According to a mystery shopper test, National Community Reinvestment Coalition (NCRC) revealed that federal Paycheck Protection Program (PPP) lenders were in violation of Equal Credit Opportunity Act (ECOA) even after being made aware of discriminatory practices.
“The tests show that old patterns of systemic discrimination in lending didn’t magically disappear when banks made PPP loans,” Jesse Van Tol, CEO of the National Community Reinvestment Coalition, said.
A 2018 study conducted by the National Community Reinvestment Coalition (NCRC) in Los Angeles found that bank personnel introduced themselves less frequently to Black study participants than they did to white participants, and provided significantly less information to Black and Latinx participants regarding business loan products.
KCET: Small Business Lending Inequities During COVID-19 Read More »
A study conducted by the National Community Reinvestment Coalition in July found that Black business owners had a harder time securing coronavirus financial relief than white business owners.
Huntington, Fifth Third Bank and KeyBank negotiated with the National Community Reinvestment Coalition to create their community benefit agreements. The trio collectively committed to more than $60 billion in lending and investments to low- and moderate-income communities and communities of color in the markets they serve.
Today, these neighborhoods are low to moderate income, according to one analysis by the National Community Reinvestment Coalition, and located in cities with incessant economic inequalities and extremely segregated neighborhoods.
In 2019, the National Community Reinvestment Coalition released a study. It looked at census data from 2000–2013 to try and suss out demographic changes indicative of gentrification and displacement. The good news: Though gentrification was common in the country’s most populated cities, it was actually pretty rare in smaller and midsize ones.
StLMag: 10 bold solutions to move St. Louis forward Read More »
Biden faces steep housing challenges, from helping renters who can’t pay their rent during COVID-19 to preparing American homes for climate change. A major focus will be addressing widespread housing discrimination, according to Gerron Levi, senior director of government affairs at the National Community Reinvestment Coalition.
Fast Company: The pandemic worsened America’s housing crisis. Here’s how Biden can help Read More »
On October 29, we gathered over 1,300 community partners and friends for a virtual celebration of Fifth Third Bank’s Community Commitment. I want to personally thank our numerous partners, and especially the National Community Reinvestment Coalition. As John Taylor commented during the event, “We must work together to show what’s possible.
Big Spring Herald: Fifth Third Celebrates Successful Commitment with the Community Read More »
Three out of every four neighborhoods that were redlined in the 1930s still struggle today, according to a 2018 study by the National Community Reinvestment Coalition.
Apartment Therapy: For Black Homeowners, Unfair Appraisals Are All Too Common Read More »
A study conducted by the National Community Reinvestment Coalition in July found that Black business owners had a harder time securing coronavirus financial relief than white business owners.
Mail Tribune: State fund has committed more than $27 million to Black Oregonians Read More »
A recent study by the National Community Reinvestment Coalition found a higher prevalence of Covid risk factors in neighborhoods historically subject to “redlining,” a practice of denying mortgages and other services to people in certain areas, largely based on race.
Barron’s: Financial Watchdog Under Fire Amid Pandemic Read More »
Housing Action Illinois is a statewide coalition that has been leading the movement to protect and expand the availability of quality, affordable housing in Illinois for more than 30 years. Our 140+ member organizations include homeless service providers, housing counseling agencies, developers of affordable housing and policymakers. We bring everyone together to work toward our vision of an Illinois where everyone has a stable, good home.
Member Profile: Housing Action Illinois Read More »
The package represents a down payment for a just recovery that will prevent evictions, protect small businesses and provide additional direct payments to millions of families facing continued financial distress as a result of this global pandemic and economic crisis. The package also provides additional funding for Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs), lenders who can put capital to work in low-income communities and communities of color when and where they need it most.
This week, the Federal Deposit Insurance Corporation (FDIC) announced a final rule on industrial banks and industrial loan companies (ILCs), allowing nonbank parent companies to apply for and receive ILC charters, enabling these lenders to make loans across the country with narrow and insufficient community reinvestment obligations.
