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** Just News
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for September 9, 2021
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org. For continuous updates, follow us on Twitter ([link removed]) , Facebook ([link removed]) and Instagram ([link removed]) .
** Announcements
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New From NCRC, A DC Hub For Nonprofits, Events And Work
The new Just Economy Club in DC, housed on the 3rd floor of NCRC’s headquarters at 740 15th St. NW, is designed for social sector nonprofits and events. It’s in the historic Union Trust building at 15th and H Streets, just around the corner from The White House. [Read more ([link removed]) ]
Browse Our Collection of Research and Reports
We have an extensive library of research and reports that dates back many years; now available in one convenient location! [View all ([link removed]) ]
Browse Our Collection of Racial Wealth Snapshots
Over the past two years, NCRC has put together a catalog of Racial Wealth Snapshots. [View all ([link removed]) ]
The Just Economy Pledge
Our economic and social fractures were devastating before COVID, and the pandemic was a painful reminder that inequality isn’t simply about how much stuff you have. It’s about life and death. [Read more ([link removed]) ]
** News
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Lawsuit Paused After OCC Moves to Fully Rescind Disastrous 2020 CRA Rule Changes
The Office of the Comptroller of the Currency proposed to fully rescind its 2020 Community Reinvestment Act (CRA) rule, revert to previous rules and then work on new rules jointly with the two other agencies that enforce the law, the Federal Reserve Board and the Federal Deposit Insurance Corporation. [Read more ([link removed]) ]
Fed Must Do More To Protect Consumers From Fraud And Mistakes In New P2P Payment System
The Federal Reserve Board must do more to protect consumers, small businesses and other users from fraud and mistakes in the new “FedNow” instant person-to-person (P2P) system that it is developing, according to comments submitted today by consumer, small business, community and legal services groups. [Read more ([link removed]) ]
** Policy
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Opportunity to Provide Feedback to Newly Launched Congressional Caucus on Social Determinants of Health
By Karen Kali
Social determinants of health refer to the social, economic and physical conditions, where people live, work and play in an environment that affects health, such as housing, jobs, transportation and food access. [Read more ([link removed]) ]
** Event
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Lunch & Learn: Discussing if the CRA Should Extend to IMBs
By HousingWire
Join us on Friday for a panel discussion on whether or not the CRA should be extended to independent mortgage brokers. Speakers from the Community Home Lenders Association and the National Community Reinvestment Coalition will weigh in on this and more. [Register here ([link removed]) ]
** Resources
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Forum & Hub
NCRC members: Don't forget you have access to our forum ([link removed]) and member hub ([link removed]) ! Learn more about membership here ([link removed]) . You can join as an organization or an individual ([link removed]) .
2021 Fair Lending Tool
Use our interactive tool to produce a report on mortgages, small business lending and bank branch networks for any city, county or metro area in the nation. [Access the tool here] ([link removed])
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])
TreasureCRA Page
CRA will be essential for COVID-19 economic recovery in the communities hardest hit by the pandemic. Use the tools on this page to reach your friends and local leaders. [Read more] ([link removed])
** In the News
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Racial Bias in Housing Appraisals
By CBS46
Marisa Calderon, executive director of the National Community Reinvestment Coalition says "...the approach to appraisals sort of compounds the history of redlining and undervaluing of neighborhoods and homes that are occupied by communities of color." [Read more ([link removed]) ]
What Is a Realtist?
By Linda Bell, NerdWallet
For the past century, the Black/white American homeownership gap has ranged from 20% to 30%, according to the National Community Reinvestment Coalition, an organization focused on ending housing discrimination and other inequities in the consumer financial system. A Realtist serves to narrow this gap by focusing on serving people of color. [Read more ([link removed]) ]
Consumer Groups Praise CFPB Small Business Lending Rule
By David Baumann, Washington Credit Union Daily
Consumer advocates are praising the Consumer Financial Protection Bureau’s proposed rule that would require financial institutions, to report demographic information about their small business lending. “Publicly accessible data on small business lending can motivate lenders to increase their lending to women-owned and minority-owned small businesses,” the National Community Reinvestment Coalition said. [Read more ([link removed]) ]
NCRC Opens New Coworking Space For Nonprofits Near White House
By Jon Banister, BISNOW
The new concept, called The Just Economy Club, features eight-person private offices that rent for $3,500 per month and six-person private offices that cost $2,450 per month, according to its website ([link removed]) . It also has coworking-style shared desks that can be rented for $250 per month. [Read more ([link removed]) ]
** On Our Radar
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The Supreme Court Ended the Eviction Ban but Not the Fight Against Evictions
By Maria Silber, The Washington Post
On Aug. 26, the Supreme Court overturned a national moratorium on evictions imposed by the Centers for Disease Control and Prevention. The ruling on the moratorium, already unevenly enforced, has left millions of Americans who are behind on their rent facing the loss of their homes. [Read more ([link removed]) ]
Should You Refinance Your Home to Pay Down Your Student Loans?
By Michele Lerner, The Washington Post
For homeowners with student loan debt, the combination of low mortgage rates and increased home equity makes refinancing to pay down or eliminate their student loan debt tempting. [Read more ([link removed]) ]
That Home Office Might Be Here to Stay: Workers Are Flexing Their Pandemic-era Right to Flexibility.
By Martha C. White, NBC News
"Any attempt to … be rigid with where people work or how they work, that’s actually a hindrance to continue to retain talent,” said one HR expert. [Read more ([link removed]) ]
Support our work
Join the Just Economy Club, the network for individuals who support NCRC’s research, publishing, investigations, training, advocacy and programs.
Join Here ([link removed])
Jobs
We are always looking for talented people.
Click here to see job openings. ([link removed])
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