NCRC and HSBC Announce $25 Million Partnership to Advance Economic Opportunities in Low- and Moderate-Income Communities
The new NCRC-HSBC partnership agreement launches in January 2025.
Neighborhood Mental Health Outcomes Are Connected To Mortgage Lending Volumes, New Study Finds
Mental health outcomes are better in neighborhoods with higher volumes of mortgage lending, a research insight that was not possible prior to recent NIH-funded data tools.
CFPB Study Confirms Advocates’ Findings That Small Business Lending Has A Big Racial Discrimination Problem
Advocates have long sounded alarms over racial discrimination in small business lending. New CFPB work validates those concerns.
Video: Just Economy Conversations: Preserving Homeownership and Wealth Creation by Addressing Heirs’ Property and Tangled Titles
Online Event Archive Recorded: November 7, 2024 This webinar, Preserving Homeownership and Wealth Creation by Addressing Heirs’ Property and Tangled Titles, provides an overview of residential heirs’ property, which is created when a property owner dies without a will or another form of estate planning and the property is transferred to their descendants as undivided
NCRC Receives $1.3 Million USDA Grant For SNAP Workforce Development Programs
The National Community Reinvestment Coalition (NCRC) received a $1.3 million, three-year grant from the US Department of Agriculture (USDA) to provide workforce development programs, education and employment services under the Supplemental Nutrition Assistance Program’s Employment and Training system (SNAP E&T). The grant will help NCRC’s network of more than 700 member organizations across the country
NCRC Hires Roxana Smith as NCRC CDF Director of Relationship Development
Meet Roxana “Roxy” Smith, new Director of Relationship Development at the National Community Reinvestment Coalition Community Development Fund (NCRC CDF). Roxy will be instrumental in efforts to drive economic mobility and provide access to capital for underserved communities. Her work involves spearheading fundraising initiatives, cultivating corporate and philanthropic partnerships, developing new business opportunities and delivering
Vote For Your Favorite 2025 Just Economy Conference Sessions
What would YOU like to see at the 2025 Just Economy Conference? We’ve opened up a selection of conference session ideas for public voting. Please vote and encourage your colleagues to do the same! Voting will take place over the course of the next 10 days, opening today, November 7, and closing on November 15.
Capital One Buries News Of Potential Fines That Could Make Its Discover Merger ‘Unlikely’ To Be Approved Under Federal Rules
The Capital One-Discover merger timeline has already moved back. Now they’re quietly acknowledging a new and significant threat to the merger’s approval.
NCRC Awards $2.4 Million In Field Empowerment Fund Grants To 17 NCRC Member Organizations
The National Community Reinvestment Coalition (NCRC) will provide $2.4 million to 17 community organizations awarded grants under the NCRC Field Empowerment Fund. “We may be nationally known for our policy and research work, but NCRC’s greatest strength is the work our members do at the state, city and neighborhood level. That’s where the people our
30-Year Freeze: Lack Of Progress On Racial Wealth Gap Since 1990s Signals Need To Try New Tactics
America tried a lot of different things to repair racial economic inequality over the past three decades. The racial wealth gap barely moved.
The Racial Wealth Gap 1992 to 2022
America tried a lot of different things to repair racial economic inequality over the past three decades. The racial wealth gap barely moved.
Video: The HMDA Longitudinal Dataset: Tracking Mortgage Lending 1981-2021
Online Event Archive Recorded: October 2, 2024 NCRC Principal Researcher Bruce Mitchell presented the HMDA Longitudinal Data Set (HLD), a comprehensive mortgage lending dataset from 1981 to 2021. Funded by the National Institutes of Health, HLD standardizes mortgage data to 2010 census boundaries, enabling consistent comparisons over four decades. The dataset includes mortgage originations by
Primo Partners Grows with Ben & Jerry’s and New Business Ventures
This is part of a series of profiles showcasing the talented entrepreneurs of NCRC’s Community Development Fund, which provides small business loans and business training services. Primo Partners, LLC is a minority-owned franchise operator founded by cousins Antonio McBroom and Eric Taylor in Chapel Hill, North Carolina. The company operates 23 stores, including 20 Ben
2025 Just Economy Conference: Registration Now Open
Registration for the 2025 Just Economy Conference is now open! We are so excited to invite you to join us in person from March 26-27 in Washington, DC! The Just Economy Conference is the leading national conference for economic and social justice. Don’t miss your chance to join activists, elected officials, policymakers, community leaders, civil
NCRC Statement on NY AG Filing on Capital One-Discover Merger
The merger review process should be transparent, not a back-room deal between bankers and their regulators.
NCRC Comment on Third Party Guidance for Bank-Fintech Arrangements
(Download) October 15, 2024 RE: Request for Information on Bank-Fintech Arrangements Involving Banking Products and Services Distributed to Consumers and Businesses To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the recent interagency guidance on third party relationships and the follow-up request for information (RFI) on bank partnerships with fintechs (non-bank financial
NCRC Urges Overhaul Of Banking-As-A-Service Regulations In Wake Of Synapse Collapse
The collapse of Synapse showed regulators need to catch up to banking-as-a-service fintechs.
CFPB Adapts NCRC Suggestions In Strong, Sensible Section 1033 Financial Data Privacy Rule
Consumer advocates had one major suggestion for the CFPB’s Section 1033 financial data privacy rule — and the agency listened.
NCRC’s Comment on Proposed Affordable Housing Goals for 2025-2027
(Download) October 21, 2024 RE: 2025–2027 Enterprise Housing Goals To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to comment on the Federal Housing Finance Agency’s (FHFA) proposed affordable housing goals for 2025 through 2027. NCRC applauds some of the goals as pushing the Government Sponsored Enterprises (GSEs) to consistently
NCRC Comments on Charles Schwab CRA Strategic Plan
(Download) October 16, 2024 Federal Reserve Board CCA-CRA-Staff@frb.gov Federal Reserve Bank of Dallas Dallas-CASup@dal.frb.org CRA Officer Charles Schwab Bank, SSB Charles Schwab Premier Bank, SSB CRAPlanComments@schwab.com Re: Proposed 2025 Community Reinvestment Act Strategic Plan for Charles Schwab Bank, SSB (the CSB Plan) and Proposed 2025 Community Reinvestment Act Strategic Plan for Charles Schwab Premier Bank,
NCRC Comments on Square’s Proposed CRA Strategic Plan Outline how Square Exploits the ILC Charter to Avoid Reinvestment Obligations
(Download) The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to provide comments on the CRA Strategic Plan (the Plan) proposed by Square Financial Services Inc. (SFS or Square). NCRC is a coalition of over 700 community organizations that work with policymakers and financial institutions to champion fairness in banking, housing, and business development. Overall,
Citadel FCU Redlining Settlement Proves It’s Time To Bring Credit Unions Under Community Reinvestment Act Enforcement
A recent federal law enforcement settlement with Citadel Federal Credit Union illustrates why the Community Reinvestment Act’s (CRA) omission of credit unions from its rules is a dangerous mistake, a leading community development and financial regulation advocate said Tuesday. “It no longer makes sense to let credit unions out of the common-sense obligations that CRA
Video: Thriving Communities Grantmaking Program
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Credit Card Monopolies Are Exploiting Small Businesses. Here’s What The Feds Are Doing About It.
The Visa antitrust lawsuit and congressional work on the Credit Card Competition Act would curb abusive practices by credit card monopolies.
October Surprise? 2024 Race, Jobs, and the Economy Update
The September jobs report beat expectations by a lot. But how is the US economy actually doing — and could it provide an “October surprise?”