Unprecedented Analysis Of Financial Needs In Indian Country Demands Change From Banks In Native American Community Development Investments
By NCRC
Traditional financial services providers are failing communities on and near tribal lands to such an extent that change is only possible if funders begin routing resources through locally operated and culturally attuned Native American organizations, a new report from the National Community Reinvestment Coalition and Native Community Capital has found. [Read more]
NCRC Statement: House Majority’s Doomed Vote Against Section 1071 Rules Is An Attack On Small Business
By NCRC
House Republicans today passed a resolution to repeal vital small business data lending rules known as Section 1071, a resolution President Biden has pledged to veto. National Community Reinvestment Coalition President and CEO Jesse Van Tol released the following statement. [Read more]
Research
NCRC’s Guide To The 2023 Community Reinvestment Act Final Rule
By Kevin Hill, NCRC
The Retail Lending Test is much more objective and transparent thanks to these changes. The expansion of the test’s reach and reformulation of its scoring process for large banks should make this CRA component’s incentives much stronger. [Read more]
REDLINING THE RESERVATION: The Brutal Cost Of Financial Services Inaccessibility In Native Communities
By Dave Castillo, Bruce C. Mitchell, PhD, Jason Richardson, and Jad Edlebi, NCRC
Citizens on tribal lands live starkly different lives from Americans living in other areas: Tribal areas face infrastructure challenges not only in transportation connectivity and internet access, but in basic quality-of-life necessities like electricity, fresh water, sanitation and heating/cooling systems. [Read more]
Field Notes
Give A Warm Welcome To NCRC’s Newest Members
NCRC’s membership spans more than 700 local, state and regional nonprofits, educational and faith-based institutions and government entities across the nation. [Read more]
Video
Video: Fintech Innovations For Entrepreneurs
Online Event Archive Recorded November 14, 2023
Can smart applications of financial technology give small businesses a competitive edge? Check out innovative products that allow small businesses to more efficiently manage capital flow and to provide valuable benefits to their employees with minimal cost. Hear from the entrepreneurs behind these products directly, and consider how they might help the businesses you serve.
2024 Just Economy Conference: Registration Now Open
By NCRC
The Just Economy Conference is the leading national conference for economic and social justice. Don’t miss your chance to join activists, elected officials, policymakers, community leaders, civil rights groups, faith-based organizations and economic and social justice advocates from across the nation. We are so excited to invite you to join us in person from April 2-4 in Washington, DC!
New Jersey Reparations Council, U. Community Panelists Discuss Reparations For Systemic Racism
By Mana Mehdizadeh, The Daily Targum
During public comments, Nicole Nelson, a senior policy advisor at the National Community Reinvestment Coalition, talked about racial barriers in homeownership in South Orange and Maplewood in Essex County. She linked them to the effects of chattel slavery and anti-immigration laws targeting African and Caribbean nations. [Read more]
The Editorial Board: KeyBank Must Offer More Than Promises To Black And Low-Income Borrowers
By The Buffalo News
A report from the National Community Reinvestment Coalition found that when there are fewer branches in an area, more people use “alternative financial services that open them to unregulated and predatory financial practices." [Read more]
On Our Radar
New Legislation Proposes To Take Wall Street Out Of The Housing Market
By Ronda Kaysen, The New York Times
The bill would require hedge funds, defined as corporations, partnerships or real estate investment trusts that manage funds pooled from investors, to sell off all the single-family homes they own over a 10-year period, and eventually prohibit such companies from owning any single-family homes at all. [Read more]
Life Insurers Binge On US Financing Aimed At Helping Housing
By Koh Gui Qing, Reuters
Major life insurers are accessing cheap funding at record levels from a U.S. government-backed financing system, sapping billions of dollars meant to help increase affordable housing, interviews with industry executives and regulatory disclosures show. [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]
.png?width=400&upscale=true&name=NCRC%20color%20FINAL%20(1).png)