Announcements
Just Economy Conference Speakers Announced: Federal Reserve Chair Jerome Powell, U.S. Senators Elizabeth Warren And Sherrod Brown, Journalist Nikole Hannah-Jones
Federal Reserve Board Chair Jerome Powell, U.S. Senators Elizabeth Warren and Sherrod Brown, and Pulitzer Prize-winning journalist Nikole Hannah-Jones will be featured speakers at the 2021 Just Economy Conference, which will be held online beginning May 3. [Read more] [Register now]
Women In Crisis: NCRC Launches A Popup Publishing Series About America’s First Female Recession.
By Anneliese Lederer and Karen Kali
Over the coming weeks, we’ll publish essays from NCRC staff, members, local leaders and national partners who can give a voice to the concerns, issues and solutions for women, specifically Black, indigenous and women of color, who have been living through and managing this health and economic crisis for the past year. [Read more]
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Views
Women Of Color, Wealth And COVID-19
By Sally Sim and Dedrick Asante-Muhammad
Overrepresentation in consumer-facing jobs, poverty and lack of wealth are all aspects that put women of color in high levels of physical and financial danger during the COVID-19 pandemic. [Read more]
Some Common Views On CRA Reform Among Community Groups And Industry, But Differences Need To Be Resolved
By Josh Silver
In a previous article, I described how some big issues on reforming the Community Reinvestment Act (CRA) exposed a considerable difference of views among community groups and the banking industry. However, there was some convergence of views on a series of other important issues, including performance measures and ratings categories. On these issues, the remaining differences appear to be manageable. [Read more]
Principles For CRA Reform: Strengthen Communities, Exams And Accountability
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. [Read more]
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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]
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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]
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Resources
CRA’s First Aid Kit: Tools And Resources For Hospitals, Health Systems And Medical Professionals To Support CRA Modernization
The coronavirus pandemic and its disparate effect on low- and moderate-income (LMI) communities of color has underscored the importance of both hospitals and medical care, and banks and financial institutions with equitable community economic recovery. [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
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]
Building Nonprofit Organizational Resilience - Part III: Trauma Informed Care and Leadership
March 30, 2:00 pm EST - 3:30 pm EST
Join NCRC's Training Academy to learn best practices to help effectively manage the stress that you may face on a day to day basis in your role as a leader, and also how to make informed decisions and create procedures and policies through a Trauma Informed Lens. [Register now]
Building a Foreclosure & Default Prevention Program
April 6, 2:00 pm EST - 3:30 pm EST
Join NCRC's Training Academy as we discuss basic steps, funding sources, staff training requirements, current foreclosure relief programs and resources available to help strengthen your program. [Register now]
NCRC Legislative/Regulatory Call - April
April 14, 1:30 pm EST - 2:30 pm EST
Join NCRC for a monthly call to share major updates on NCRC policy work around the CRA, CFPB, mergers and other news affecting our coalition of members. [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]
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In the News
'What Are We Going To Do?': Towns Reel As Banks Close Branches At Record Pace
By Scott Horsley, NPR
Bank branch closures are especially impacting isolated neighborhoods in big cities or towns like Moorhead — a largely African American community in the heart of the Mississippi Delta. Research by the National Community Reinvestment Coalition shows that poor communities, rural communities and areas with a high concentration of Black and Brown residents have been hardest hit. [Read More]
In search of trustworthy AI - is the insurance industry using AI to fairwash FICO scores?
By Neil Raden, Diginomica
A 2018 study by the National Community Reinvestment Coalition found that "while overt redlining is illegal today, having been prohibited under the Fair Housing Act of 1968, its enduring effect is still evident in the structure of U.S. cities." Access to credit is "an underpinning of economic inclusion and wealth-building in the U.S." [Read More]
NCRC and the RDS Tableau Zen Masters
By RDS, Recovery Decision Science
On March 16th, the National Community Reinvestment Corporation (NCRC) conducted a live webinar to unveil its new Fair Lending Report interactive Tableau dashboards. The dashboards were developed by the NCRC, with the support of Unifund/Recovery Decision Science through the Tableau Foundation. [Read More]
Voices of Wards 7 And 8: What Does Gentrification Mean For Neighborhoods East Of The River?
By Dee Dwyer, dcist
Starting in the early 2000s gentrification crept through the cracks of the city. In 2019, a study from the National Community Reinvestment Coalition found that D.C. had the most gentrifying neighborhoods of any city in the country. (The District dropped to No. 13 on the list last year.) D.C. went from having over a population that was more than 70% Black in 1970, to roughly 46% as of 2019. [Read More]
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On Our Radar
‘Super Bowl Of Tax Reform’: Groups Gear Up For Fight Over Biden Plan To Raise Taxes On Rich, Corporations
By Brian Schwartz, CNBC
Advocacy groups from across the political spectrum are preparing for an all-out war over President Biden's coming tax reform proposal. [Read More]
Big Banks’ Trillion-dollar Finance For Fossil Fuels ‘Shocking,’ Says Report
By Damian Carrington, The Guardian
Coal, oil and gas firms have received $3.8tn in finance since the Paris climate deal in 2015. [Read More]
Asian Grandmother Who Smacked Her Attacker With A Board Donates Nearly $1 Million
By Bill Chappell, NPR
The money will be donated to help defuse racism against the Asian American community. Xiao Zhen Xie's grandson wrote, "She insists on making this decision saying this issue is bigger than Her." [Read More]
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Support our work
Join the Just Economy Club, the network for individuals who support NCRC’s research, publishing, investigations, training, advocacy and programs.
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