NCRC

STAT, June 26, 2024, National Academies Proposes Reimagining Health Care To Fix ‘Fundamental Flaws’ That Underlie Inequity The nation’s longstanding racial and ethnic health inequities will not improve unless Congress steps in to provide affordable health insurance for all and federal agencies start enforcing existing laws against discrimination and improve collection of racial and ethnic […]

AP News, July 8, 2024, Scorched By History: Discriminatory Past Shapes Heat Waves In Minority And Low-Income Neighborhoods Ruben Berrios knows the scorching truth: When it comes to extreme heat, where you live can be a matter of life and death. The 66-year-old lives in Mott Haven, a low-income neighborhood in New York’s South Bronx,

The Hill, July 10, 2024, Lawmakers Call For Pentagon To Address ‘Poor’ Military Housing Conditions A bipartisan group of lawmakers on Wednesday called for the Defense Department to address “poor living conditions” at military houses for service members and their families, pointing to particular concerns with private companies that oversee housing with what the congressional

Axios, July 9, 2024, High Inflation Is No Longer Only Risk For U.S. Economy: Fed Chair Powell Federal Reserve chair Jerome Powell told lawmakers on Tuesday that a weakening labor market is just as much a risk to the economy as high inflation. Why it matters: In recent months, Fed officials have said they want to see more economic

Housingwire, July 9, 2024, SFR Investors Drive Up Rents, But Don’t Cause Gentrification: Philadelphia Fed Institutional investors in single-family rental (SFR) houses cause rents in a neighborhood to increase quickly, but their entrance into a neighborhood doesn’t cause gentrification.  That’s the conclusion from a working paper released Tuesday by the Federal Reserve Bank of Philadelphia. The paper examined the impact

CFPB, July 10, 2024, Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties (Regulation X) The Consumer Financial Protection Bureau (Bureau or CFPB) is proposing a rule that would amend regulations originally issued in 2013 regarding the responsibilities of mortgage servicers. The proposed amendments would streamline existing requirements when borrowers seek payment assistance in times of

CFPB, July 10, 2024, CFPB Proposes Rules to Help Homeowners Avoid Foreclosure The Consumer Financial Protection Bureau (CFPB) today proposed new rules to make it easier for homeowners to get help when they are struggling to pay their mortgage. The proposal, if finalized, would require mortgage servicers to focus on helping borrowers, not foreclosing, when

wtop, July 9, 2024, ‘We’ve Got To Do Something’: Montgomery Co. Takes Closer Look At Zoning In Single Family Neighborhoods The impact of housing shortages across the U.S. has jurisdictions in the D.C. area taking a look at tossing restrictions on multifamily homes in neighborhoods previously zoned for single-family properties. In Alexandria, Virginia, that resulted

American Banker, July 11, 2024, Appeals Court Delivers Big Win To CFPB In Townstone Redlining Case A federal appeals court ruled that the Consumer Financial Protection Bureau has broad authority to discourage discrimination to combat redlining, delivering a major victory to the bureau in a contentious case, CFPB v. Townstone Financial, against a Chicago mortgage lender.

Federal Reserve, July 12, 2024, Agencies Release List Of Distressed Or Underserved Nonmetropolitan Middle-Income Geographies Federal bank regulatory agencies today released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the

The Observer, July 23, 2024, For ‘Unbanked’ Californians, Cash Is Still King In An Increasingly Cashless Society OPINION (CALMATTERS) – As a mother of six who works in a Los Angeles Jack-in-the-Box, Anneisha Williams can’t afford to pay steep bank fees. For her, every dollar matters, and overdraft fees have left her frustrated and fed

NPR, July 22, 2024, As New Tech Threatens Jobs, Silicon Valley Promotes No-Strings Cash Aid The rise of artificial intelligence has stoked fears that such technological advances will wipe out millions of jobs. Silicon Valley entrepreneurs have thought about that too, and they’ve long pushed an idea to soften the blow: cash aid from the government, no

Frontline, July 23, 2024, Where Are the ‘Two American Families’ 30-Plus Years After We Started Filming Them? Even when Terry Neumann isn’t loading and unloading trailers at the Milwaukee-area warehouse where she works the 4 p.m. to midnight shift, her body aches. “With all of my physical jobs, my joints, my knees, shoulders, the foot

HUD, July 11, 2024, HUD Reaches Groundbreaking Settlement With The Appraisal Foundation To Ensure Equal Opportunity In The Appraisal Profession The U.S. Department of Housing and Urban Development (HUD) announced today that it has entered into an historic Conciliation Agreement with The Appraisal Foundation (TAF), an organization responsible for setting standards and qualifications for real