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Just News

for October 13, 2023

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

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Announcements

Call For 2024 Just Economy Conference Session Ideas

Only one week left to submit your session ideas for the 2024 Just Economy Conference! What do you want to talk about? Whose voices do you want to include? What new ideas, best practices or insights can you share? [Submit now ([link removed] ) ]

Press Releases

NCRC Praises White House Action On Junk Fees

By NCRC

"If a company can’t succeed by telling customers the truth about what their services cost, it isn’t a healthy business. Today’s move to force banks, hospitality industry firms, landlords and others to put the real price on the sticker will deliver a more honest and more sustainable overall economy," says Jesse Van Tol, National Community Reinvestment Coalition President and CEO. [Read more ([link removed] ) ]

Testimony & Regulatory Comments

NCRC Applauds OCC For Intentions To Survey Trust In Banking, Calls For An Inclusive Sample Of End-Users And A Focus On How Banking Is Changing

By NCRC

By reaching out to consumers (households and small businesses), the survey creates a structure to take community input at scale. While community groups can provide valuable information to regulators on needs in their community, the results of this survey will complement those perspectives. The public must be able to engage with the institutions regulating financial institutions. [Read more ([link removed] ) ]

Events

Greenlining’s Just Futures Summit

October 19, 1 - 9 pm ET

NCRC’s Senior CRA Analyst Catherine Petrusz and Senior Policy Advisor Kevin Hill will be speaking on separate panels for The Greenlining Institute’s Just Futures Summit in Oakland on October 19-20. Both of their panels are on the 19. [Register ([link removed] ) ]

Wolters Kluwer: CRA And Fair Lending Colloquium

November 12, 8 am ET – November 15, 5 pm ET

Join NCRC President and CEO Jesse Van Tol as he provides the keynote address for Wolters Kluwer’s 27th Annual CRA and Fair Lending Colloquium, to be held in Austin, TX, at the JW Marriott. [Register ([link removed] ) ]

In the News

Major Bank Closures Hit Over 1,000 Locations Across 5 US States With Wells Fargo Leading Pack By Shutting 267 Branches

By Jackie Longo, The US Sun

According to the National Community Reinvestment Coalition, one-third of branch closures from 2017 to 2021 occurred in these areas. The impact of this change isn’t just about convenience. The banking deserts that are being created as more branches shutter can lead to more non-traditional and high-fee banking options for some folks, like those relying on payday loans or check-cashing services. [Read more ([link removed] ) ]

In This 5k, Runners Experience The History And Resilience Of North St. Louis

By Gabrielle Hays, PBS

According to data from the National Community Reinvestment Coalition, which looks at the unequal distribution of wealth, the average life expectancy dips by 3.6 years in redlined communities when juxtaposed with neighborhoods that the Home Owners’ Loan Corporation assigned a higher grade. [Read more ([link removed] ) ]

On Our Radar

Can The Community Reinvestment Act Be A Model For Closing The Gender Credit Gap In Emerging Markets?

By Christina Campbell-Zausner and Emily Brearley, Impact Alpha

As donors call for increased funding for women entrepreneurs, now is the moment for a sober assessment of what has not worked, and fresh ideas on what could. A pivotal step is to learn from the tried and tested CRA architecture to carve out spaces in each country’s financial system, spaces that are context-appropriate and built to take direction from local communities. [Read more ([link removed] ) ]

A Texas Community Attracts Migrant Home Buyers, And Republican Ire

By J David Goodman, The New York Times

With a new wave of migrants arriving at the southern border in recent weeks, the sprawling development has become a lightning rod for conservatives in the state and highlighted a growing tension within the Republican Party: those who focus on business freedom, and others determined to control the border. [Read more ([link removed] ) ]

DC Residents Face Long Housing Aid Delays As 3,100 Vouchers Sit Unused

By Meagan Flynn and Marissa J Lang, The Washington Post

“Lives are in the balance. I say that a lot because I want there to be some awareness that when we have people’s applications sitting there for four, five, six months, that’s another six months they might be living outside,” said Andy Wassenich, the assistant director of outreach at the homeless services nonprofit Miriam’s Kitchen, which contracts with the city to provide homeless outreach and case managers. [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] ) ]

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