Announcements
NCRC to Host a Conversation with OCC Acting Comptroller Hsu
February 14, 1:00 pm ET - 2:00 pm ET
Join NCRC President and CEO Jesse Van Tol in a conversation with Acting Comptroller of the Currency Michael Hsu to discuss the Community Reinvestment Act (CRA) and the importance of banks meeting the needs of their communities, the racial wealth divide, adapting to digitalization and other topics. NCRC can submit questions for Hsu when registering! [Register here]
2022 Virtual Advocacy Week as Part of the Just Economy Conference
June 6-10
Join us for our pre-conference Advocacy Week June 6-10, and make your voice heard. NCRC members will attend virtual meetings with their Senators and Representatives to discuss a wide array of policy issues that affect all Americans. [Read more]
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News
Advocates Call for FDIC, Under New Leadership, to Stop Banks from Fronting for Predatory Lenders
With a new chairman taking the helm of the Federal Deposit Insurance Corporation (FDIC), the National Community Reinvestment Coalition (NCRC) joined with more than a dozen other organizations in calling for the FDIC to “stop permitting its supervised institutions to front for predatory lenders evading state interest rate limits.” [Read more]
Dozens Of Community Groups Call On Regulators To Reject Blockchain Startup Figure’s Bank Charter Application
The National Community Reinvestment Coalition (NCRC) on Tuesday called upon federal banking regulators to reject a worrisome and inadequate bank charter application recently filed by Figure Bank, NA. [Read more]
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Field Notes
Profiles in Impact: Alvin Johnson, Birmingham, Alabama
By GROWTH by NCRC
Licensed as a Realtor® in Alabama and Georgia, Johnson and his team provide everything from access to capital to listing services, property management and buyer education programs. Since 2006, Johnson has also developed and built four subdivisions in the city. These are just a few of the reasons GROWTH selected Johnson to represent its Oak Hill community, a new affordable housing development that will feature 28 detached, single-family homes. [Read more]
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Views
Will Section 1071 Data Reporting Boost Lending to Underserved Small Businesses or Lead to Consolidation and Reduce Product Choice?
By Josh Silver
The banking industry is making a vigorous critique of proposed new rules for small business lending data collection. But those arguments are misleading at best — and policymakers should understand the flaws and deceptions built into the industry’s attack on lending transparency. [Read more]
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Events
Horasis USA Meeting 2022
March 4, 3:30 pm ET - 4:15 pm ET
Join NCRC’s Chief Communications and Marketing Officer Andrew Nachison at Horasis USA Meeting 2022 for a panel discussion: Governments are Supposed to Discuss, Not Totally Oppose.
[Register here]
NCRC’s Dedrick Asante-Muhammad to Present: Closing the Racial Wealth Gap
March 6, 1:00 pm ET - 2:15 pm ET
Dedrick Asante-Muhammad – NCRC’s Membership Policy, and Equity Chief – will join Delta Sigma Theta Sorority, Incorporated for its 33rd Annual “Delta Days in the Nation’s Capital,” to serve as a workshop presenter for the workshop entitled: Closing the Wealth Gap.
[Register here]
2022 Just Economy Conference
June 13-15, 8:00 am ET
Join us in person for our annual conference centering around the pillars of fair housing and lending, workforce and community development, healthcare, business education, civil and human rights, and much more.
[Register here]
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Research
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]
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]
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Resources
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]
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 more]
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]
Browse Our Collection of Racial Wealth Snapshots
Over the past two years, NCRC has put together a catalog of Racial Wealth Snapshots. [View all]
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]
Member Hub
NCRC members: Don't forget you have access to our member hub! Learn more about membership here. You can join as an organization or an individual.
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]
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]
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In the News
One Home, 1,200 Potential Buyers: The Bay Area’s Daunting Real Estate Math After COVID
By Lauren Hepler, San Francisco Chronicle
“Black and Hispanic borrowers bought less valuable homes than white and some Asian borrowers,” the lending report by the National Community Reinvestment Coalition found, “and they paid more to do so.” [Read more]
Fed, OCC Set Public Hearing on U.S. Bank-Union Bank Deal
By Jon Prior, American Banker
The bank has been meeting with community groups like the National Community Reinvestment Coalition during the process. “It is good for regulators to scrutinize bank mergers to ensure they will benefit the communities affected by such deals,” NCRC Chief Executive Jess Van Tol said in an email Monday. “We are glad that this public hearing will give those communities a chance to share their thoughts on the proposed deal.” [Read more]
A Black Doctor Says She Was Refused Service at a Bank Because of Her Race: ‘I Felt Like a Criminal’
By Jaclyn Peiser, The Washington Post
A 2019 study by the National Community Reinvestment Coalition found that minority business owners are scrutinized more harshly and treated worse than White counterparts with lower credit scores when meeting with bankers about loans. According to the study, White test subjects were treated better by employees and asked fewer questions about their eligibility for a loan. Black applicants, however, were more frequently asked about their education level, credit and personal finances. [Read more]
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On Our Radar
SoFi Stadium Went Up—and Then Everything Changed
By John Gonzalez, Sports Illustrated
Members of the community have been raising questions and concerns since SoFi opened—about the increased traffic and noise, the influx of people into their neighborhood, the impact on local businesses and, perhaps most worryingly, the soaring home prices and rising rents that have already forced some residents out of town and threaten to push out many more. [Read more]
Violent Crime to Labor Shortages: Mayors Say Covid's Toll on Cities is Far-Reaching
By Liz Crampton and Lisa Kashinsky, Politico
Their answers reveal how the pandemic forced mayors into crisis mode, first to deal with the pandemic, and now with its lingering effects: a sharp rise in homelessness and food insecurity, prolonged remote learning, demands for mental health resources and a litany of economic woes. [Read more]
Doing “The Right Thing” Won’t Close the Racial Wealth Gap
By Anne Price, Shelterforce
Solutions to address racial wealth inequality have often focused on behavioral changes and individual choices, minimizing efforts to dismantle structural barriers to wealth accumulation for Black Americans. [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.
Join Here
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