In the News

Bloomberg, June 1, 2022, Oakland A’s Clash With Shipping Industry Over Waterfront Ballpark Indeed, housing affordability and displacement concerns loom large in Oakland: The Bay Area is ranked as the most gentrified region in the US, according to a 2020 study from the National Community Reinvestment Coalition. Kaval says the team is setting aside $50 million for […]

The Regulatory Review, May 31, 2022, Increasing Access to Credit in Communities of Color Research from the National Community Reinvestment Coalition and Relman Colfax PLLC provides an in-depth analysis of the constitutional authorities allowing federal regulators to embed race-conscious evaluations in CRA regulations. There are numerous ways in which the CRA can and should be

The Center for Public Integrity, May 27, 2022, Rethinking what fair banking means In the 1930s, redlining maps created by the Home Owners Loan Corp. color-coded neighborhoods based on race, class, ethnicity, housing conditions or proximity to pollution sources. The Federal Housing Administration and the Veterans Administration followed similar practices. Generations of disinvestment followed. “Those

HuffPost, May 27, 2022, Is A Recession Coming In The U.S.? Here’s What Experts Say. Christelle Khalaf, associate director of the Center for Business and Economic Analysis at the University of Wyoming, said it was worth considering that policies implemented during the pandemic to support families may not have been anticipated to cause inflation. Dedrick

KCRG, May 24, 2022, The Black homeownership gap in Cedar Rapids According to the 2020 National Community Reinvestment Coalition Home Mortgage Report, home loan originations to majority-minority neighborhoods declined to 18.5% in that year from 19.1% just two years prior. According to the NCRC report data, a significant percentage of loan paperwork has lacked race

Bloomberg Law, May 24, 2022, Bank Mergers Face More Public Hearings, Scrutiny Under Biden Public hearings are set to become a more common feature in big bank merger reviews, allowing community groups and regulators to seek changes and conditions before deal approvals. Public merger hearings also provide insight into what bank regulators are thinking about

Sustainability HQ, May 20, 2022, Investing in Communities: KeyBank Exceeds Community Benefits Plan Financial Commitments To ensure our plan continues to best serve our communities, we worked with the National Community Reinvestment Coalition (NCRC) to gather community feedback throughout our footprint. Key and the NCRC hosted seven community listening sessions in 2021 to learn what

WORT FM, May 18, 2022, Asante-Muhammad Warns: Crypto Is Not The Answer The depreciation-adjusted average wealth of Blacks in the U.S. is around $9000, while the average wealth of Whites is $150,000. Cryptocurrency has been touted by some as the “savior for the Black economy”, but in his latest article, “Crypto Is a Risky Bet

Nasdaq, May 18, 2022, Mitsubishi UFJ’s (MUFG) U.S. Banking Arm Divesture Faces Delay Earlier this month, U.S. Bancorp announced a five-year community benefits plan to build and support equitable access to capital for the communities it serves as part of the planned acquisition of MUFG Union Bank. The plan was developed in coordination with the

Local News Matter, May 10, 2022, Are Santa Clara County’s American Indians disappearing? The 2020 census shows a 20% decrease in American Indians across Santa Clara County, perplexing city officials and fueling advocates’ concerns. American Indians across the United States have the highest poverty rate among all minority groups. In 2018, the poverty rate among

Forbes, May 10, 2022, Bridging The Gap: Why Clinical Trials Have A Diversity Problem And How To Fix It One’s geography alone can be a huge indicator of what your health journey might look like. According to the National Community Reinvestment Coalition, up to 60% of your health is determined by your zip code. This is

Directionsmag.com, May 11, 2022, Understanding Redlining in America through GIS If you live in the United States, it’s likely that you live in an area that was highly segregated by race and economic status in the early 20th century. Neighborhoods have become more diverse since the 1900s, but the original composition of neighborhoods can be

Star Tribune, May 9, 2022, US Bank announces $100 billion community plan in merger with MUFG The company’s counterparts in developing the plan were the National Community Reinvestment Coalition, a Washington-based nonprofit organization that negotiates with banks on such agreements, and the California Reinvestment Coalition. Jesse Van Tol, president of the National Community Reinvestment Coalition,