NCRC

Huntington, NCRC announce $40 billion expanded community benefits plan

Huntington Bancshares Inc. (Nasdaq: HBAN) and the National Community Reinvestment Coalition (NCRC) today announced a new $40 billion community benefits plan that will focus on affordable housing, small business loans and increased capital to low- and moderate-income communities, communities of color and communities that have been historically disadvantaged.

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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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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.

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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.

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