Analysis and points of view on research, trends, issues, ideas and opportunities.
An NCRC evaluation of small business loan applications from a sample of seven banks in Washington, DC revealed that some lenders discriminate against applicants who have been charged at any time in their lives with a criminal offense.
The disparate impact of using “Ever Charged” on a commercial loan application Read More »
across the nation through changes to state laws and elections administration that could enable local political appointees or state legislatures to manipulate voting, restrict access or even overturn results. They won’t need a riot.
Jan. 6 should be a lasting reminder that American democracy is fragile Read More »
To better understand the interconnectedness between race and SES within the small business lending arena, the National Community Reinvestment Coalition (NCRC), in conjunction with our academic partners – Dr. Sterling Bone (Utah State University), Dr. Maura Scott (Florida State University) and Dr. Glenn Chrisitinsan (Brigham Young University) – conducted matched-pair testing at financial institutions in the Washington, DC, metropolitan area between November and December 2020.
The Department of Housing and Urban Development (HUD) issued yesterday a statement and legal opinion supporting the use of Special Purpose Credit Programs (SPCPs).
During the New Deal Era of the 1930s, the discriminatory practice of redlining was introduced in the United States. Neighborhoods with immigrants and people of color were labeled “red” and designated “hazardous” by the Home Owners’ Loan Corporation, and banks, realtors and public officials used those maps to deny loans and other investments in those
The Legacy of Redlining on Black Maternal Health Read More »
During yesterday’s confirmation hearing, two questions posed by senators considering the nomination of Dr. Saule Omarova to lead the Office of the Comptroller of the Currency (OCC) demonstrated the widespread interest in updating the Community Reinvestment Act (CRA).
The CFPB’s request for information this week is a promising first step, but the agency should complete the work to implement the Congressionally-mandated requirements for a HMDA that will shed light on lending activity in all communities and with the robust data points that the public needs to investigate financial institutions for fair lending concerns.
Although Congress is likely to include funding for several housing programs in the Build Back Better Act that will provide federal assistance for first-generation homeownership, these federal funds are only one of many steps needed to close the racial wealth gap. One of the most important next steps is for policymakers to encourage mortgage lenders to embrace the use of special purpose credit programs (SPCPs).
Tomorrow, NCRC will be temporarily dropping out of Facebook and Instagram. We’re going to log out and stay out of both November 10-13 to support a nationwide campaign designed to address some deep problems with Facebook.
Why we’re logging out of Facebook this week Read More »
Prioritizing racial equity is the most important CRA reform the Fed can tackle, said CEO Horacio Mendez at the New York City-based Association for Neighborhood and Housing Development annual conference in October.
How about a ‘Presumption of “Needs to Improve?’” Read More »
The report pushes policy in the right direction, but it stops short of action. The next step – selling stablecoin regulation to a divided Congress – could be much harder.
President’s working group calls on Congress to charter all stablecoin issuers Read More »
In honor of Latino Heritage Month, this is one in a series of NCRC snapshots and infographics exploring racial economic and wealth disparities and the economic conditions of various Latino nationalities. The Latino population has experienced record population growth, accounting for about half of total population growth from 2010 to 2019. This growth corresponds with
This article was co-produced and co-published with the Nonprofit Quarterly. The United States is a country built on the genocide and taking of land of Indigenous peoples, as well as turning enslaved Africans into the private wealth of White citizens. This has created a nation whose riches are highly concentrated among White Americans. Even after landmark
Closing the Racial Wealth Divide: A Plan to Boost Black Homeownership Read More »
of this national health crisis will take longer than initially expected. Utilizing art to process loss, explore themes of inequity in health and advocate for a more just society has a much-needed place in the creativity and function of community.
COVID Creative Placemaking Read More »
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 »
