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]
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]
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]
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]
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]
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]
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 haveslimmed 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]
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]
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]
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]
Resources
Work And Meet At The Just Economy Club It's aDC hubfor 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! [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 and share the pledge 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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