January 2025 Race, Jobs and the Economy Update
NCRC ([link removed] )
Just News
for January 17, 2025
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org ([link removed] ) .
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Announcements
Last Day To Join NCRC’s #JustEconomy Spirit Contest And Win Exclusive Conference Access!
From January 7-17, post a memorable story from a past Just Economy Conference or Summit or a photo of Just Economy/NCRC logo merchandise on social media with the hashtag #JustEconomy and you could win a free Just Economy Conference ticket and two-night stay at the Washington Hilton. [Read more ([link removed] ) ]
Views
Strong Holiday Spending Masks Consumer Debt Woes: January 2025 Race, Jobs and the Economy Update
By Joseph Dean
Households will continue to be squeezed by inflation on the consumer side and high mortgage rates on the investment side. Though mortgage rates and interest rates in general are still expected to decline this year, the unpredictability of the incoming administration along with rising household debt defaults make this expectation dubious. [Read more ([link removed] ) ]
Events
Protect Your Business: Key Strategies To Safeguard Your Future
January 23 , 10 am – 12 pm ET
In this session, NCRC CDF will walk you through the critical steps to protect your business from risks. From selecting the right business structure and securing intellectual property to understanding insurance needs and implementing cybersecurity best practices, we’ll cover it all. Whether you’re starting out or looking to fortify your existing business, this session equips you with the tools to ensure long-term protection and success. [Register here ([link removed] ) ]
Leading With Impact: Strategies For Inspiring Teams And Driving Success
January 23 , 12 pm – 1:30 pm ET
Join NCRC’s National Training Academy to discover the key principles of effective leadership in this engaging webinar. Learn how to inspire and empower your team, navigate challenges with confidence and cultivate a culture of innovation and collaboration. Whether you’re a seasoned leader or aspiring to take on a leadership role, this session will provide actionable strategies and insights to elevate your impact and achieve your goals. [Register here ([link removed] ) ]
Finding Capital for Your Startup
January 30 , 10 am – 12 pm ET
In this session, NCRC CDF will explore a variety of funding options for your startup, including loans, venture capital, crowdfunding, and grants. You’ll gain insight into how each funding source works, what investors are looking for, and how to prepare the necessary documents and pitches to increase your chances of success. Whether you’re seeking initial funding or aiming for a larger-scale investment, this session will help you identify the best funding fit for your business model and equip you with the tools and knowledge to approach different funding sources with confidence. [Register here ([link removed] ) ]
On Our Radar
Locking The Door On Corporate Housing Rollups
By Pat Garofalo, Boondoggle
[I]t’s a very big deal that one of the Democratic governors most closely aligned with the more corporate wing of the party has come out in favor of these strong anti-monopoly measures. I’m now even more convinced that others will follow along[...] Here are the facts and figures behind the political energy on this topic, in states both blue and red. [Read more ([link removed] ) ]
Former Wells Fargo Executives Fined For Role In Fraudulent Bank Accounts
By Katherine Hamilton, The Wall Street Journal
The fines are related to sales misconduct in the mid-2010s. In 2016, the Consumer Financial Protection Bureau fined Wells Fargo for illegally creating millions of fraudulent bank accounts for clients without their consent or knowledge. It was the result of aggressive internal sales goals, the OCC said. [Read more ([link removed] ) ]
Supreme Court To Determine What Constitutes 'Truth' In Banking
By Claire Williams, American Banker
Former Chicago alderman Patrick Daley Thompson, a member of one of Chicago's most prominent political dynasties, served four months in federal prison for making false statements to the Federal Deposit Insurance Corp. about bank loans. [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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