Introducing the Just Economy Pledge
America should not only promise but deliver to all Americans opportunities to build wealth and live well. The Just Economy Pledge is a starting point.
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The Wall Street Journal: Consumers Are More Likely to Use or Drop Brands Based on Racial Justice Response, Survey Finds
People have become more likely to use a new brand or stop using one because of its response to calls for racial justice, according to a new survey released last month.
NCRC Commends President Biden for Addressing Racial Wealth Divide And Discrimination
The actions announced today are a downpayment on equitable investments in communities, expanded funding for affordable housing, the removal of barriers that have blocked equitable development, and the opportunity to participate in the federal procurement process.
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The Tulsa Race Massacre: A Reminder of the Ongoing Fight for Black Wealth Equality
While Greenwood (aka the Black Wall Street) was literally set to flames in 1921, the veiled injustices that Black small businesses fight today are equally cruel and threaten not only the economic well being of Black people but the culture and history of Black neighborhoods.
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The New York Times: Can Removing Highways Fix America’s Cities?
Highways radically reshaped cities, destroying dense downtown neighborhoods, dividing many Black communities and increasing car dependence.
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Axios: Biggest U.S. bank CEOs grilled over profits and priorities
The CEOs of the six biggest U.S. banks gathered before the Senate Banking Committee on Wednesday for the first time since the financial crisis in 2008 to face questions over their institutions’ roles in American life.
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CNBC: Keeping the expanded child tax credit would help 65.6 million American kids
As many as 65.6 million American children — 90% of all kids in the U.S. — would benefit from an expanded child tax credit.
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MarketWatch: Elizabeth Warren slams Fed’s top bank cop, saying system will be ‘safer’ when he’s gone
Warren criticized Fed Vice Chairman for Supervision Randal Quarles — who was appointed by former President Donald Trump, and whose four-year term is set to expire in October — during a Senate Banking Committee hearing.
PBSNews Hour: WATCH: Race Matters — America After George Floyd
One year after the police killing of George Floyd, where does America go from here?
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WebProNews: D.C. AG Launches Antitrust Suit Against Amazon
Washington, D.C. Attorney General Karl A. Racine has filed an antitrust lawsuit against Amazon for anticompetitive practices and price-fixing.
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Politico: Corporate America got more ‘woke.’ Will it last?
A year after George Floyd’s death, companies are balancing demands for rapid change against complaints from some conservatives about “woke CEOs” wading into political fights.
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WFAA: ‘A billion dollars would get people’s attention’: Support builds for solution to increase lending in minority neighborhoods
The concept was developed in part by the National Community Reinvestment Coalition, which advocates for greater reinvestment by banks in low- to moderate-income neighborhoods. The coalition has drafted model legislation that local governments can work from.
The Bay State Banner: Report: Racial wealth gap, discrimination block minority businesses from financing
Matos noted that the National Community Reinvestment Coalition has for years conducted tests where it sends pairs of individuals with identical profiles — one white, one a person of color — to lending institutions. The disparate results have suggested discrimination exists across the board.
FOX West Texas: ‘Diabolical and wrong’: Wells Fargo, other banks finance predatory lenders that can charge over 400% interest in minority communities
Data that Wells Fargo shares with the federal government that was analyzed by the National Community Reinvestment Coalition show the bank makes relatively few loans to low- to moderate-income borrowers in Dallas County.
NCRC selects 30 organizations for first round of $5 million grant fund
Supported by Morgan Stanley, the $5 million Field Empowerment Fund provides unrestricted grants to NCRC members to respond to the economic impacts of the coronavirus pandemic.
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