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** Just News
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for January 7, 2022
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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The 2022 Just Economy Conference is Back in Person in June!
The Just Economy Conference is back in-person in 2022. It will take place in Washington, DC, June 13-15. We are releasing tickets in limited waves to ensure safety and compliance with public health guidelines. Secure your spot now. [Register here ([link removed]) ]
A DC Hub for Nonprofits, Events and Work
For nonprofits and social sector ventures in DC: Do your work and meetings at the new Just Economy Club in DC. It’s hosted by NCRC in the historic Union Trust building at 15th and H Streets, just around the corner from The White House. [Read more ([link removed]) ]
** News
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NCRC Submits Comment To The CFPB On Section 1071 Proposed Rule
We submitted this week a detailed comment to the Consumer Financial Protection Bureau (CFPB) for its proposed rule on reporting and disseminating small business loan data required by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. [Read more ([link removed]) ]
Community Reinvestment Groups Commend Repeal Of Disastrous Trump-Era CRA Rule Changes
In response to the OCC’s rescission of the rule, the NCRC and the California Reinvestment Coalition agreed to dismiss their lawsuit challenging the rule. [Read more ([link removed]) ]
NCRC Hires Adnan Bokhari As Executive Vice President And CFO
Please join us in welcoming our new Executive Vice President and CFO Adnan Bokhari! Adnan is passionate about advancing equity and justice and has over two decades of finance and operations expertise. [Read more ([link removed]) ]
** Views
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Jan. 6 Should Be A Lasting Reminder That American Democracy Is Fragile
Jan. 6 should be a day of remembrance for the violence of 2021, and a reminder that even our grandest democratic principles and institutions are fragile, even Congress and the presidency. [Read more ([link removed]) ]
** Research
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Does Perceived Socio-Economic Status Impact Access to Credit in the Small Business Arena?
By Anneliese Lederer, Sara Oros, Dr. Sterling Bone, Dr. Maura Scott, Dr. Glenn Christensen
A new set of tests by NCRC found the customer experience was worse for Black testers compared to White testers, especially for those with lower perceived socioeconomic status. [Read more ([link removed]) ]
** Resources
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New Learning & Training Hub
Our new learning management system is live! It is designed with you in mind, offering a more robust experience for every kind of learner. [Learn ([link removed]) 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]) ]
Sign and Share the Just Economy Pledge
America should not only promise but deliver to all Americans opportunities to build wealth and live well. Sign the pledge and share it to help us expand the movement for a Just Economy. [Sign and Share ([link removed]) ]
Member Hub
NCRC members: Don't forget you have access to our 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])
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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US Banks Move Away from Overdraft Fees in a Win for Consumers
By Joshua Franklin and Imani Moise, Financial Times
Those fees “may be the single most unpopular thing banks do to their customers,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a consumer advocacy group. “I think you’re just really seeing a tipping point this year.” [Read more ([link removed]) ]
Black Homeownership in RI Is As Low As It Was in the 1960s
By GoLocalProv News Team
“In fact, in the past 15 years, Black homeownership has seen the most dramatic drop of any racial or ethnic group, and the Black homeownership rate in 2019 had descended to nearly as low as it was when discrimination was legal,” according to the National Community Reinvestment Coalition. [Read more ([link removed]) ]
Residents, Community Groups React to Bank Branch Closing in Brooklyn
By Barry Simms, WBALTV
"When you lose a bank branch, you are losing more than a location, you're losing opportunities for families working hard to deposit checks and build a banking relationship and learn about building credit," said Marceline White, of the Maryland Consumer Rights Coalition. White is also a board member of the National Community Reinvestment Coalition. [Read more ([link removed]) ]
** On Our Radar
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Wall Street Is Using Tech Firms Like Zillow to Eat Up Starter Homes
By Noah Buhayar, Patrick Clark and Jordyn Holman, Bloomberg Business + Equality
A business that’s touted as a convenience for home sellers has created a secret pipeline for big investors to buy properties, often in communities of color. [Read more ([link removed]) ]
Why Some Cities Are Operating Legal Homeless Camps Even in the Dead of Winter
By Kirk Siegler, NPR Morning Edition
The homelessness crisis, especially in major West Coast metro areas grabs the headlines: tent cities lining freeways and spreading into busy entertainment districts. But every night an untold number of people are also sleeping outside in smaller inland cities. [Read more ([link removed]) ]
How 3D Printing Can Be the Solution to the Nation’s Affordable Housing Crisis
By Claretta Bellamy, NBC News
3D printing machines can build up to 40% of homes during the construction process and save money on labor costs, experts say. [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.
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Jobs
We are always looking for talented people.
Click here to see job openings. ([link removed])
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