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CRA For The Securities Industry: A Tool For Combating Wealth Inequality And For Increasing Accountability
By Josh Silver
If it is not applied more broadly, evolution in the financial industry will erode the statutory purpose of CRA to increase access to credit and capital for low- and moderate-income (LMI) communities. [Read more]
Lending Discrimination Faced By Same-Sex Couples In The Mortgage Arena
By Anneliese Lederer and Jake Lilien
LGBTQ+ Americans are less likely to own their homes when compared to their straight, cisgender counterparts, and they are more likely to experience financial hardship. [Read more]
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Field Notes
Will Local Resolutions Against Racism Make A Difference?
By Marjanna Smith and Karen Kali
As COVID-19 disproportionately affects Black, indigenous and people of color (BIPOC) and police violence perpetuates devastation to families and communities of color, local governments across the country are acknowledging racism as a public health crisis through public declarations. [Read more]
A Just Economy Requires A New Civil Rights Movement
By Maxim Applegate
Richard Rothstein outlines what’s necessary to undo residential segregation in NCRC’s Just Economy Series. [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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Upcoming Events
From Here To Equality: Reparations For Black Americans In The 21st Century
September 9, 1:00pm - 2:30pm ET
Join NCRC for a conversation with William “Sandy” Darity and Kirsten Mullen, authors of “From Here to Equality: Reparations for Black Americans in the Twenty-First Century.” [Register now]
Older Adults, Banking And Financial Management During COVID-19
September 10, 1:00pm - 2:00pm ET
Join NCRC as we discuss highlights from the Financial Health Network’s Fintech Over 50 report. [Register now]
Disaster Preparedness Guide – Part II: Tools For Practitioners
September 10, 2:00pm - 3:30pm ET
Join NCRC's Training Academy as we outline opportunities for practitioners to support their agency in the development and implementation of plans, policies and procedures. [Register now]
Disaster Preparedness & Recovery Counseling
September 14-15, 10:00am - 3:00pm ET
Join NCRC's National Training Academy as we share tips, techniques and best practices surrounding disaster preparedness and ways to find funding. [Register now]
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In the News
Would Postal Banking Save The Post Office?
By Lisa Rowan, Forbes
Whatever the reason, being un- or underbanked can be expensive. “They’re paying more to access credit,” by paying fees to check cashers or other bank alternatives, explains Jesse Van Tol, CEO of the National Community Reinvestment Coalition. [Read more]
Huntington Pledges $20 Billion To Address Racial, Income Inequality
By Laura Alix, American Banker
The plan is particularly focused on low-income communities and people of color and follows a similar pledge that was completed a year ahead of schedule and developed with input from the National Community Reinvestment Coalition. [Read more]
State’s $62 Million Fund For Black Oregonians Attracts 7,000 Applications In 4 Days
By Jamie Goldberg, The Oregonian/OregonLive
A study conducted by the National Community Reinvestment Coalition in July found that Black business owners had a harder time securing coronavirus financial relief than White business owners. [Read more]
How A CEO coalition Aims To Advance D&I — Internally And In Society
By Sheryl Estrada, HRDive
Amid the pandemic, a July report by the National Community Reinvestment Coalition found that disparities in small business lending have continued. [Read more]
Florida's Minority Businesses Could Have Benefited From Race Question For PPP Loans, Experts Say
By Forrest Saunders, WPTV
“Worse than it being frustrating, it could be fatal,” said Dedrick Asante Muhammad, chief of Race, Wealth and Community for the National Community Reinvestment Coalition. "If we don’t have a clear analysis of how well we’re serving them and we have to start from scratch to get a better understanding, by the time we figure this out— small businesses usually can’t close for more than a few months before these closures become permanent.” [Read more]
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On Our Radar
Top Regulator Pushes Ahead With Plan To Reshape Banking, Sparking Clash With States
By Victoria Guida, Politico
A charter would give these companies the ability to operate across state borders with a single set of rules, as well as to expand the suite of financial services they offer. [Read more]
For BIPOC Communities, Local News Crisis Extends Beyond Major Cities
By Letrell Deshan Crittenden and Andrea Wenzel, Columbia Journalism Review
U.S. news outlets have been grappling with the disconnect between their organizations and the Black, Indigenous and people of color communities they serve. Considering these communities are among those hardest hit by the coronavirus pandemic, a lack of access to information in these precarious times is literally a health risk. [Read More]
When Retirement Comes Too Early
By Paula Span, The New York Times
Workplaces have grown steadily less friendly to older employees, and the pandemic has pushed more of these workers from the labor market. [Read more]
Online Lenders Could Trigger a New Consumer Financial Crisis
By Alyssa Katz, The Intercept
As aggressive online lenders are preying on desperate borrowers, the surge in fintech lending may have dire consequences for American consumers. [Read more]
The Child Care Industry's Plight
By Erica Pandey, Axios
"The child care system needs a large-scale, immediate bailout. Full stop." [Read more]
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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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