In the News

The Alpine News, February 2, 2023, Decent customer service: Can we still bank on it? The consolidation of banking began in the 1980s. What then numbered 18,000, was just under 5,000 by 2021, according to the National Community Reinvestment Coalition. Impacting us locally, from 2017 to 2021 PNC Bank closed 418 locations and Huntington Bank […]

Front Porch, February 1, 2023, Front Porch: Gentrification Patterns in NE Denver The soaring home values and increasing rent prices that Denver experienced over the last decade has facilitated a pattern of neighborhoods being gentrified and residents being displaced. A study from the National Community Reinvestment Coalition revealed that 27 percent of Denver neighborhoods are

Al Día, January 31, 2023, Al Día: NALCAB announces list of 2023 Pete Garcia Fellowship members The National Association for Community Asset Builders (NALCAB) has announced the names of the 2023 cohort for the Pete Garcia Community Economic Development Fellowship program, marking 13 years of training up and coming Latino nonprofit leaders. The Fellowship comprises

American Banker, January 30, 2023, BankThink There’s A Surprising Risk Lurking In The Details Of Bank Mergers Big mergers don’t get approved today without big Community Benefit Agreements. Big as in $100 billion in the recent U.S. Bank deal, $88 billion with PNC, and likely over $100 billion on the pending TD Bank-First Horizon merger.

House Digest, January 25, 2023, Bad Home Advice Dished Out On House Hunters This glossing-over effect signals that race, sexual orientation, and other facets of a person’s identity are irrelevant in the home-buying process. As The New York Times highlights, black families have historically found it much harder to secure a mortgage loan than white families. Same-sex couples could

Market Watch, January 20, 2023, ‘The economic consequences are real’: Officials push for deeper scrutiny of racial bias in home-appraisal process The federal government is taking steps towards addressing bias in the home-appraisal process, after media reports and a new documentary series surface instances of bias and undervaluations.  “The gap in homeownership between Black and

American Banker, January 26, 2023, Auto lending practices draw regulatory scrutiny for USAA Fair-lending and consumer protection advocates see the unprecedented second failing grade as a sign of both the severity of USAA’s malpractice and a growing willingness for regulators to be tougher on banks.  “What is encouraging about all this is that we’ve called

Trib Live, January 17, 2022, PNC closing 2 more Pittsburgh-area locations, including Vandergrift branch “While I hate to see a business leave the community, I also understand the reasons this is happening throughout the banking industry,” Kessler said. “Fewer and fewer people actually visit brick-and-mortar banks anymore. So much banking is done electronically.” According to

American University Magazine, MetroCentrered: Navigating Neighborhood Transition Washington was the nation’s most intensely gentrified city between 2000 and 2013, according to the National Community Reinvestment Coalition (NCRC). Of 154 neighborhoods “eligible to gentrify”—those with median home values and household incomes below the 40th percentile—62 did based on increases in property values and college degree attainment.

Axios Philadelphia, December 15, 2022, Mortgage lender accused of underserving Black homebuyers in Philly Why it matters:Philadelphia is still reckoning with a long history of discriminatory policies that made it more difficult for Black applicants to access mortgages, compared to their white counterparts. The other side: KeyBank said in a statement that it “strongly disagrees” with the NCRC’s

American Banker, January 12, 2023, Community reinvestment group plans to put KeyBank’s regulators on notice One month after releasing a highly critical report about KeyBank’s mortgage lending record to Black borrowers, the National Community Reinvestment Coalition is taking its concerns to regulators. The fair-lending advocacy group says it is planning to send letters this quarter

County 10, January 10, 2022, ‘Ingrained and embedded’: Seminar spotlights institutional racism in systems, communities, individuals The facilitator used stories, multiple videos, and group activities to illustrate how institutional racism is “ingrained and embedded” into daily life in the United States, creating “inequitable opportunities and outcomes” in the workplace, the housing market, healthcare settings, education, and more.

Greenville News, January 11, 2023, Key findings from The Cost of Unity, a series on the displacement of Black Greenville Over the last 30 years, thousands of affluent white people moved into Southernside, West Greenville and other historically Black neighborhoods, raising property values and pushing out less affluent Black people. A 2020 report from the National

Patch, January 4, 2022, Washington, DC: Mayor Bowser Announces Key Appointments? Colleen Green is appointed Acting Director of the Department of Housing and Community Development (DHCD). Director Green has significant experience in finance, real estate, advisory services, operations, strategic planning, and business development. She has worked for both for-profit and nonprofit housing development organizations and