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** Just News
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for July 16, 2020

News and views from the National Community Reinvestment Coalition. Find more at ncrc.org. For continuous updates, follow us on Twitter ([link removed][UNIQID]) and Facebook ([link removed][UNIQID]) .


** News
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Despite Gaping Holes In Government Data, Tests Show PPP Borrowers Faced Discrimination
An NCRC study that used testers who talked directly with banks about loans to help their small businesses stay open during the coronavirus pandemic found that White applicants were treated better than Black applicants. [Read more] ([link removed][UNIQID])

Civil Rights Groups Commend Top Mortgage Lenders And Industry Leaders For Urging HUD To Reconsider Disparate Impact Rule
NCRC and other civil rights organizations also renew their push for HUD to cancel its plan to weaken the Disparate Impact rule. [Read more] ([link removed][UNIQID])


** Field Notes
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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] ([link removed][UNIQID])

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] ([link removed][UNIQID]&mc_cid=cd3412ee61&mc_eid=[UNIQID])


** Views
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Government Data On PPP Loans Is Mostly Worthless, But It’s Not Too Late To Fix It
The SBA didn’t require demographic data and most PPP applications didn’t include it. [Read more] ([link removed][UNIQID])

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] ([link removed][UNIQID])

Advancing Corporate Commitment To Racial Economic Justice
Corporations across the country are pledging action and millions of dollars of investment into “racial justice” causes, yet there has been very little movement in one of the easiest areas to make advancement: racial and ethnic representation and procurement by corporations. [ ([link removed]) Read more] ([link removed][UNIQID])


** Resources
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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] ([link removed][UNIQID])

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] ([link removed][UNIQID])


** Upcoming Events
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A conversation with Nikole Hannah-Jones: Reparations and Beyond
July 21, 1-2:30 pm ET
Join NCRC for a conversation between Pulitzer Prize-winning creator of the 1619 Project Nikole Hannah-Jones and NCRC CEO Jesse Van Tol, facilitated by journalist Oscar Perry Abello. [Register now] ([link removed][UNIQID])

Through the Storm: Wisdom from Community Development Leaders
July 23, 1-2:30 pm ET
Join NCRC for a discussion with strong visionary community development leaders as they share insights, challenges, and leadership strategies. [Register now] ([link removed][UNIQID]&mc_cid=cd3412ee61&mc_eid=[UNIQID])

Federal Agency Strategies For Reducing Elder Fraud
August 4, 1-2 pm ET
Join NCRC to discuss efforts addressing scams targeting the elderly. [Register now] ([link removed][UNIQID]&mc_cid=cd3412ee61&mc_eid=[UNIQID])


** In the News
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Black Business Owners Had a Harder Time Getting Federal Aid, a Study Finds
A new study looked at how more than a dozen Washington-area banks handled requests for loans under the federal government’s Paycheck Protection Program. It was conducted by the National Community Reinvestment Coalition, a nonprofit in Washington, in partnership with researchers from universities in Utah and New Jersey. [New York Times] ([link removed][UNIQID])

Black Applicants Faced Discrimination In Securing PPP Loans, Study Finds
The National Community Reinvestment Coalition sent Black and white testers with similar profiles to talk to banks about securing PPP loans to help their small businesses stay afloat during the coronavirus crisis. They found “different levels of encouragement to apply for loans, different products offered and different information provided by bank representatives.” [Politico] ([link removed][UNIQID])

White Paycheck Protection Program Borrowers Were Treated Better Than Black Borrowers, Study Says
A new study claims white applicants looking to secure Paycheck Protection Program (PPP) loans to help small businesses stay afloat during the coronavirus pandemic were treated more fairly than Black applicants. The study conducted by the National Community Reinvestment Coalition (NCRC) sent Black and white borrowers with similar credit and asset characteristics to talk directly with banks about the federal loans. [The Hill] ([link removed][UNIQID])

The Simplest Way To Close The Racial Wealth Gap? Direct Cash Payments
Here’s Dedrick Asante-Muhammad's proposal: give $20,000 to every American with an enslaved ancestor, every year, for 20 years. Dedrick Asante-Muhammad is the chief of race, wealth, and community at the National Community Reinvestment Coalition. [The Guardian] ([link removed][UNIQID])

A West Woodlawn Native Wants To Right Redlining Wrongs With Some Greenlining — And He’s Starting In The Neighborhood Where He Grew Up
McMorris, a Washington, D.C.-based real estate developer and civil rights activist, has formed a new property redevelopment firm meant to right the wrongs of redlining, in partnership with the National Community Reinvestment Coalition. [Chicago Tribune] ([link removed][UNIQID])

Redlining in America: How a history of housing discrimination endures
Cities could also take action by revising their zoning policies to promote more diversity and inclusion, said Jesse Van Tol, CEO of the National Community Reinvestment Coalition. [Thomson Reuters Foundation] ([link removed][UNIQID])

Pandemic Hits Housing Affordability Where It Already Hurts
Parts of the Bay Area, particularly San Francisco and Oakland, have been subject to some of the highest rates of gentrification in the nation, according to a new study by the National Community Community Reinvestment Coalition. [Stanford Daily] ([link removed][UNIQID])


** On Our Radar
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Trump Financial Regulator Quietly Shelved Discrimination Probes Into Lenders
At least six investigations into discriminatory mortgage loan “redlining” have been halted or stalled — against staff recommendations — under the Trump administration’s Office of the Comptroller of the Currency. [ProPublica] ([link removed][UNIQID])

Opinion | Racial Justice Requires Ending Policy Discriminations that Thwart Economic Equity
The fundamental American ideal is that every individual is entitled to “life, liberty, and the pursuit of happiness.” But the fullness of the American Dream has remained persistently elusive for generations of Black Americans. [The Hill] ([link removed][UNIQID])

Don't Use Coronavirus As Excuse to Close Branches, OCC Says
Despite the pandemic, Brooks said the OCC is not prepared to let banks skirt existing regulations when it comes to closing branches.

"I think the idea of, 'We'll just go ahead and let branches abandon our cities' — I think we'd regret that on the back end of this," he told the Financial Times. [Banking Dive] ([link removed][UNIQID])

#AfterThis: A Virtual Hug
Here's something new and different from NCRC to encourage hope, creativity and a Just Economy: afterth.is ([link removed][UNIQID]) .
New to NCRC? Here's our story. ([link removed][UNIQID])
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