Field Notes
New PPP, Economic Injury Disaster Funding Now Open For Business
By Monti Taylor
The new Paycheck Protection Program (PPP) portal opened January 11, 2021, for new and certain existing PPP borrowers. [Read More]
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Views
Why Biden Must Build Back Better Than Obama For Blacks
By Dedrick Asante-Muhammad and Tyler Bond
President Obama promised to use the president’s power to increase opportunity for all Americans, regardless of race or class. Despite this promise, little to no progress was made in bridging Black/White inequality in wealth, income and homeownership. [Read More]
Billionaire’s Need To Pay Their Fair Share
By Suvneet Sidhu
Instead of asking for more money out of the pockets of hard-working school teachers, carpet cleaners, nurses, construction workers and really all hard working Americans, it is perhaps time to turn to the multi-billionaires of the country during one of the worst recessions in history, and for all the days beyond. [Read More]
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Research
Research Brief: Bank Branch Closure Update (2017-2020)
In this brief, NCRC Research explored the impact, as well as consequences, of the shifting in bank branch availability across the nation. [Read More]
NCRC Paycheck Protection Plan Preliminary Analysis
The analysis adds to the evidence that business owners of color and businesses in lower-income communities faced a multitude of obstacles that cut them off from the government’s COVID relief program for small businesses. [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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Events
COVID-19: Webinar on Small Business & Housing Relief Updates
January 19, 1:00 pm ET - 2:30 pm ET
Join NCRC for a follow-up discussion on the CARES Act, featuring speakers from the SBA and Department of the Treasury. [Register now]
HUD Exam Prep – Part III: Tips & Tools For Studying
January 26, 2:00 pm ET - 3:30 pm ET
Join NCRC's Training Academy to learn your preferred learning style so you can study more effectively for the HUD exam. [Register now]
HUD Exam Prep – Part IV: Pathway To Certification
January 27, 2:00 pm ET - 3:30 pm ET
Join NCRC's Training Academy as we guide you through the HUD certification process and discuss what you will need to maintain your certification. [Register now]
SBA Loan Assistance Q&A
January 29, 10:00 am ET - 11:00 am ET
Join the DC Women's Business Center with Rod Johnson from the SBA to learn more about the new Paycheck Protection Program, Economic Injury Disaster Grant, Shuttered Venue Operators Grant other financial assistance guidance. [Register now]
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In the News
Fintechs That Get Bank Charters Should Be Subject To CRA. Period.
By Rob Nichols and Jesse Van Tol, American Banker
New joint op-ed from NCRC CEO Jesse Van Tol and American Bankers Association CEO Rob Nichols urges the Office of the Comptroller of the Currency not to allow shortcuts for fintechs seeking bank charters. [Read More]
A Lender Sued Thousands Of Lower-Income Latinos During The Pandemic. Now, It Wants To Be A National Bank.
By Kiah Collier and Ren Larson, The Texas Tribune and ProPublica
Oportun, formerly known as Progreso Financiero, has been certified for years as a Community Development Financial Institution. In its own letter, the National Community Reinvestment Coalition said Oportun’s debt collection practices “fall short of the expectations of a CDFI, and certainly a CDFI seeking a national bank charter.” [Read More]
Denver's Central 70 Project: Digging In Troubled Ground
By University of Colorado News Corps journalists Tayler Shaw, Lauren Smith and Tory Lysik and Denver journalist Carol McKinley
A 2020 report from the National Community Reinvestment Coalition found Denver to be the second most intensely gentrified city in America during 2013-17, trailing only San Francisco in the share of vulnerable neighborhoods that gentrified. [Read More]
Racial Inequality In Banking Is A Huge Problem. Killer Mike Thinks He Has A Solution
By Chauncey Alcorn, CNN
One of the keys to bridging that racial gap is to ensure that Black and Latinx Americans can access financing — something mainstream banks have neglected to do for generations, according to the nonprofit National Community Reinvestment Coalition. [Read More]
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On Our Radar
Alberta King, Martin Luther King Jr.'s Mother, Made Her Own Contributions to Civil Rights
By Anna Malaika Tubbs, Time
Although Martin Luther King Jr.'s mom was crucial to the civil rights movement, she has largely been erased from history. [Read More]
The Social Security Retirement Age Could Change. What That Could Mean For Benefits
By Lorie Konish, MSNBC
Social Security rules may alter the age at which people are eligible for full benefits. A new congressional report examines how that would work. [Read More]
The Fed Wakes Up To Race
By Matthew Boesler, Steve Matthews and Catarina Saraiva, Bloomberg
The mighty Federal Reserve wants to help level the playing field. Is it up to the task? [Read More]
How Putting Shareholders First Harms Investors, Corporations, And The Public - Evonomics
By David Sloan Wilson, Evonomics
The evolution, ecology and nature of firms. [Read More]
America In 2021: Racial Progress In The South, A White Mob In The Capitol
By Astead W. Herndon, The New York Times
“We don’t get racial justice out of a true democracy. We get a true democracy out of racial justice.” [Read More]
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