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** Just News
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for March 18, 2022
News and views from the National Community Reinvestment Coalition. Find more at ncrc.org.
For continuous updates, follow us on Twitter ([link removed]) , FB ([link removed]) , LinkedIn ([link removed]) and I ([link removed]) G ([link removed]) .
** Announcements
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Community Reinvestment Act Basics
Join us next Thursday, March 24, at 1 pm ET to learn about CRA and explore how it can be used to increase reinvestment in your communities. [Register here ([link removed]) ]
2022 Just Economy Conference
The Just Economy Conference is back, live in DC June 13-15. Don't miss it. [Register here ([link removed]) ]
** News
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NCRC Applauds Stronger Anti-Discrimination Enforcement Plans from CFPB
"These updates to the CFPB’s enforcement regime will directly and materially improve the lives of hardworking people of color who have routinely been shut out of basic financial services." [Read more ([link removed]) ]
NCRC Hires Megan Haberle as Senior Director Of Policy
Megan came to NCRC from the NAACP Legal Defense Fund, where she was a Senior Policy Counsel leading LDF’s economic justice policy work. Her portfolio at LDF included fair housing, environmental justice, community development, equitable infrastructure, and other aspects of a fair economy. [Read more ([link removed]) ]
** Views
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Reforming the Community Reinvestment Act to Meet 21st Century Challenges
By Josh Silver
Federal bank agencies will soon unveil the first major reforms to the Community Reinvestment Act since 1995 – when email was a brand new thing and there were twice as many banks as there are today. As regulators close in on final rulemaking proposals in 2022, consumers can conduct much bank business over the internet. [Read more ([link removed]) ]
** Field Notes
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NCRC Member Profile: National Housing Resource Center (NHRC)
NHRC is dedicated to organizing nonprofit housing counseling agencies into a unified voice to advocate for the housing counseling industry and on behalf of housing consumers. [Read more ([link removed]) ]
NCRC Member Profile: Lower Marshall-Shadeland Development Initiative
LMSDI’s mission is to increase the availability of affordable for-sale and rental housing for veterans and community residents through purchasing and restoring vacant and vandalized buildings, and by engaging the for-profit sector as a partner in the solution. [Read more ([link removed]) ]
** Events
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ShopHER Winter Blowout Sale
March 20, 9:00 am ET - 12:00 pm ET
Support NCRC’s ShopHER at the Winter Blowout Sale to grab Last Season and Last Call items at reduced prices! [Register here ([link removed]) ]
Virtual Learning: Navigating Eviction
March 21, 10:00 am ET - March 23, 3:30 pm ET
Join NCRC’s National Training Academy, as we explore available resources, when to discuss transition and how to integrate effective techniques into the counseling session. [Register here ([link removed]) ]
Judicial and Non-Judicial Foreclosure Processes and Timelines
March 24, 2:00 pm ET - 3:30 pm ET
Join NCRC’s National Training Academy as we explore the strategies that are most successful in judicial and non-judicial foreclosure processes. [Register here ([link removed]) ]
** In the News
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Some Who Rushed to Buy Homes During the Pandemic Now Regret It
By Ailsa Chang, NPR
"I think a lot of the focus for us as an organization during the pandemic was, how do we support or ensure existing homeowners aren't losing their homes, particularly while their economic conditions were a bit unstable?," says Joshua Devine, the Director of Racial Economic Equity at NCRC. [Read more ([link removed]) ]
A Come-to-Jesus Moment on Financial Nominations
By Kate Davidson and Aubree Eliza Weaver, Politico
“There’s a tough conversation to be had in the Democratic Party about where do you go from here,” said Jesse Van Tol, president of the National Community Reinvestment Coalition, which supports Raskin’s nomination. “Something’s got to give. Either you’ve got to mount a campaign that can win, in terms of pressuring certain people, or you’ve got to compromise." [Read more ([link removed]) ]
We Sat Through an 8-Hour Bank Merger Hearing so You Didn’t Have to
By Oscar Perry Abello, Next City
The National Community Reinvestment Coalition and other activism groups oppose the U.S. Bank and MUFG Bank merger until U.S. Bank finalizes and commits in writing to a $100 billion plan for community reinvestment. [Read more ([link removed]) ]
** On Our Radar
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Sarah Bloom Raskin Withdraws as Biden’s Pick for Top Fed Banking Regulator
By Andrew Ackerman and Ken Thomas, The Wall Street Journal
Sarah Bloom Raskin, President Biden’s nominee to become the government’s most powerful banking regulator, withdrew from consideration on Tuesday, the White House said, amid opposition to her nomination from Republicans and a key Democrat. [Read more ([link removed]) ]
TAB Bank Dragged Into Seedy World of Puppy Mill Loans by Fintech Partner
By Penny Crosman, American Banker
Transportation Alliance Bank (TAB Bank) in Ogden, Utah, has a partnership with a fintech called EasyPay Finance that seems to forward the bank’s aim of financial inclusion — it lends to people with low FICO scores who couldn’t get credit elsewhere — but the relationship has drawn criticism from advocates for animal and consumer rights. [Read more ([link removed]) ]
Fed Raises Rates and Projects Six More Increases in 2022
By Jeanna Smialek, The New York Times
The Federal Reserve lifted its key interest rate by a quarter of a percentage point on Wednesday as policymakers took their first decisive step toward trying to tame rapid inflation by cooling the economy. [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]) ]
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]) .
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])
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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