Fatal Flaws In Draft Crypto Regulations and new DCWBC profile!

NCRC Black wo [email protected] ([link removed] )

Just News

for July 21, 2023

News and views from the National Community Reinvestment Coalition. Find more at ncrc.org ([link removed] ) .

For continuous updates, follow us on Twitter ([link removed] ) , FB ([link removed] ) , LinkedIn ([link removed] ) and I ([link removed] ) G ([link removed] ) .

Announcements

NCRC To Host Regional Summit For Mountain West Community Development Leaders

By NCRC

NCRC will host a regional summit in Denver September 26 – 27, 2023. The summit will bring together housing and community development leaders; faith-based organizations and fair lending advocates; financial institutions and environmental justice groups; as well as small business entrepreneurs, tribal leaders, public officials and academics to discuss and discover ways to reinvest in communities across The Mountain West Region. [Read more ([link removed] ) ]

Views

Fatal Flaws In Draft Crypto Regulations From House Republicans Mean Lawmakers Should Start Over

By Adam Rust, NCRC

New draft legislation introduced by Republicans on the House Financial Services Committee represents a move in the wrong direction on regulating digital assets. The draft does little to challenge poor existing standards for crypto disclosures. It enables too many digital asset issuers to avoid the full scrutiny of the Securities and Exchange Commission (SEC). And it invites other financial sectors to integrate distributed ledgers to evade traditional supervision. [Read more ([link removed] ) ]

Field Notes

DCWBC Women Entrepreneur Profile: Melissa A. Little Consulting & Mediation Services LLC

By NCRC

This is part of a series of profiles showcasing the talented entrepreneurs of NCRC’s DC Women’s Business Center. Melissa A. Little Consulting & Mediation Services LLC is a women-owned business, started by Melissa Little, that is committed to creating safe and inclusive environments. [Read more ([link removed] ) ]

News

NCRC Laments Supreme Court Affirmative Action Ruling That Condemns Black America To Further Neglect

By NCRC

Given the enormity of the pain, neglect and targeted hardship that the US government and private businesses have inflicted on Black Americans for hundreds of years, the handful of formal efforts our country makes to even the odds for people of color have always been paltry. Now we are losing one of the few examples of tangible and effective anti-racism policy that American institutions ever came up with. [Read more ([link removed] ) ]

Events

How to Utilize Artificial Intelligence for Effective Marketing Outreach

July 25 , 2:00 pm EDT – 3:30 pm EDT

One of the hottest topics in recent months has been Artificial Intelligence (AI) and its impact on the world, including marketing. What is AI and how it can improve your outreach to the communities you serve? Join NCRC’s National Training Academy for this webinar that will discuss how AI has the potential to revolutionize marketing. You will discover what AI is, how it will shape marketing in the future, and how to use it now to build outreach campaigns. [Register here ([link removed] ) ]

NCRC President And CEO Jesse Van Tol To Host Webinar At The Economic Club Of New York

July 27 , 2:30 pm ET – 3:15 pm ET

NCRC President and CEO Jesse Van Tol will join the Economic Club of New York on July 27 at 2:30 pm ET to share his expertise on inclusive economic policies, community development and finance. The discussion will also focus on promoting equitable access to economic opportunities and increasing investment in historically underserved communities. [Register here ([link removed] ) ]

In the News

Bank of America Sells Closed Branch In Orlando As News Breaks Of National $250 Million Payout

By Ryan Lynch, Orland Business Journal

Bank of America has sold one of its closed branches in south Orlando. Why this matters: Bank have slimmed their branch portfolios as more people opt to bank online, making a large network of locations less of a necessity. That has opened properties up for reuse or redevelopment. [Read more ([link removed] ) ]

Farewell To Banking: Texas Faces Another Wave Of Branch Closures As 6 More Banks Shut Doors.

By Ash Jurberg, News Break

According to the National Community Reinvestment Coalition, one-third of the branches closed from 2017 to 2021 occurred in areas that were predominately lower-income and majority-minority. [Read more ([link removed] ) ]

On Our Radar

US Consumer Watchdog Warns No More 'Rubber Stamp' For Bank Mergers

By Douglas Gillison, Rueters

US lenders hoping for easy merger approvals in the wake of the March banking crisis should instead expect tough scrutiny from regulators worried about financial stability, the director of the Consumer Financial Protection Bureau (CFPB) told Reuters. [Read more ([link removed] ) ]

Rising Costs And Gentrification Force Locals Out Of Detroit’s Downtown And Midtown

By Steve Neavling, Detroit Metro Times

As gentrification continues to sweep through Detroit’s most sought-after locations, seniors are getting displaced at an unprecedented rate. Developers capitalizing on higher property values and increased demand for downtown living have been buying buildings and converting them into market-rate apartments and condos, leaving seniors struggling to find affordable alternatives. [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! [View all ([link removed] ) ]

Racial Wealth Snapshots

Browse our catalog of socioeconomic briefs. [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 and share the pledge 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] ) ]

Twitter ([link removed] )

Facebook ([link removed] )

LinkedIn ([link removed] )

Instagram ([link removed] )

Website ([link removed] )

Copyright © 2023 NCRC, All rights reserved.

Manage Preferences/Unsubscribe ([link removed] )

National Community Reinvestment Coalition

740 15th St NW, Suite 400

Washington,DC xxxxxx