Proposed Changes to Small Business Lending Data; Racial Wealth Snapshot and more.

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** Just News
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for September 18, 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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NCRC Launches Publishing Series on Segregation, Environment and Health
Last week, a team of researchers from NCRC, the University of Wisconsin-Milwaukee School of Public Health and University of Richmond Digital Scholarship Lab produced a report with maps and data from 142 cities that showed how historic discrimination in lending and investing in entire neighborhoods correlates with shorter life expectancy today and higher rates of diseases that are risk factors for COVID-19. [Read More] ([link removed][UNIQID])

CFPB Proposed Changes to Small Business Lending Data a Step in the Right Direction
The Consumer Financial Protection Bureau (CFPB) released yesterday an outline of proposals under consideration to collect data on lending to small businesses and help identify and address discrimination. [Read More] ([link removed][UNIQID])

NCRC Hires Marisa Calderon as New Executive Director of Community Development Fund
Calderon, based in California, was executive director at the National Association of Hispanic Real Estate Professionals (NAHREP) and authored their annual publication, the State of Hispanic Homeownership Report. She currently serves as the board secretary for NAHREP’s Hispanic Wealth Project. Calderon is ranked on the Swanepoel Power 200 and was named a HousingWire 2018 Woman of Influence for increasing real estate professionals’ understanding and appreciation of the Hispanic market. [Read More] ([link removed][UNIQID])

NCRC Hires Tom Feltner as New Director of Policy
Feltner, based in North Carolina, was most recently executive vice president at the Center for Responsible Lending where he researched mortgage lending, small business lending and consumer credit policy, and led the organization’s polling on economic and financial service issues. Previously, he worked for the Consumer Federation of America, the Chicago-based Woodstock Institute and served as a member on the consumer advisory councils for JP Morgan Chase, Capital One and American Express. [Read More] ([link removed][UNIQID])


** Research
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Racial Wealth Snapshot: Immigration and The Racial Wealth Divide
By Dedrick Asante-Muhammad and Sally Sim
The United States has more immigrants than any country in the world. In 2018, approximately 44.7 million immigrants lived in the United States, accounting for 13.7% of the country’s population. Although immigration has always played a key role in the history and the making of the United States, from the colonial era to the California gold rush and Ellis island, the United States recently saw immigration slow down during the Great Recession. [Read More] ([link removed][UNIQID])

Redlining and Neighborhood Health
New NCRC report shows that there is a higher prevalence of COVID-19 risk factors in historically “redlined” neighborhoods. This paper is one of the first of its kind to examine historical redlining in cities across the nation on numerous present-day neighborhood health outcomes. [Read more] ([link removed][UNIQID])


** Views
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Principles For CRA Reform: Strengthen Exams For Banks
By Josh Silver
By holding banks accountable for serving local communities, the Community Reinvestment Act (CRA) has leveraged trillions of dollars of responsible loans, investments and services for traditionally underserved communities. The Office of the Comptroller of the Currency (OCC) issued damaging changes to its CRA regulations in May. The two other federal banking agencies, the Federal Reserve Board and the Federal Deposit Insurance Corporation, are still considering changes to the CRA regulation and examination procedures. [Read More] ([link removed][UNIQID])

Mapping Inequality: There Were No Dog Whistles, The Racism Was Loud And Clear.
By Robert K. Nelson, University of Richmond Digital Scholarship Lab
It’s not too simple to say that governmental housing policies that endorsed and promoted segregation and racism had a profound and lasting legacy that we can still see in the landscape of American cities today. [Read more] ([link removed][UNIQID])

Environmental Justice And COVID-19: Some Are Living In A Syndemic
By Rita T. Harris, Sierra Club
NCRC's new report ([link removed][UNIQID]) highlights the national impact of redlining and segregation on the health of Black communities. Here's how those findings relate to the history of racism and environmental justice with a focus on Memphis. [Read more] ([link removed][UNIQID])


** Field Notes
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New Member Profile: Habitat For Humanity Of Greater Charlottesville
By Shelley Cole
First and foremost, we build homes in partnership with low-income families, volunteers and members of the community, and sell them to those low-income families with affordable mortgages. In addition, we prepare homebuyers for homeownership with financial and housing counseling and education. [Read More] ([link removed][UNIQID])

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] ([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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Nonprofits Sustainability
September 22, 2:00 pm - 3:30 pm EDT
Join NCRC as we discuss developing a sustainability plan to meet long-term goals that help diversify revenue sources for your organization. [Register now] ([link removed][UNIQID])

Disaster Preparedness & Recovery Counseling
September 28, 10:00 am EDT - September 29, 3:00 pm EDT
Join NCRC's Training Academy to learn how to prepare for a natural disaster in the midst of this current pandemic and more. [Register now] ([link removed][UNIQID])

Mayors For A Guaranteed Income
September 29, 2:00pm - 3:30pm ET
Join NCRC for a discussion of guaranteed income joined by:
* Mayor Chokwe Antar Lumumba, Jackson, Mississippi
* Mayor Satya Rhodes-Conway, Madison, Wisconsin
* Mayor Michael D. Tubbs, Stockton, California

[Register now] ([link removed][UNIQID])

Board Development Is Leadership
September 29, 2:00 pm - 3:30 pm EDT
Join NCRC's Training Academy to understand the roles and responsibilities of Board of Directors and best practices on Board Development. [Register now] ([link removed][UNIQID]&mc_cid=4746157744&mc_eid=[UNIQID])

Disaster Program Management – Designing, Implementing, And Managing
September 30, 10:00 am EDT - October 2, 3:00 pm EDT
Join NCRC's Training Academy as we assist housing counseling agencies in developing plans to mitigate loss, be a trusted community resource and assist individuals impacted by disaster. [Register now] ([link removed][UNIQID])


** In the News
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Human Rights Campaign and SHOWTIME® Announce Recipients of Queer to Stay: An LGBTQ+ Business Preservation Initiative Funding
By Viet Tran, Human Rights Campaign
With some cities seeing the return of mandatory business closures due to the pandemic, LGBTQ+-serving spaces are among those that are at risk of high impact. People of color have also faced challenges and discrimination in sustaining their small businesses. According to a study by the National Community Reinvestment Coalition, Black applicants who applied for Paycheck Protection Program loans were treated poorly or unfairly compared to their White counterparts. [Read more] ([link removed][UNIQID])

CFPB’s Small-Business Lending Data Collection Rule Draws Community Bank Criticism
By Claire Williams, Morning Consult
On September 4, 2020, the Department of Housing and Urban Development (“HUD”) issued a final rule revising its 2013 Fair Housing Act (“FHA”) disparate impact standards (“2013 Rule”) to reflect the U.S. Supreme Court’s 2015 decision in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc., which held that disparate impact claims are cognizable under the FHA. [Read more] ([link removed][UNIQID])

New Study Finds Formerly Redlined Neighborhoods Are More at Risk for COVID-19
By Cristina Kim, wbur
In collaboration with researchers from the University of Wisconsin–Milwaukee and the University of Richmond, the NCRC study found neighborhoods where discriminatory lending practices once limited access to credit for Black, immigrant and poor Americans have higher rates of COVID-19 comorbidities, such as asthma, chronic obstructive pulmonary disease, diabetes and obesity. [Read more] ([link removed][UNIQID])

Without Another Round of Financial Assistance, Black Business Owners Facing Tough Choices
By Caitlin Nullen, Bizwomen
The pandemic has presented challenges for most business owners, but new research indicates recovery could take longer for Black-owned businesses. About 4 in 10 Black small business owners who received Paycheck Protection Program loans have had to lay off staff or cut worker pay as that money has run out, Goldman Sachs discovered. By comparison, 32% of all respondents said they had done so. [Read more] ([link removed][UNIQID])

Covid-19's Economic Impact on Latino Families is 'Much Worse' than Expected, Poll Finds
By Nicole Acevedo, NBC News
At least 72% of Latino households are facing serious financial problems, including pay cuts, lack of savings and difficulties affording food and rent. [Read more] ([link removed][UNIQID])


** On Our Radar
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Support for Black Lives Matter has Decreased Since June but Remains Strong Among Black Americans
By Deja Thomas and Juliana Menasce Horowitz, Pew Research Center
A majority of U.S. adults (55%) now express at least some support for the movement, down from 67% in June amid nationwide demonstrations sparked by the death of George Floyd. [Read More] ([link removed]∥=1&trk=)

Calabria to Congress: If You Don’t Like Crisis Fee, then Fund GSEs
By Neil Haggerty, American Banker
Federal Housing Finance Agency Director Mark Calabria defended Fannie Mae and Freddie Mac's controversial "adverse market" fee at a virtual hearing with House lawmakers on Wednesday. [Read More] ([link removed][UNIQID])

Coronavirus Kills far More Hispanic and Black Children than White Youths, CDC Study Finds
By William Wan, The Washington Post
The coronavirus is killing Hispanic, Black and American Indian children at much higher numbers than their White peers, according to federal statistics released Tuesday. [Read More] ([link removed][UNIQID])

Study: Inequality Robs $2.5 Trillion from US Workers Each Year
By Eric Levitz, Intelligencer
Every few months, some group of socially conscious number crunchers will remind Americans that a tiny elite is binge-eating the nation’s economic pie while the rest of us plebeians fight over table scraps. [Read More] ([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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