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** Just News
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for January 21, 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]) , LinkedIn ([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]) ]
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]) ]
** News
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NCRC Submits Letter to FDIC, OCC, Federal Reserve Supporting FDIC’s action to review bank merger approval framework
The National Community Reinvestment Coalition submitted a letter to the Federal Deposit Insurance Corporation (FDIC) to express support from its members to introduce a Request for Comments to review the agency's bank merger approval framework. [Read more]
Report: Low- And Moderate-Income Families and Many People of Color Continue to Be Excluded from the Mortgage Market
In a new report, the National Community Reinvestment Coalition (NCRC) found that the explosion of refinance lending reinforced historical patterns of disinvestment in lower-income and Black, Indigenous and People of Color (BIPOC) communities. [Read more ([link removed]) ]
** Views
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Dr. King’s Testament of Hope Amidst Melancholy and Discouragement In 2022
By Dedrick Asante-Muhammad
As has been true throughout my life, the words of Dr. King, though written over 50 years ago, speak clearly to the times I am living in. [Read more ([link removed]) ]
The Disparate Impact of Using “Ever Charged” on a Commercial Loan Application
By Anneliese Lederer
An applicant is considered a lending risk for having been “ever charged” with any crime, other than a minor vehicle violation, no matter when it occurred. This practice is not only factually suspect, it is discriminatory. [Read more ([link removed]) ]
** Research
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NCRC 2020 Home Mortgage Report: Examining Shifts During COVID-19
By Jason Richardson, Joshua Devine and Jamie Buell
In this paper, the National Community Reinvestment Coalition’s Research and Racial Economic Equity teams completed a broad and detailed analysis of 2020 Home Mortgage Disclosure Act (HMDA) data. Our analysis revealed how the private mortgage lending market is failing to serve economically insecure households of color. This reinforces the racial divide in homeownership which props up the growing racial wealth divide. [Read more ([link removed]) ]
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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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]) ]
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]) ]
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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Home Lending Remains Unequal
By Jamie Smith Hopkins, The Center for Public Integrity
The National Community Reinvestment Coalition, tapping federal data, found that Black and Latino borrowers were still receiving loans to purchase homes in 2020 at lower rates than white borrowers. [Read more ([link removed]) ]
Truist Opened Fewer Branches Post-merger in Diverse Areas, Advocacy Group Claims
By Hannah Lang, The Charlotte Observer
“There’s not really a sense of when banks are going to stop closing branches,” said Jason Richardson, director of research at the National Community Reinvestment Coalition. “How many bank branches do you really need, if you’re a mid-range regional bank with 80 branches right now, and three-quarters of your consumers are working online anyway? It’s a question.” [Read more ([link removed]) ]
Study Links Redlining to Heart Health Problems in Black Communities
By Katiera Winfrey, WISH TV
There’s a link between historic redlining and heart health in Black communities, according to a newly released study. A similar study by the National Community Reinvestment Coalition ([link removed]) released some suggestions to counter the impacts of redlining. One of them is providing affordable housing outside of historically redlined zones. [Read more ([link removed]) ]
** On Our Radar
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Amazon and Match Are Among Firms Asked by New York Pension for Racial Audit
By Fola Akinnibi, Bloomberg Equality
The New York State Common Retirement Fund is asking shareholders of Amazon.com Inc., Chipotle Mexican Grill Inc., Match Group Inc. and two retailers to support independent studies of how the businesses may contribute to racial inequities. [Read more ([link removed]) ]
US Announces $83 Million in Latest Round of Tribal Housing Grants
By Felicia Fonseca, Associated Press
Tribes have been eagerly awaiting the money to cover cost overruns for existing projects and to start new ones. [Read more ([link removed]) ]
Garment Workers Organize to End Wage Theft
By Rucha Chitnis, Next City
A historic victory in California to pay garment workers fairly for their work creates ripples for change in other countries. [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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