In September 2018, the Federal Deposit Insurance Corporation (FDIC) released the results of a survey of 1,200 banks on small business lending in America. It found that small business lending is threatened by the decline of smaller banks and the reduction of bank branches in many communities. But just as revealing was what the survey didn’t find. More information that would be essential for policy and regulatory decisions remains concealed, invisible to the public.
GIS Specialist, Research firstname.lastname@example.org 202-393-8305 Jad serves as GIS Specialist to NCRC’s Membership & Policy team. He is originally from New York City. Prior to joining NCRC, he worked as a Mapping Technician to Cruise Automation in San Francisco, digitizing interactive environments for autonomous vehicles. He has also held various GIS-focused internships within New York […]
Think Progress, May 14, 2019: As gentrification swallows Chocolate City, report finds D.C. cops targeted black residents Black people in Washington, D.C., were arrested 10 times as often as their white peers during a recent five-year period that has also seen the capital city top lists of the most rapidly gentrifying cities in the nation. […]
Next City, May 10, 2019: Economics in brief: Tax breaks worsened racial wealth gap A new report finds that the 2017 tax reform put $143 a day into the pockets of a top 1-percent family, while middle-class households earning between $40,000 and $110,000 are seeing just $2.75 a day, according to an op-ed in the St. Louis […]
The Buffalo News, May 10, 2019: KeyBank invests $197 million locally under community benefits plan KeyBank’s new East Side branch is getting ready to open next month, and its neighbors are noticing. “They are emailing us pictures of the branch progress,” said Kawanza A. Humphrey, Key’s regional corporate responsibility officer. “Our awning went up (this week) and […]
National Community Reinvestment Coalition (NCRC) President and CEO urged more lending and better service for low- and moderate-income communities (LMI) in remarks they made at two recent hearings on the proposed merger between BB&T Bank Corporation and SunTrust Banks, Inc.
City Limits, May 6, 2019: The displacement dangers of the Trump-Democrat infrastructure deal In the week since President Trump and Congressional Democratic leaders announced a vague agreement to pursue a $2 trillion infrastructure plan, more than one note of doubt has been sounded. Some wondered if Trump’s commitment was likely to survive more than one news cycle. Many […]
Bloomberg, May 6, 2019: Poverty is a bigger problem than gentrification First, the good news. More white Americans want to live in heavily black neighborhoods. A 2016 paper by the National University of Singapore’s Kwan Ok Lee found that since 1990, neighborhood segregation by race declined. Even better, mixed white-black neighborhoods have tended to stay mixed, instead of […]
American Banker, May 3, 2019: BB&T, SunTrust clear key hurdle on road to merger Dozens of groups involved in community development lending on Friday praised the potential benefits of the pending merger of BB&T and SunTrust Banks, but a small number of leaders raised concerns about potential job losses in certain communities. At the second […]
Winston-Salem Journal, May 4, 2019: BB&T, SunTrust tout community benefit of megadeal amid critics’ concerns The community and socio-economic effects of BB&T Corp. buying SunTrust Banks Inc. dominated the first of two public regulatory meetings about their proposed $66 billion megadeal. BB&T’s purchase of SunTrust, announced Feb. 7, has been touted as the largest bank […]