As commerce and financial services have moved online, brick-and-mortar bank branches across the US have fallen from 36 per 1,000 adults to 30. From 2017 to 2021, 9% of bank branches closed. Of those, a third were in majority-minority communities, per the National Community Reinvestment Coalition. [Read more ([link removed] ) ]
On Our Radar
Housing Innovation In Rural America
By Nick Mitchell-Bennett, Daniel Elkin, Ines Polonius and Audra Butler, Nonprofit Quarterly
The focus on high prices in red-hot urban real estate markets, a centerpiece of most national housing crisis analyses, overshadows the affordability challenges faced in rural America. Centuries of racist policy and decades of disinvestment have created low incomes, a lack of resources, and numerous roadblocks to capital. Overcoming these realities requires a different strategy. [Read more ([link removed] ) ]
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 ([link removed] ) ]
Learning & Training Hub
Register for NCRC's catalog of professional development courses for community development leaders. [Learn ([link removed] ) more ([link removed] ) ]
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] ) ]
Racial Wealth Snapshots
Browse our catalog of socioeconomic briefs and infographics. [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
Keep up and catch up on plans to strengthen the Community Reinvestment Act. [Read more ([link removed] ) ]
Jobs
We are always looking for talented people.
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