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Just News

for March 19, 2021

News and views from the National Community Reinvestment Coalition. Find more at ncrc.org. For continuous updates, follow us on Twitter and Facebook.

Reminder


NCRC Launches Interactive Tool To Explore Local Lending Patterns
The new tool will be available to the general public for a month, then become an exclusive service for NCRC members. [Read more]

News


NCRC Promotes Marisa Calderon To Chief Of Community Finance And Mobility
Calderon joined NCRC in September 2020 as the executive director of the NCRC Community Development Fund. In her new role, Calderon will oversee the organization’s community finance programs, including workforce development, in addition to continuing her duties as executive director of the CDFI. [Read more]

Report: Even While Thousands Vanished, Local Bank Branches Remained Critical For Small Business Lending
From 2012-2018, big banks got bigger, and 8,872 local branches closed. But in most counties, small business lending was still dominated by banks with branches within the community. [Read more]

Views


Banks Shouldn’t Finance LGBTQ+ Discrimination
By Jake Lilien
When banks promote outreach to marginalized groups, while granting loans to organizations that openly discriminate against these same groups, it sends a mixed message to their communities. These messages can be avoided with proper research. [Read more]

NCRC Condemns Attacks On Asian Americans
By Jesse Van Tol
Our conversations on race must include Asian Americans. [Read More]

Field Notes


Celebrating Women’s History Month With 30 Women Founders In Washington, D.C.
By Monti Taylor 
This month, we celebrate the stories of women entrepreneurs in D.C. A rich entrepreneurial environment and small business assistance organizations contribute to their success, but the real story begins with the women who set out to solve problems. [Read more]

Research


Relationships Matter: Small Business And Bank Branch Locations
By Bruce C. Mitchell, Jason Richardson, and Zo Amani
The number of banks and bank branches has declined significantly since 2009. Local branches are still crucial to small business lending. Small business lending is increasingly dominated by the largest lending institutions. Smaller institutions are disappearing as they merge or are bought out by larger banks. [Read More]

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]

Events


Nonprofit Strategies To Demonstrating Outcomes For Greater Impact
March 29, 10:00 am EST - March 31, 3:00 pm EST
Join NCRC's Training Academy for a two-day training on how nonprofits can demonstrate outcomes for greater impact. [Register now]

2021 Just Economy Conference
May 3-4
Come to the national online event for community, policy, government, business and foundation leaders who work for fairness in lending, housing and business, and to make all Americans equal parts of the formula for national success. [Register now]

In the News


Oklahoma Banks See Increased Deposits, Market Shares
By Jeff Elkins, Muskogee Phoenix
According to a National Community Reinvestment Coalition report, from 2012 to 2018, the number of the largest national banks, those with more than $100 billion in assets, increased from 19 to 30 during the period, while small banks declined from 5,018 to 3,443 institutions. However, market share and deposit trends show growth for state-chartered banks in the state of Oklahoma. [Read More]

'New' Tech Lending: Opening Financial Products To Underserved Communities
By Max J. Trujillo, The Hill
Prior to the pandemic, a report from the National Community Reinvestment Coalition indicated that Latinos primarily sought loans to buy homes yet were underserved by banks. [Read More]

Will Electric Works Be An 'Inclusive' Development In Fort Wayne?
By Kara Hackett, input Fort Wayne
While gentrification is not yet widespread in Fort Wayne, a National Community Reinvestment Coalition study says Fort Wayne is showing early signs of gentrification, particularly as downtown and its nearby neighborhoods see reinvestment. [Read More]

After One Year Of Covid-19, America’s Retirement Crisis Is Little Changed
By Benjamin Curry, Forbes
Older homeowners typically make up a large section of the refinancing market, according to the National Community Reinvestment Coalition: Those aged 55 and older account for almost half of the refinancing demand. [Read More]

On Our Radar


Venture Aims To 'Resurrect And Reimagine' Anti-Slavery Newspaper For The 21st Century
By Rachel Treisman, NPR
The Boston Globe and Boston University Center for Antiracist Research are launching The Emancipator, a news platform named after a 19th century abolitionist newspaper and dedicated to racial justice. [Read More]

Opinion: Who will March for Asian Americans after the Killings in Atlanta?
By Alafair Burke, The Washington Post
Stereotypes present us as people who don’t need protection, or don’t deserve it. [Read More]

'Racial Bias Runs Deep' At America's Largest Banks, Study Says
By Chauncey Alcorn, CNN Business
The banking industry has a race problem, and a new study is putting a spotlight on the inequalities within the nation's largest financial institutions. [Read More]
     
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