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** Just News
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for May 13, 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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2022 Just Economy Conference Schedule Is Online
In case you missed it: the conference breakout schedule ([link removed]) is on the website! Join us in working toward a just economy that not only promises but delivers to all Americans opportunities to build wealth and live well. [Register here ([link removed]) ]


** News
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U.S. Bancorp, NCRC, CRC Announce $100 Billion Community Benefits Plan
U.S. Bancorp on Monday announced a more than $100 billion, five-year community benefits plan, developed in partnership with the National Community Reinvestment Coalition and the California Reinvestment Coalition, as part of the planned acquisition of MUFG Union Bank. The plan continues and expands the important work underway by both financial institutions to build and support equitable access to capital for the communities they serve. [Read more ([link removed]) ]

NCRC Congratulates Jerome Powell For Second Term As Federal Reserve Board Chair
In his first term as Fed Chair, Jerome faced unprecedented economic challenges borne out of the global pandemic. He recognized that the financial and personal impacts of COVID were heaviest and hardest on communities of color. [Read more ([link removed]) ]

NCRC Congratulates Lisa Cook On Her Confirmation To The Federal Reserve Board
Dr. Cook’s confirmation is both historic and essential. She is extensively qualified and is now the first Black woman to serve on the Federal Reserve Board, bringing both expertise and personal perspective that the board has never had. [Read more ([link removed]) ]


** Views
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Wealth And Opportunity Divides Haunt Immigrant Families For Generations
By Monica Grover
Even among families who build wealth, 70% is generally gone by the second generation — and 90% by the third. For many immigrant families like mine, parents’ cultural reluctance to talk to their kids about what will happen when they’re gone is part of the reason why. [Read more ([link removed]) ]


** Field Notes
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DCWBC ShopHER Profile: Batax Bule
By Deb Almomd
We spoke with Metrini Geopani Weaver, owner of Batax Bule. Batax Bule is a globally inspired and ethically sourced fashion, jewelry and home textile design studio based in Washington, DC, and one of the women-owned, small retail businesses located at ShopHER. [Read more ([link removed]) ]


** Events
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NCRC Policy Agenda Briefing
May 18, 1:30 – 3:00 pm ET
Hear from NCRC’s policy team about the talking points for our upcoming 2022 Advocacy Week. They will provide insight into the top policy priorities for NCRC and its members for the remainder of the 117th Congress. The session will help grow your policy knowledge and is the first step in preparing you for Advocacy Week. [Register here ([link removed]) ]

A Candid Discussion On Microaggressions
May 19, 2 – 3:30 pm ET
Join NCRC’s National Training Academy for a webinar on how to have inclusive cultures in the workplace. Microaggressions are brief and commonplace daily verbal, behavioral, or environmental indignities, whether intentional or unintentional, that occur throughout everyday life – and their impact on people with marginalized identities. These are behaviors or statements that do not necessarily have harmful intent. But microaggressions at work nevertheless inflict insult or injury, often unknowingly. [Register here ([link removed]) ]


** In the News
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Caught Between Bankers And Activists, Can The CRA Reform Proposal Make Everyone Happy?
By Claire Williams, American Banker
Jesse Van Tol, CEO of NCRC, said the proposal is a “cautious step forward” on improving how the law expands credit access to minority communities. Because of how the law was originally written, regulators likely would have faced legal challenges if they explicitly incorporated race into their proposed rule, he said. “It’s sort of the original sin of the CRA,” Van Tol said. [Read more ([link removed]) ]

U.S. Bank Announces $100 Billion Community Plan in Merger with MUFG
By Kavita Kumar, Star Tribune
The company's counterparts in developing the plan were the National Community Reinvestment Coalition, a Washington-based nonprofit organization that negotiates with banks on such agreements, and the California Reinvestment Coalition. It's the largest agreement of its kind to date. Last year, PNC Bank announced an $88 billion community plan related to its acquisition of BBVA, and Huntington Bancshares announced a $41 billion plan related to its purchase of TCF Financial. [Read more ([link removed]) ]

Bridging The Gap: Why Clinical Trials Have A Diversity Problem And How To Fix It
By Peter Buckman, Forbes
One's geography alone can be a huge indicator of what your health journey might look like. According to the National Community Reinvestment Coalition, up to 60% of your health is determined by your zip code. This is due to multiple factors like the wealth of a community, investment in its people and access to hospitals. Technology can help bridge these geographic differences and democratize healthcare, regardless of your zip code. [Read more ([link removed]) ]

Denver Offers Homeownership Help To Those Denied Opportunity by Redlining
By Brendan O'Brien, Reuters
Neighborhoods to the west and north of central Denver that once appeared on maps crosshatched with red lines as a warning to lenders currently still lag in health, education, transportation and air quality metrics, according to city data. Across the country, three out of every four areas that were once redlined remain low-to-moderate income today, according to a study by the grassroots network National Community Reinvestment Coalition. [Read more ([link removed]) ]


** On Our Radar
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US Inflation Eased in April to 8.3% Annual Rate
By Gwynn Guilford, The Wall Street Journal
The Labor Department’s consumer-price index reading last month marked the first drop for inflation in eight months, down from an 8.5% annual rate in March. But the decline came primarily from a slight easing in April gasoline prices, which reached a new high on Tuesday. Broadly, the report offered little evidence that inflation was cooling. [Read more ([link removed]) ]

The Current Challenges To Increasing The Homeownership Gap
By Jessica Lautz, Housing Wire
While the homeownership rate in the US has increased overall throughout the pandemic, this is not the same for all Americans. The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for White Americans is 72.1%. For Asian Americans, the rate is 61.7% and for Hispanic Americans, it is 51.1%. [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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