Anneliese Lederer

Mystery Shopper Tests Show Continuing Racial Discrimination In Small Business Lending At Banks, Made Worse By A Dash Of Socioeconomic Bias

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To better understand the interconnectedness between race and SES within the small business lending arena, the National Community Reinvestment Coalition (NCRC), in conjunction with our academic partners – Dr. Sterling Bone (Utah State University), Dr. Maura Scott (Florida State University) and Dr. Glenn Chrisitinsan (Brigham Young University) – conducted matched-pair testing at financial institutions in the Washington, DC, metropolitan area between November and December 2020.

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The Legacy of Redlining on Black Maternal Health

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During the New Deal Era of the 1930s, the discriminatory practice of redlining was introduced in the United States. Neighborhoods with immigrants and people of color were labeled  “red” and designated “hazardous” by the Home Owners’ Loan Corporation, and banks, realtors and public officials used those maps to deny loans and other investments in those

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NCRC and bank trade groups urge Congress to review credit union rules

By / / Press Releases / 1 minute of reading

This week, the National Community Reinvestment Coalition, the American Bankers Association and the Independent Community Bankers Association submitted a joint letter to Congress, calling on the House Financial Services Committee to exercise its oversight function over the National Credit Union Administration (NCUA) and enact new legislation that subjects credit unions to the Community Reinvestment Act (CRA).

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NCRC Applauds the CFPB’s Decision to Assess the Effectiveness of the HMDA Rule, But More Immediate Action is Required

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The CFPB’s request for information this week is a promising first step, but the agency should complete the work to implement the Congressionally-mandated requirements for a HMDA that will shed light on lending activity in all communities and with the robust data points that the public needs to investigate financial institutions for fair lending concerns.

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How Kim Alfonso is Creating A Diverse, Inclusive and Accessible World for People with Disabilities

By / / Field Notes / 8 minutes of reading

DC Women’s Business Center, Founder Feature: Kim Alfonso is the Co-Founder and CEO of Results One LLC , and is a client of the DC Women’s Business Center, an NCRC program. Kim Greenfield Alfonso is a native Washingtonian and the daughter of medical professionals who graduated from Howard University. She credits her father for instilling in

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It’s time for policymakers and mortgage lenders to promote special purpose credit programs to help close the racial wealth gap

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Although Congress is likely to include funding for several housing programs in the Build Back Better Act that will provide federal assistance for first-generation homeownership, these federal funds are only one of many steps needed to close the racial wealth gap. One of the most important next steps is for policymakers to encourage mortgage lenders to embrace the use of special purpose credit programs (SPCPs).

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