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Just News

for February 16, 2024

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

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Announcements

2024 Just Economy Conference Full Schedule Now Available

By NCRC

Check out the full schedule for the 2024 Just Economy Conference and register today! [Register now ([link removed] ) ]

News

NCRC Statement On Bank Lobbyist Lawsuit To Block Community Reinvestment Act Rules

By NCRC

"The banking industry is showing its true colors. Out of one side of their mouth they say higher capital requirements will hurt people of color and low-income people, but then out of the other they attack the nation’s preeminent law requiring them to lend to those same people. Nobody should believe them when they say they care about lending to working-class people and people of color. On top of this, they’re fighting to dismantle the CFPB, and they’ve even asked the courts to let them out of such mild irritations as ‘tell us who you do and don’t lend money to for small business activity.’" [Read More ([link removed] ) ]

Research

An Initial Overview of Banking Institutions’ Racial Economic Equity Commitments

By NCRC

Three years after George Floyd was murdered, in an attempt to assess the fulfillment and impact of some of the promises made, the NCRC reviewed pledges by the nation’s 25 largest banking institutions and the commitments of leading fintech organizations. [Read More ([link removed] ) ]

Views

The Banking Lobby's Cynical And Hollow Challenge To The Community Reinvestment Act Rule

By Brad Blower, NCRC

In an all too familiar scenario, some of the largest players in the banking industry are using the federal courts as a means to delay or completely kill a federal rule intended to benefit consumers and ensure safe, sound and non-discriminatory lending. On February 5, 2024, a group of the largest bank lobbying trade associations filed a complaint in Texas district federal court challenging a newly issued regulatory rule intended to update the standards for examining banks’ compliance with the Community Reinvestment Act (CRA). The trade associations, which include the American Bankers Association (ABA), the Independent Community Bankers of America (ICBA), the Chamber of Commerce of the United States (Chamber) and three Texas-based banking lobbying groups argue in their complaint that three agencies charged by Congress to oversee the CRA violated the Administrative Procedures Act (APA) by exceeding the authority that Congress had provided and acted “arbitrarily and capriciously” in issuing the rule. The complaint seeks to stop the CRA rule from ever being implemented. [Read More ([link removed] ) ]

Events

Redlining The Reservation

February 20, 3 to 4 pm ET

Learn how tribal areas have been cut out of the financial system, and what can be done about it in our webinar “Redlining the Reservation” on February 20. Hear how changes in CRA enable CDFIs to better engage in community development, mortgage lending, and small business investment on Native Lands. [Register Here ([link removed] ) ]

Fast Track To Certification

February 26 through March 1, 6 to 9 pm ET

Embark on an exciting journey to conquer the HUD Housing Counseling Exam! Say goodbye to mundane study sessions and hello to a vibrant virtual experience designed to make learning engaging and effective. Join a community of housing counselors for a collaborative exploration of the six core exam topics, where peer discussions and interactive activities will turn your exam preparation into an exhilarating adventure. Don't just study – immerse yourself in a dynamic learning environment that sparks curiosity and fuels success! [Register Here ([link removed] ) ]

Habitat for Humanity's 2024 Affiliate Conference

March 6, 8 am - 5 pm ET

Habitat for Humanity’s 2024 Affiliate Conference is March 4-7 in Atlanta, Georgia. NCRC’s Senior Policy Advisor Kevin Hill will be speaking on the panel, “The Community Reinvestment Act (CRA): What is it? How Can Affiliates Use It to Increase Production?” [Register Here ([link removed] ) ]

In The News

Why Boston’s Wealthy Back Bay Said Yes, In Our Backyard

By Troy Aidan Sambajon, The Christian Science Monitor

In the United States, Boston is the third-most-expensive city for renters, according to January data from the rental platform Zumper. In 2020, Boston was ranked the third-most-gentrified city, according to a study by the National Community Reinvestment Coalition. As housing prices rise, shelters across the state say they are at or over capacity. [Read More]

TD Bank Announces $20 Billion Community Impact Plan For 15 States, Including SC

By Megan Fitzgerald, Upstate Business Journal

TD Bank recently announced a three-year community impact plan to provide an estimated $20 billion in support to diverse and underserved communities. The plan was developed with insight from the National Community Reinvestment Coalition. Its strategy is to target communities across 15 states and Washington, DC – including South Carolina. [Read More ([link removed] ) ]

On Our Radar

'I Was Terrified': Black Women May Prefer Black OB-GYNs Due To Fear Of Discrimination, Dying During Pregnancy

By Claretta Bellamy, NBC News

Fear of discrimination and dying during pregnancy and childbirth may lead pregnant Black women to prefer seeing a Black obstetrician, a small study suggests. Researchers at the University of North Carolina at Chapel Hill conducted a series of interviews and focus groups with 32 Black women ages 27 to 34 about their past experiences with obstetric care, along with their perspectives about having a Black obstetrician. The study’s findings were presented Wednesday at the Society for Maternal-Fetal Medicine’s annual meeting in National Harbor, Maryland. [Read More ([link removed] ) ]

'We Need Housing': Healey Tells Milton To Approve Multifamily Zoning

By Molly Farrar, Boston.com

The town-wide vote will determine if Milton’s zoning bylaws will change to be compliant with the state’s MBTA Communities Act, a 2021 law that requires communities near transit lines to change zoning to allow for more multifamily units. In December, Milton approved the zoning bylaws change during a Special Town Meeting, but a petition with about 3,000 signatures gives voters another chance to make their voices heard on the changes. [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] ) ]

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