NCRC ([link removed] )
Just News
for March 15, 2024
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org ([link removed] ) .
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Announcements
Federal Banking Regulators At The 2024 Just Economy Conference
Register now to be sure you hear Michael J. Hsu, Acting Comptroller of the Currency, Michael S. Barr, Vice Chair for Supervision of the Board of Governors of the Federal Reserve System, and Martin Gruenberg, Chairman of the Board of Directors of the Federal Deposit Insurance Corporation, live at the 2024 Just Economy Conference! [Register now ([link removed] ) ]
News
NCRC Awarded Largest HUD Housing Counseling Training And Services Grant
By NCRC
The National Community Reinvestment Coalition was one of seven nonprofits to be awarded a grant from the US Department of Housing and Urban Development to provide training and education for current and prospective HUD-Certified housing counselors. NCRC was awarded $578,416.92. [Read More ([link removed] ) ]
Regulators Should Block Capital One-Discover Merger, Advocacy Groups Write In Joint Letter
By NCRC
“The scale and scope of harms represented by this transaction are enormous,” the National Community Reinvestment Coalition, the American Economic Liberties Project, Public Citizen, Americans for Financial Reform and 18 other signers wrote in the letter ([link removed] ) . “The threat is grave, not just to the dynamism of the economy and the stability and competitiveness of the financial services sector, but to American businesses and the health of consumers across the country. Bank regulators, and, if necessary, the Justice Department, must deny it.” [Read More ([link removed] ) ]
National Community Reinvestment Coalition’s Community Development Fund A Finalist In Truist Foundation’s 2024 Inspire Awards
By NCRC
Truist Foundation is hosting a live stream event on Wednesday, April 24, 2024, to hear from the seven finalists, including NCRC CDF. Each finalist will be given the opportunity to pitch their innovative, tech-based solutions to a live audience, who will then be able to vote for their favorite innovation. Register now for your virtual front-row seat. Then prepare to cast your vote for NCRC CDF! [Read More ([link removed] ) ]
Views
Joint Statement In Support Of CFPB 1033 Rulemaking
By NCRC
As a group, we have found agreement that the proposed Section 1033 rulemaking has the potential to improve the quality of financial services available to consumers, including low-income and underserved consumers, if consumer privacy and data control rights are sufficiently protected. To that end, we offer three areas of consensus that we identified, for CFPB’s consideration. [Read More ([link removed] ) ]
Gender Differences In Unemployment Trends: Race, Jobs And The Economy Update For February 2024
By Joseph Dean and Estee Smith
The Bureau of Labor Statistics (BLS) monthly jobs report and the ADP National Employment Report provide a deep look into employment and income. The February BLS report has the unemployment rate at 3.4% for White workers, 5.6% for Black workers, 3.4% for Asian workers and 5.0% for Hispanic workers.
In this edition of our Race, Jobs and the Economy series analyzing the monthly jobs numbers, we focus on women in the workforce to celebrate Women’s History Month. [Read more ([link removed] ) ]
Video
Redlining The Reservation
By NCRC
Citizens on tribal lands live starkly different lives from Americans living in other areas, with limited quality-of-life necessities like electricity, fresh water, sanitation and heating and cooling systems for housing. 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." [Read More ([link removed] ) ]
Events
NCRC CDF's Navigating Business Financing Webinar Series: Session 1: Accessing Business Capital: Navigating Funding Options
March 22, 10 am ET
Are you prepared to elevate your business? Join us for an engaging webinar featuring Lucretia Freeman-Buster, a former banker and small business expert, as she demystifies the intricacies of business financing. Whether you’re an aspiring entrepreneur or an experience business owner, this session is designed to equip you with the knowledge and resources necessary to effectively navigate different funding opportunities. [Register Here ([link removed] ) ]
2024 Prosperity Indiana Summit
April 9-10
Please join NCRC President and CEO Jesse Van Tol at the 2024 Prosperity Indiana Summit. This in-person summit is the premier community economic development conference in Indiana and your chance to join affordable housing developers, nonprofit service providers, policymakers, local units of government, and financial institutions in creating equitable and attainable housing for all Hoosiers. [Register Here ([link removed] ) ]
In The News
Why The Community Reinvestment Act Is Back In The News - Again
By Oscar Perry Abello, Next City
Over at Fast Company, financial journalist James Surowiecki writes that the Capital One-Discover merger could be a boon for consumers and business owners, who could see lower swipe fees with the addition of a larger competitor to Visa and MasterCard. But bank watchdogs, consumer rights, and civil rights groups remain unconvinced, with 18 signatories so far to a letter detailing numerous concerns that include what they view as violations of the Community Reinvestment Act as well as potential violations of federal anti-trust laws. [Read More ([link removed] ) ]
Capital One And Discover Merger ‘Dangerous’, Consumer Groups Tell Fed
By Callum Jones, The Guardian
Jesse Van Tol, president and CEO of National Community Reinvestment Coalition, another signatory to the letter, said: “Capital One is a notorious bad actor, even at its current size, and should not be allowed to further concentrate market power.” [Read more ([link removed] ) ]
On Our Radar
'Bellwether For The City': Housing Advocates Say Luxury Townhomes In South Philly Violates Legal Agreement
By Aaron Moselle, Whyy
The building’s appeal has faded recently, however. Roughly two years ago, the owners of St. Anthony’s began building a row of luxury townhomes on part of the property’s parking lot. Tenants were barred from using the lot and made to park on the street. Burris, who lives on a fixed income, has seen her car broken into twice since then, forcing her to replace two windows. [Read More ([link removed] ) ]
American Dream Of Owning A Home Is Dead, Majority Of Renters Say
By Betsy Reed, The Guardian
The American dream of owning your own home is dead, according to the majority of renters surveyed in a new poll shared exclusively with the Guardian and the areas they live in have become so unaffordable they are "barely livable." [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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