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]
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]
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]
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]
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]
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]
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]
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]
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]
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]
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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