From October 23, 2020, to December 29, 2020, the National Community Reinvestment Coalition (NCRC) surveyed small business owners in nine Metropolitan Statistical Areas (MSA). The data collected in the survey provided insight into accessing capital for small businesses as this program had fewer entry barriers than traditional loan products.
The Paycheck Protection Program (PPP) was a small business lending program created by Congress in 2020 to provide loans to save businesses from the economic impacts of the COVID-19 pandemic. There were two characteristics of this program that made it unique. First, a PPP loan could convert to a forgivable grant if the business spent
Business Structure of Small Businesses May Matter More Than We Knew Read More »
What is Section 1071 Data? The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 included Section 1071, which[1] mandated the collection and dissemination of data on applicants for loans to small businesses and women- and minority-owned firms. The Consumer Financial Protection Bureau (CFPB) was designated to collect the data. The statutory purpose of
Fact Sheet on Section 1071 Small Business Loan Data Read More »
If the Federal Deposit Insurance Corporation (FDIC) approves Rakuten Bank America’s application for an industrial loan company (ILC) charter, it would trigger a cascading series of problems that would add risk to our banking system at a time when all federal agencies should focus on reorienting the country toward an equitable recovery and a just
The FDIC Should Prevent Rakuten From Getting A Banking Charter Read More »
(Download) August 24, 2021 Janet Kincaid Deputy Regional Director Federal Deposit Insurance Corporation 25 Jessie Street at Ecker Square Suite 2300 San Francisco, CA 94105 RE: Change in Control, KMD Partners, LLC to acquire Liberty Bank, Inc. Dear Ms. Kincaid: We ask the FDIC not to approve the application from KMD Partners, LLC to acquire
NCRC, CRL, and NCLC File Joint Letter Opposing Acquisition of Liberty Bank Read More »
(Download) August 24, 2021 Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0001 Re: Docket No. HUD-2021-0033 FR-6251-P-01 Reinstatement of Discriminatory Effects Standard Dear Assistant Secretary Worden: The National Community Reinvestment Coalition (NCRC) and the undersigned organizations would like to applaud the
NCRC Comment on HUD’s Proposed Disparate Impact Rule Read More »
HMDA is a crucial tool for the public and local leaders to monitor the mortgage market and ensure lenders are not redlining in their communities.
2020 HMDA Preliminary Analysis Read More »
joint membership DISCOUNT Two Great Things that Go Great Together National Community Reinvestment Coalition (NCRC) and Pittsburgh Community Reinvestment Group (PCRG) members are eligible for a joint membership discount. Become a member of both organizations and enhance your knowledge and power to create and support sustainable solutions for economic justice in your neighborhood and across
NCRC Joint Membership with PCRG Read More »
A systemic approach is needed if decades of systemic racism in housing is to be successfully combated, according to the authors of a new compendium of essays published by the Poverty and Race Research Action Council (PRRAC).
Undoing Structural Racism: The Need for Systemic Change in Housing Policy Read More »
August 4, 2021 The Honorable Sherrod Brown Chair, U.S. Senate Committee on Banking, Housing, and Urban Affairs 534 Dirksen Senate Office Building Washington, DC 20510 The Honorable Pat Toomey Ranking Member, U.S. Senate Committee on Banking, Housing, and Urban Affairs 534 Dirksen Senate Office Building Washington, DC 20510 Re: Letter of support for Dave Uejio as Assistant
(Download) July 16, 2021 Marcea Barringer, Senior Policy Analyst Federal Housing Finance Agency, Eighth Floor 400 Seventh Street, S.W. Washington, D.C. 20219 Attention: Duty to Serve 2022-2024 RFI Dear Ms. Barringer, The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to publicly comment on the Federal Housing Finance Agency’s (FHFA) request for input on the Fannie Mae
Comment to FHFA on the Fannie Mae and Freddie Mac 2022-2024 Underserved Market Plans Read More »
The COVID-19 pause in evictions for unpaid rent is about to end. New analysis and a map from NCRC shows which neighborhoods in Philadelphia face the greatest risk for new evictions.
2021 Policy Agenda For The 117th Session Of Congress DOWNLOAD FULL POLICY AGENDA Investing in a Just Economy For nearly 30 years, NCRC has worked to create a just economy. We believe capital of various forms must be engaged in building an equitable and fair economy. There is a legal obligation for banks and other
2021 Policy Agenda for the 117th session of Congress Read More »
Online Event Archive Recorded Wednesday, July 21, 2021 Are you making the most of your NCRC Membership? Have you heard about NCRC’s new “Member Hub” ? Learn what resources, services, content, and networking opportunities your membership includes and how being a NCRC member can help you in your fight for a #JustEconomy. Members share their
Member Benefits Webinar Read More »
The idea and identity of whiteness in America has long been constructed, remodeled and refitted. Used as a tool to exclude and oppress, to be identified as White was, and is, a way to gain access to privileges.
Whites and the Racial Wealth Divide Snapshot Read More »
