Announcements
Submit Your Comments On CRA Rule Changes By August 5!
The best chance we have to make positive and long-overdue changes to Community Reinvestment Act rules is if NCRC members and community groups put up a good showing and send in comment letters! Use NCRC's sample comment letters and submission instructions at our CRA reform hub.
[Submit here]
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News
NCRC’s Field Empowerment Fund For Nonprofits And CDFIs Opens Final Round Of Grant Applications
Applications are open for NCRC's Field Empowerment Fund (FEF), a $5 million grant-making program funded by Morgan Stanley to drive racial equity work. All applications are to be submitted online no later than 11:59 pm ET on July 29, 2022. [Read more and apply]
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In the News
Proposed CRA Rule Receives Mixed Reviews from Housers
The National Housing Conference, National Community Reinvestment Coalition (NCRC), and other groups are preparing detailed suggestions for further improvements. Advocates say they fear that without critical changes, including explicit references to race and stronger requirements for the small banks that serve rural areas, financial institutions will continue their historic avoidance or neglect of struggling majority-minority communities. [Read more]
BMO, Community Groups Square Off at Merger Hearing
By Dan Ennis, Banking Dive
Jesse Van Tol, CEO of the National Community Reinvestment Coalition (NCRC), warned the merger may amp up concentration in the banking sphere. “The largest banks in the country were built one acquisition at a time through combinations just like this one,” he said, according to the Financial Post. Not every community group opposes the merger. [Read more]
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On Our Radar
The Economic Cost Of Racial inequality
By Kate Davidson and Aubree Eliza Weaver, Politico
“The economic cost of racial inequality is borne not just by the individuals directly faced with limited opportunities, but also has spillovers to the entire U.S. economy,” wrote Ben Harris, Treasury’s assistant secretary for economic policy, and Janis Bowdler, Treasury counselor for racial equity. “Especially as the country becomes more racially diverse, inequality poses an ongoing threat to our individual and collective economic welfare.”[Read more]
The Value of The Federal Minimum Wage Is At Its Lowest Point in 66 years
By David Cooper, Sebastian Martinez Hickey, and Ben Zipperer, Working Economics Blog
The value of the federal minimum wage has reached its lowest point in 66 years, according to an EPI analysis of recently released Consumer Price Index (CPI) data. Accounting for price increases in June, the current federal minimum wage of $7.25 per hour is now worth less than at any point since February 1956.[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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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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