#WelcomeMe #FairHousingMatters Challenge By NCRC Help us stop housing discrimination once and for all. Tell everyone, everywhere what it means to have a home, neighborhood, community free from discrimination. [Learn More]
News
REPORT: KeyBank Promised To Improve, Then Became The Worst Major Mortgage Lender For Black Homebuyers
After pledging to better support underserved communities if regulators approved a 2016 merger, KeyBank instead became, by one measure, the nation’s worst major mortgage lender for Black homebuyers, the National Community Reinvestment Coalition revealed Thursday in a new report. [Read more]
Views
NCRC And Co-Plaintiffs’ Legal Victory Means Mortgage Lenders Must Comply With More Robust Fair Lending Reporting Requirements
By Brad Blower and Anneliese Lederer
In a victory for consumers and strong fair lending monitoring, the Consumer Financial Protection Bureau will enforce more robust reporting requirements under the Home Mortgage Disclosure Act (HMDA) beginning in 2023. [Read more]
Long-Awaited Small Farm Loan Data Will Play Vital Role In Closing Race, Gender Divides
By Josh Silver
Examining the transformative potential of an underappreciated piece of a long-awaited small business lending regulations. [Read more]
CRA Comments Review, Part 3: What Are Banks And Trade Groups Worried About – Or Embracing?
By Joe Reed
In Part One of this series on commenter themes, we looked at race and small business ideas. Part Two covered health care and climate resiliency themes. Here in Part Three, we identify areas of emphasis from the banking industry itself. [Read more]
CRA Comments Review, Part 2: What Do Healthcare And Climate Resiliency Advocates Want From Regulators?
By Joe Reed
In Part One of this series on commenter themes, we looked at race and small business ideas. Here in Part Two, NCRC will review comments that mentioned health care and climate resiliency. [Read more]
Research
REDLINED: KeyBank Failed Black America Despite Its Commitments To Improve
Jason Richardson and Jad Edlebi
KeyBank disregarded commitments to improve lending to Black homeowners and potential homeowners. Federal data shows KeyBank now ranks at the bottom among the 50 largest mortgage lenders in the nation in the percentage of its borrowers who are Black, live in majority-minority or LMI neighborhoods and are people of color. [Read more]
Events
2023 Just Economy Conference
March 29-30
The Just Economy Conference is the national event for community, business, foundation, policy and government leaders who want a nation that not only promises but delivers opportunities for all Americans to build wealth and live well. National and local luminaries, visionaries and changemakers gather to network, share ideas, learn and ask hard questions to chart out a better future. [Register here]
In the News
KeyBank Is The 'Worst Major Mortgage Lender For Black Homebuyers,' Report Says
Community Coalition Criticizes KeyBank Over Lending To Black Customers
By Matt Glynn, The Buffalo News
The National Community Reinvestment Coalition said it has stopped working with Key on extending a community benefits plan that the Cleveland-based bank developed in partnership with the NCRC, when Key was acquiring First Niagara Bank six years ago. [Read more]
BMO Unveils $40 Billion Community Benefits Plan
By Rajashree Chakravarty, Banking Dive
BMO developed the plan with input from more than 85 community groups through listening sessions facilitated by the National Community Reinvestment Coalition and the California Reinvestment Coalition. [Read more]
On Our Radar
Respect For Marriage Act Clears Congress With Bipartisan Support
By Ximena Bustillo, Juma Sei and Deepa Shivaram, NPR
Both the House and the Senate have passed the Respect for Marriage Act, which codifies same-sex and interracial marriages. The bill will headto President Joe Biden's desk to be signed into law, which is expected to happen soon. [Read More]
Top Stablecoin Firms Are Under Federal Investigation
By David Dayen, The American Prospect
Stablecoin legislation is the most likely crypto policy in the next Congress. But the top firms all face questions from law enforcement. [Read more]
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]
Learning & Training Hub Register for NCRC's catalog of professional development courses for community development leaders. [Learn more]
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]
Racial Wealth Snapshots Browse our catalog of socioeconomic briefs and infographics. [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]
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]
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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