News
NCRC Condemns CFPB Move To Gut Payday Loan Restrictions
On Tuesday, the Consumer Financial Protection Bureau (CFPB) issued a small-dollar loan final rule that will strip away protections that had been the hallmark of the original 2017 rule. [Read more]
Trump Threatens To “End” An Anti-Segregation Rule That’s Already Crumbling Under His Administration
In a tweet last week, President Trump threatened a vital piece of the 1968 Fair Housing Act (FHA). The 2015 Affirmatively Furthering Fair Housing (AFFH) rule finally addressed and strengthened the FHA requirement that the government do something to end housing discrimination and segregation. [Read more]
Mortgage Data Reveals Disparities In Same-Sex Lending
Same-sex couples paid higher interest rates and closing fees on home loans, a new analysis found. [Read more]
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Field Notes
Young Scholar Starts At The Intersection Of Residential Segregation And Health
When our communications team was asked to review and possibly publish an article by Julia Perrino, we were immediately impressed with her writing ability. When we realized she was in High School, we knew we had to do a complemental story just on her. [Read more]
The Expansion Of Telemedicine Underscores Existing Disparities In Healthcare Access
The COVID-19 pandemic has led to an increased use of telemedicine, demonstrating the benefits of remote care. It has also amplified disparities in healthcare. [Read more]
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Views
Federal Regulators Should Refrain From Making A True Lender Rule
In the coming weeks, we expect the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to propose a rule for the “true lender” doctrine, an act that will have a negative impact on the ability of states to protect their residents from high-cost lending. [Read more]
COVID-19 And The CFPB Consumer Complaint Database
Local businesses are devastated and state agencies overwhelmed as people stay at home to preserve their health and apply for government assistance to maintain financial solvency. An unexpected side effect of this was a simultaneous increase in consumer complaints filed with the Consumer Finance Protection Bureau. [Read more]
Are All Americans Equal?
The COVID–19 virus, the current economic recession and national protests have made many of us think deeper about whether things are fair; whether as Americans we are treated all alike. [Read more]
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Resources
Resources To Help Support The Black Lives Matter Movement
If you are interested in supporting Black Lives Matter, these resources may be helpful for you. [Read more]
NCRC COVID-19 Resource Page
We've compiled and are updating an index of COVID-19 resources for communities, small businesses, individuals and organizations that serve them, such as housing counseling agencies. [Read more]
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Webinars
Research Walkthrough - NCRC May Branch Change Report
July 13, 1-1:30 pm ET
Join NCRC’s Director of Research & Evaluation, Jason Richardson, for a breakdown of monthly branch closures. [Register now]
Housing Counseling Network (HCN) Open Enrollment Information Session
July 15, 2-3 pm ET
This webinar is for all agencies providing housing counseling services that are interested in joining NCRC's Housing Counseling Network. [Register now]
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In the News
Small Business Loan Data Includes Little About Race
The data makes it “difficult to assess who is getting the loans,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a nonprofit focused on ending discrimination in lending, housing and business. “The program design and data collection were so loose it allowed for potential gaming around who [banks] were serving.” [Center for Public Integrity]
California Has 5 Of The Top 20 Most Gentrified US Cities, Topped By San Francisco-Oakland, Study Shows.
“COVID-19 struck a nation that was already mostly struggling,” Jesse Van Tol, CEO of NCRC, said in a news release. “Recovery in most places will be even more challenging than in those where investment was already concentrated. There is no doubt that the protests that have erupted nationwide are at least in part motivated by the nation’s long history of racial economic inequality.” [USA Today]
New Report Ranks Denver For Gentrification
The National Community Reinvestment Coalition released the report ranking Denver the second-most gentrified city in the nation. [9 News]
CFPB Scraps Ability-to-Repay Provision From Payday Rule: Instant Reaction
Adam Rust, senior policy advisor at the National Community Reinvestment Coalition, said, “It’s a letdown that consumer advocates saw coming. The ability to repay guidelines were common sense, they were based on good research." [Morning Consult]
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On Our Radar
Apology For Bank's Ties To Slavery Comes From Truist's Top Executive
The authors of “Genealogy of American Finance” said the bank played a pivotal role in helping eastern N.C. “rise from the ashes of Old Dixie.” [Winston-Salem Journal]
Banks Should Face History And Pay Reparations
The financial industry can close the wealth gap and serve as a model for a nation struggling to reckon with racism. [New York Times]
Black Families Pay Significantly Higher Property Taxes Than White Families, New Analysis Shows
State by state, neighborhood by neighborhood, Black families pay 13% more in property taxes each year than a White family would in the same situation, a massive new data analysis shows. [Washington Post]
It’s Past Time To Dismantle Racism In The Outdoors
The history of parks and public lands is largely anti-Black, discriminatory and disturbing. The creation of many of these places caused the forced displacement of Native Nations, which we have failed to reconcile centuries later. [Sierra Club]
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#AfterThis: A Virtual Hug
Here's something new and different from NCRC to encourage hope, creativity and a Just Economy: afterth.is.
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