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NCRC

Mother Jones: PPP Lending Was Supposed to Help Small Businesses in Kansas City. That’s Not What Happened.

Victoria Orozco at Drexel University’s Nowak Metro Finance Lab, Robert Nelson at the University of Richmond, Brent Never at the University of Missouri-Kansas City and the National Community Reinvestment Coalition’s Bruce Mitchell, Jason Richardson and Jad Edlebi offered feedback and advice at various stages of the analysis.

Mother Jones: PPP Lending Was Supposed to Help Small Businesses in Kansas City. That’s Not What Happened. Read More »

Indianapolis Recorder: Report recommends Indy gets more aggressive to ensure equitable development, prevent displacement

A 2020 study from the National Community Reinvestment Coalition found Indianapolis was No. 12 on a list of the most intensely gentrifying cities from 2013 to 2017. The study identified 20 census tracts in Marion County that had “gentrified” in that time.

Indianapolis Recorder: Report recommends Indy gets more aggressive to ensure equitable development, prevent displacement Read More »

Forbes:3 Major Banks Plan More Branch Closings As Thousands Shutter—In U.S. And U.K.—Amid Covid, Digital Growth

According to the National Community Reinvestment Coalition, a grassroots organization advocating for the underbanked, the number of U.S. bank branches dropped from 85,993 to 81,586, a 5.1% decline, between 2017 and 2020. About one-fourth of those closures occurred in low-to-moderate-income (LMI) neighborhoods

Forbes:3 Major Banks Plan More Branch Closings As Thousands Shutter—In U.S. And U.K.—Amid Covid, Digital Growth Read More »

ABA Banking Journal: OCC Conditionally Approves National Bank Charter Application for Crypto Firm Paxos

ABA President and CEO Rob Nichols joined National Community Reinvestment Coalition CEO Jesse Van Tol in an op-ed earlier this year warning of the risks of allowing fintechs to obtain national bank charters while circumventing the full range of consumer protection and community reinvestment laws that apply to traditional banks.

ABA Banking Journal: OCC Conditionally Approves National Bank Charter Application for Crypto Firm Paxos Read More »

OCC Hits Pause On Disastrous 2020 CRA Rule Changes, Lawsuit Still Pending

Today, the Office of the Comptroller of the Currency (OCC) announced that the agency will halt further implementation of its 2020 Community Reinvestment Act (CRA) rule and will reconsider the rule in its entirety — a necessary first step to reversing the Trump-era changes to the critical anti-redlining law.

OCC Hits Pause On Disastrous 2020 CRA Rule Changes, Lawsuit Still Pending Read More »

COVID-19 Showed the Need for Paid Leave & Wage Increases for Working Women of Color

The lack of equity in income and wealth shapes the way women of color can respond to social and financial crises, sometimes escalating minor financial setbacks into an array of economic hardships which make a recovery difficult. Women of color are, unfortunately, at the center of economic inequality and most in need of paid leave and wage increases.

COVID-19 Showed the Need for Paid Leave & Wage Increases for Working Women of Color Read More »

The American Dream Series Arrives in Parma Heights

Cleveland Custom Homes and GROWTH by NCRC Commit to Twelve New Builds Cleveland Custom Homes (CCH), in partnership with The NCRC Housing Rehab Fund, LLC (NCRC HRF), marketed as GROWTH by NCRC, closed on twelve lots dedicated to new construction in Parma Heights, Ohio. Lincoln Village, located near Stumph and Snow Roads, is one of

The American Dream Series Arrives in Parma Heights Read More »

NCRC applauds the confirmation of Don Graves as Deputy Secretary of the Department of Commerce

I would like to congratulate Deputy Secretary Graves on his confirmation to this critical post. We need a leader like him to work with Secretary Raimondo on key economic development issues critical to an equitable recovery. I would also like to thank the coalition of community and economic development organizations that supported his nomination.

NCRC applauds the confirmation of Don Graves as Deputy Secretary of the Department of Commerce Read More »

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