NCRC Statement On Latest Partisan Attack On CFPB’s Section 1071 Small Business Lending Rules
By NCRC
Republican members of the House Financial Services Committee voted through a resolution of disapproval seeking to void CFPB’s recently finalized rules for tracking data on who is and is not approved for small business loans. NCRC President and CEO Jesse Van Tol rightly referred to it as "an act of political theater."[Read more]
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Congressional Republicans Are Trying To Kill CFPB’s Section 1071 Small Business Lending Rules Before They Take Effect
By Joseph Reed, NCRC
Community advocates are rightly excited about new efforts to track small business lending data to help identify and combat potential discrimination. But that work faces one more short-term hurdle: Political opponents of the Consumer Financial Protection Bureau (CFPB) are trying to stymie the implementation of Section 1071 lending data rules through an arcane process in Congress. [Read more]
How The Government’s New “FedNow” Immediate-Payment System Will Benefit Consumers And Banks Alike
By Adam Rust, NCRC
The Federal Reserve’s new FedNow real-time payments system, launched July 20, represents the most significant improvement to the Fed’s payments services since the introduction of the automated clearing house system in the 1970s. Our national payments system will reap immediate gains when FedNow brings new banks and credit unions online. [Read more]
Comments
NCRC And Over 150 Organizations Unite In Support Of Section 1071 Of Dodd-Frank, Rejecting Congressional Repeal Efforts
By NCRC
The implementation of the final rule recently announced by the CFPB will have widespread benefits. By increasing transparency of pricing, terms and conditions, and action taken on applications, 1071 data is likely to curb excessive pricing, reduce abusive terms, and increase access to credit for traditionally underserved small businesses. [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]
Events
Celebration Of Home
August 4, 7:30 pm ET - August 5, 12 am ET
Join NCRC’s Chief of Organizing, Policy and Equity Dedrick Asante-Muhammad as he provides the keynote address at NeighborWorks of Southern Colorado’s Celebration of Home 2023: Building Our Future in Pueblo, CO on August 4.
Build “Big Company” Mobile Marketing Strategies On Small Budgets
August 8, 2 pm ET - 3:30 pm ET
Over 97% of adults in the US own a cell phone. But unlike desktops, iPads, and tablets, cell phones are almost always with them. Big companies often use mobile marketing – a common form of digital marketing – to leverage this unprecedented access to engage their audiences when they would be most receptive. Your organization can use many of the same mobile strategies with a budget you can afford. [Register here]
In the News
Homelessness Is Not An Unsolvable Problem
By Clayton Collins and Sarah Wheeler, Housing Wire
Homelessness is often seen as an intractable problem that defies the amount of money and effort that has been deployed to solve it. However, some cities have made real progress in reducing homelessness, including the Dallas/Fort Worth metroplex, where Housing Forward, formerly Metro Dallas Homeless Alliance (MDHA), is proving that a housing-first approach can work. [Read more]
Containing Gentrification: A Story from the Nation’s Capital
By Javier Rivas, NonProfit Quarterly
In Washington, DC, the gentrification process has been extraordinarily pronounced—with metro neighborhoods showing among the greatest level of resident displacement of any US city. A 2019 study by NCRC found that between 2000 and 2013 at least 20,000 Black residents had been displaced from the city’s neighborhoods. [Read more]
On Our Radar
Biden Administration Taking New Actions To Boost Housing Affordability And Availability
By Betsy Klein, CNN
The Biden administration announced further steps to lower housing costs and boost supply, part of the economic agenda that President Joe Biden will highlight as he seeks a second term. [Read more]
From Redlining To Blacklining: Englewood Organization To Fix Up Abandoned Home, Sell To First-Time Homebuyers
By Shardaa Gray, CBS News
Butler said that a different generation was forced into neighborhoods through redlining. Now, she wants to welcome homebuyers in Englewood through a blacklining grant. The grant aims to help 10 Black families in Englewood who are first-time homebuyers receive $1,000 to go towards their down payment.
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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