New Racial Wealth Snapshot and Health Equity Spotlight!

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

Just News

for August 25, 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

Just Economy Regional: Mountain West Summit Schedule

September 26-27, 9 am ET - 6 pm ET

The full schedule for the upcoming Just Economy Regional: Mountain West Summit is now available! Come and discover which sessions you can't miss. [Read more ([link removed] ) ]

Views

HEALTH EQUITY RESEARCH SPOTLIGHT: Medical Debt Makes People Live Sicker, Die Sooner

By Magdalena Mysliwiec, NCRC

Owing someone money doesn’t just make a person’s life harder – it might also make it shorter, and it certainly makes it sicker.

That’s the takeaway from a recently published study on health outcomes for people with and without substantial medical debts: The same trip to the hospital that you needed to get well one day could help make you sick over the long haul, if it leaves you with a huge bill to repay. [Read more ([link removed] ) ]

Research

Racial Wealth Snapshot: Asian Americans And The Racial Wealth Divide

By Dedrick Asante-Muhammad, Maya Kurani

This is one in a series of Racial Wealth snapshots. The household median income for Asian Americans increased by 1.8% from 2020 to $101,418 in 2021. That is 43% greater than the national median income of $70,784. Despite Asian Americans having the highest household median income, many Asian Americans still face economic insecurity. In 2022, the poverty rate was 11% for Asian Americans compared to 8.1% for White, non-Hispanic Americans.[Read more ([link removed] ) ]

Events

27th Annual Utah Housing Matters Conference

August 28, 5 pm ET – August 30, 2 pm ET

Come join The Utah Housing Counsel for their 27th Annual Housing Matters Conference for an exciting event that will bring together housing advocates, policymakers, and industry professionals to discuss the latest trends and challenges facing Utah’s housing market. [Register ([link removed] ) ]

Climate Group: Climate Week NYC

September 17, 8 am ET – September 24 , 5 pm ET

Climate Week NYC is the largest annual climate event of its kind, bringing together some 400 events and activities across the City of New York – in person, hybrid and online. Each year, business leaders, political change makers, local decision takers and civil society representatives of all ages and backgrounds, from all over the world, gather to drive the transition, speed up progress, and champion change that is already happening. [Register ([link removed] ) ]

In the News

At Long Last — And Over Banks' Protests — CRA Reform Is Afoot

By Ebrima Santos Sanneh, American Banker

NCRC President and CEO Jesse Van Tol said the agencies are highly sensitive to industry concerns and have spent a lot of time making certain the law complies with statutory authority. To craft a durable rule, the agencies — particularly the Fed, which is leading the rewrite — are likely to take all the time they have. Van Tol said this puts pressure on regulators to ensure the rule withstands the test of time. [Read more ([link removed] ) ]

Six Decades After King’s Historic Speech, Report Shows Black Economic Equality Is ‘Still A Dream’

By Stacy M. Brown, Seattle Medium

A groundbreaking new report has laid bare the stark truth of ongoing black economic inequality in the United States. Titled “STILL A DREAM: Over 500 Years to Black Economic Equality,” the report, co-authored by prominent experts Dedrick Asante-Muhammad, Chuck Collins, Omar Ocampo, and Sally Sim, and published by the Institute for Policy Studies and National Community Reinvestment Coalition, underscores the enduring disparities faced by Black Americans and highlights the pressing need for concerted action to address these disparities. [Read more ([link removed] ) ]

Major US Bank With More Than 1,000 Locations Nationwide Closing Branch as Frustrated Customers Directed Elsewhere

By Cheyenne R. Ubiera, The US Sun

Fifth Third Bank announced it will be closing one of its banking locations in Cincinnati, Ohio. There are 102 Fifth Third branches in Greater Cincinnati, the most of any bank. According to Oates, the latest closure is part of the company's ongoing review of its branch network.Between 2017 to 2021, 9% of all bank branch offices closed, according to the National Community Reinvestment Coalition. [Read more ([link removed] ) ]

On Our Radar

The Secret Immigrants Keep, Even From Themselves

By Anand Giridharadas, The Ink

The common American immigrant narrative — one especially propped up by Indian-Americans — is one of upward possibility. But, in Prachi’s telling, this is a story that obscures and erases more than it reveals. It obscures and erases how upward possibility is not, in fact, the norm in America. It obscures and erases the traumatic costs of being an immigrant in the first place. [Read more ([link removed] ) ]

In Debate Over Appraisal Bias, Rival Researchers Clash Over Key Data

By Kyle Campbell, American Banker

During the past two years, regulators and lawmakers have introduced and adopted new rules and guidelines aimed at curbing the impacts of racial bias on home valuations. But some appraisers and researchers insist these efforts have been based on faulty data. Conflicting findings from a pair of non-profit research groups call into question whether or not recent actions will improve financial outcomes for minority homeowners without leading to banks and other mortgage lenders taking on undue risks. [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