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
National Community Reinvestment Coalition (NCRC) Senior Policy Advisor Adam Rust has been elected to serve on the US Faster Payments Council’s Board of Directors. Rust will serve a term through 2022.
NCRC Staff Member Elected to Board of the Faster Payments Council Read More »
On Friday, September 18, 2020, NCRC and the city of Wilmington, Delaware, lost a champion for social justice and equality through the untimely death of Pastor Lottie Lee Davis of Be Ready Jesus is Coming Church.
In memoriam: Lottie Lee Davis Read More »
Today, President Trump tweeted that he has rejected the House Democrats “request,” referring to the latest edition of the HEROES Act, an economic stimulus package to protect and help people recover from the COVID-19 pandemic. He also said no further negotiations will take place until after the election.
Trump Tweet Halts Passage of HEROES Act Read More »
Today, the House passed a scaled-back version of the HEROES Act (H.R. 6800), trimming about $1.2 trillion in aid from a plan passed by the full chamber in May. The Senate has yet to take up the HEROES Act, and failed to pass a $500 million “skinny” aid package earlier this month.
The CFPB’s initial proposals for the small business lending data take some steps in the right direction such as including a broad range of institutions from banks to non-bank financial technology companies that would be required to report data. However, some proposals would keep lending activity in the dark such as the proposal to not report Merchant Cash Advances, a form of credit that is higher cost and has been subject to abuses.
Late Monday, the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), represented by Democracy Forward and Farella Braun + Martel, responded to the Office of the Comptroller of the Currency’s (OCC) attempt to dismiss their suit challenging its dismantling of anti-redlining rules put in place to enforce the Community Reinvestment Act (CRA).
On Monday, the Federal Reserve Board of Governors approved a process to revise the rules banks must follow to comply with the Community Reinvestment Act (CRA), and an Advanced Notice of Proposed Rulemaking (ANPR) to begin that process.
In this article, diversity, equity and inclusion consultants Stephen Graves and Alex Bethel share insights on how White healthcare professionals can move beyond White fragility and harness their racial privilege to create health equity.
White Accountability & Health Equity Read More »
Communication Specialist, Women’s Business Center smckoy@dcwbc.org 202-393-8307 Sade McKoy joined NCRC in October 2019. She has had an extensive career in Marketing and Communications. Sade has six years of experience helping entrepreneurs, brands and businesses create social media strategies. She’s worked with several noteworthy creative agencies and publications. Some of her expertise includes managing marketing campaigns
Over 44 million immigrants live in the United States, comprising about 13% of the population. Immigration to the U.S. has long been a topic of debate: who can come, under what conditions and when?
An Immigrant Nation Defined By Racial Inequality Read More »
“This is an encouraging step toward thoughtful updates to CRA rules, which are essential to ensure loans and investments from banks reach underserved minority and lower-income communities that have been especially hard hit by the coronavirus pandemic.”
NCRC statement on Federal Reserve vote to update CRA rules Read More »
Habitat for Humanity of Greater Charlottesville builds homes in partnership with low-income families, volunteers and members of the community, and sells them to those low-income families with affordable mortgages.
New Member Profile: Habitat for Humanity of Greater Charlottesville Read More »
National Findings Affirm Local Experiences Last week, a team of researchers from NCRC, the University of Wisconsin-Milwaukee School of Public Health and University of Richmond Digital Scholarship Lab produced a report with maps and data from 142 cities that showed how historic discrimination in lending and investing in entire neighborhoods correlates with shorter life expectancy
NCRC launches publishing series on Segregation, Environment and Health Read More »
The Consumer Financial Protection Bureau (CFPB) released yesterday an outline of proposals under consideration to collect data on lending to small businesses and help identify and address discrimination.
CFPB proposed changes to small business lending data a step in the right direction Read More »
