Small Businesses of Color Matter Too
Minority-owned businesses are vital to economic growth, but discriminatory lending hinders access to credit.
Small Businesses of Color Matter Too Read More »
COVID-19 is speeding up white flight: Now is the time to invest in affordable housing
The pandemic has triggered the start of what might become a new round of “white flight” in some of the highest cost cities.
COVID-19 is speeding up white flight: Now is the time to invest in affordable housing Read More »
Why BLM Solidarity Requires Banks To Address Diversity And Inclusion Issues
Some bank executives claim a limited pool of Black talent to recruit from, but the problem is in large part due to insular recruitment practices.
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Pollution in Black neighborhoods part of Louisville’s systemic racism
This is one in a series of essays accompanying NCRC’s 2020 analysis that showed more chronic disease and greater risks from COVID-19 in formerly redlined communities. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views or policy positions of NCRC. Thousands of Black and
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OCC grants preliminary charter application for Social Finance, Inc., despite opposition
On Tuesday, the Office of the Comptroller of the Currency (OCC) granted a conditional approval to Social Finance, Inc. to create a nationally chartered bank called SoFi Bank despite opposition from national community groups, including the National Community Reinvestment Coalition (NCRC).
OCC grants preliminary charter application for Social Finance, Inc., despite opposition Read More »
OCC’s new True Lender rule opens the door to more abusive lending
In a final rule issued Tuesday, the Office of the Comptroller of the Currency sanctioned high-cost lending arrangements between state-licensed non-banks and national banks. As a result, payday lenders and others charging triple-digit interest rates will be able to conduct business in states where high-cost lending is prohibited by state law.
OCC’s new True Lender rule opens the door to more abusive lending Read More »
Monti Taylor
Resource Coordinator, DCWBC mtaylor@dcwbc.org 202-464-2304 Monti Taylor is passionate about community development work, from volunteering with environmental organizations to navigating resources for programming within a community center. She has worked on small grant projects and enjoys using research to uncover hidden patterns in society, with the goal of advocating for social change. She is currently working on
NCRC applauds preliminary injunction to postpone effective date of HUD’s disparate impact Rule
Today, the United States District Court of Massachusetts found in favor of the Massachusetts Fair Housing Center and Housing Works, Inc. and issued a preliminary injunction to postpone the start date of the U.S. Department of Housing and Urban Development’s (HUD) new disparate impact rule, which had been finalized by the agency in September.
Economic Reparations: the Path “From Here to Equality”
In about 400 pages, “From Here To Equality” reviews the political history of the Black reparations movement, the effects of slavery on the nation’s development and the ongoing failure of the country to take action to bridge racial economic inequality. It also outlines a program for Black reparations.
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With COVID-19 taking a new toll, a poor Black community in Alabama awaits justice for a 2008 industrial disaster
A dozen years after a gas and chemical leak ravaged their community, the residents of Eight Mile, Alabama, are still waiting for the federal government to take action against the companies responsible for it.
NCRC disappointed by Senate vote against CRA resolution
Today, the Senate failed to pass H.R. Res 90, which would have overturned new rules on the Community Reinvestment Act (CRA) finalized by the Office of the Comptroller of the Currency (OCC) in May. On a party line vote, Senate Democrats voted in support of the resolution that would nullify the OCC’s weakening of CRA rules, while Senate Republicans voted to keep them in place.
NCRC disappointed by Senate vote against CRA resolution Read More »
New Report Gives Banks a Clear Pathway to Diversity Benchmarks
New benchmarks for racial and ethnic representation from NCRC and Beneficial State Foundation set goals and metrics for banks to evaluate their performance
New Report Gives Banks a Clear Pathway to Diversity Benchmarks Read More »
Jamie Buell
Racial Economic Equity Coordinator jbuell@ncrc.org 202.792.1281 Jamie Buell has been working with NCRC since January 2020. Growing up in Los Angeles, Jamie has been familiar with America’s economic inequality and how race worsened the wealth gap from a young age. Her multiracial upbringing melded together the differing realities of wealth and financial health among White
Health equity was a challenge before coronavirus
Health and wealth equity didn’t exist in the U.S. before COVID-19, and the pandemic only exacerbated racial, ethnic, gender and geographic disparities. To address these issues and provide a platform for collaborative work toward solutions, NCRC members and partners in North Carolina held a 3-day special online event Oct. 13-15, 2020: Invest in Health and Wealth: Stabilizing Underserved Communities While Fighting a Pandemic.
Health equity was a challenge before coronavirus Read More »
NCRC Short Summary of Federal Reserve Board Advanced Notice of Proposed Rulemaking on the Community Reinvestment Act
On September 21, the Federal Reserve Board approved an Advance Notice of Proposed Rulemaking (ANPR) on the Community Reinvestment Act (CRA). As an ANPR, this document is not a proposed change to the Federal Reserve’s CRA regulations. However, it offers details about a rule change the Federal Reserve (Fed) is contemplating