Dedrick Asante-Muhammad and Sally Sim

Racial Wealth Snapshot: Women, Men and the Racial Wealth Divide

By / / Research / 8 minutes of reading

Download Infographic Intro Women have made great strides in the workplace, comprising nearly half of the workforce, and surpassing men in higher education achievement. Yet, women still make less income, have less wealth and face greater economic instability than their male counterparts. The level of economic instability faced by men and women is greatly influenced […]

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Black Entrepreneurship’s Lethal Pre-Existing Condition: The Racial Wealth Divide During the COVID Crisis

By / / Research / 31 minutes of reading

Black America was in an economic crisis before COVID-19, and recovery for Black-owned businesses will require solutions to the economic preconditions that made success and wealth accumulation so difficult to achieve before the pandemic, a new report found.

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Joint advocates letter on delaying compliance with the general loan definition under the CFPB’s Qualified Mortgage rule

By / / Testimony & Regulatory Comments / 12 minutes of reading

(Download) April 5, 2021 Mr. Dave Uejio Acting Director Consumer Financial Protection Bureau 1700 G Street NW Washington, DC 20552 Re: Docket No. CFPB-2021-0003, Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z): General QM Loan Definition; Delay of Mandatory Compliance Date Dear Acting Director Uejio: We the undersigned civil rights organizations are

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For women entrepreneurs, one daunting obstacle to recovery from the She-Recession will be barriers to credit

By / / Views / 4 minutes of reading

Entrepreneurship is not a successful venture without the right tools. One of these tools is access to credit – the money needed to start a business, expand or deal with ebbs and flows in revenue.

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NCRC comment on OMB Standards For Delineating The Metropolitan And Micropolitan Statistical Area, OMB-2021-0001

By / / Testimony & Regulatory Comments / 18 minutes of reading

(Download) March 19, 2021 RE: OMB Standards for Delineating the Metropolitan and Micropolitan Statistical Area, OMB-2021-0001 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) and the undersigned organizations oppose the Office of Management of Budget’s (OMB’s) proposed re-definition of metropolitan and micropolitan areas. Under the proposal, a metropolitan statistical area would be

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Letter of support for Don Graves to be next Deputy Commerce Secretary

By / / Testimony & Regulatory Comments / 6 minutes of reading

(Download) The Honorable Maria Cantwell Chair Committee on Commerce, Science and Transportation United States Senate Washington, DC 20510 The Honorable Roger Wicker Ranking Member Committee on Commerce, Science and Transportation United States Senate Washington, DC 20510 March 17, 2021 Re: Consumer, community and civil rights groups urge confirmation of Don Graves for Deputy Secretary, Department

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Joint Letter urging inclusion of the Neighborhood Homes Investment Act in the Administration’s infrastructure proposal

By / / Testimony & Regulatory Comments / 4 minutes of reading

(Download) March 17, 2021 The Honorable Joseph R. Biden, Jr. The White House 1600 Pennsylvania Avenue, N.W. Washington DC 20500 Dear President Biden: We are a diverse and broad coalition of nonprofits, real estate trade groups, lenders, and civil rights advocates, brought together by a shared belief that we need a policy solution that expands

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Relationships Matter: Small Business and Bank Branch Locations

By / / Research / 45 minutes of reading

Relationships Matter: Small Business and Bank Branch Locations March 2021 — Key Takeaways The number of banks and bank branches has declined significantly since 2009. Local branches are still crucial to small business lending. Small business lending is increasingly dominated by the largest lending institutions. Smaller institutions are disappearing as they merge or are bought

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NCRC’s comment on Brex’s charter application

By / / Testimony & Regulatory Comments / 14 minutes of reading

(Download) March 15, 2021 RE: Comment on Brex’s charter application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that Brex’s application for deposit insurance for an Industrial Loan Charter (ILC) would not accord with safety and soundness standards for banks and has not demonstrated a significant commitment to meeting the convenience

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NCRC Urges Robust Affordable Housing Goals & FHFA Policies To Support Them

By / / Testimony & Regulatory Comments / 23 minutes of reading

(Download) February 28, 2021 Alfred M. Pollard, General Counsel Federal Housing Finance Agency, Eighth Floor 400 Seventh Street SW Washington, DC Attention: Comments/RIN 2590–AB12 Dear Mr. Pollard: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to publicly comment on the Federal Housing Finance Agency’s (FHFA) advance notice of proposed rulemaking on the Enterprise Housing

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NCRC urges support for the Fair Lending for All Act (HR166), recommends strengthening enforcement to prevent lending discrimination

By / / Testimony & Regulatory Comments / 9 minutes of reading

(Download) February 26, 2021 The Honorable Al Green Chair Committee on Financial Services Subcommittee on Oversight and Investigations United States House of Representatives Washington, DC 20515 The Honorable Andy Barr Ranking Member Committee on Financial Services Subcommittee on Oversight and Investigations United States House of Representatives Washington, DC 20515 Dear Chairman Green, Ranking Member Barr

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60% Black Homeownership: A Radical Goal for Black Wealth Development

By / / Research / 17 minutes of reading

DOWNLOAD Overview: A radical increase in Black homeownership is needed to see progress in bridging Black and White homeownership and wealth inequality. One of the defining factors of economic well-being for individuals and families is household net worth or wealth, but not all families are equal. Decades of racial injustice and economic inequality have led

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NCRC, consumer and community groups urge FDIC to deny insurance application for Rakuten ILC

By / / Testimony & Regulatory Comments / 31 minutes of reading

February 19th, 2021 National Community Reinvestment Coalition 740 15th St. NW Washington, DC 20005 Kathy L. Moe Regional Director Federal Deposit Insurance Corporation 25 Jessie Street at Ecker Square Suite 2300 San Francisco, CA 94105-2780 RE: Comment Letter Regarding Deposit Insurance Application from Rakuten Bank America Dear Director Moe: The National Community Reinvestment Coalition (NCRC)

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