American Banker, September 10, 2024, NBT To Keep Evans Branch Offices After $236 Million Merger More than 70 banks have announced plans to sell in 2024, putting the year on track to eclipse last year’s total of 100. M&A in 2023 was held in check in large part by surging interest rates that spiked deposit […]
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Add your voice and expertise to the 2025 Just Economy Conference. The conference takes place March 26-27 in Washington, DC, and is preceded by NCRC’s member-only Hill Day on March 25. This is the national event for community, business, foundation, policy and government leaders who want a nation that not only promises but delivers opportunities
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Join NCRC for Just Economy Conversations, a series of online discussions about how to solve America’s persistent racial and socio-economic wealth, income and opportunity divides. We’ll bring together experts from NCRC and our network of community and national leaders to offer ideas, insights and practical strategies on how to make a Just Economy a national
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As you are thinking about applying for a business loan, whether as a startup or an existing business owner with years of experience running a business, it is important to consider and review the following steps prior to submitting your application to maximize your chances of success in securing capital for your business. 1. Understand
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Vox, May 2, 2024, What If Canceling People’s Medical Debt Doesn’t Help Them? Four in 10 Americans carry some kind of medical debt, an affliction that is unique to the United States among wealthy nations. The country does not guarantee medical insurance to everyone, and the costs even to people who carry coverage are much higher on average than they
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New York Post, April 25, 2024, Queens Hotel Begins Its Transformation Into Affordable Housing The 350-room JFK Hilton is well on its way to becoming perhaps the only byproduct of a program intended to convert hotels into permanent residences for low-income and formerly homeless New Yorkers, according to Gothamist. The property — located next to the
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Planetizen, April 28, 2024, Feds Issue New Energy Efficiency Standards For Affordable Housing A new set of building codes for affordable housing developments funded by federal dollars target energy efficiency, reports Kriston Capps for Bloomberg CityLab. “The standards will translate to lower costs for households least able to afford high energy prices, according to federal officials. Lower-income
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The Washington Post, April 29, 2024, Rent Caps May End In Prince George’s. Tenants Are Organizing A Fight. Housing affordability is a pressing issue for legislators in Prince George’s, a majority-Black suburb bordering D.C. Black and Latino renters stand to be disproportionately affected by rent hikes here, where despite pockets of affluence, 10 percent of
The Garden Island, April 30, 2024, Capital One To Buy Discover For $35 billion Consumer groups are expected to put heavy pressure on the Biden Administration to make sure the deal is good for consumers as well as shareholders. “The deal also poses massive anti-trust concerns, given the vertical integration of Capital One’s credit card
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Black News Portal, April 27, 2024, Breaking The Cycle: Dismantling Systemic Barriers To Minority Funding Op-Ed By J. Byron Brazier Local branches allow entrepreneurs to establish personal, trusting relationships with bankers, and those bonds can be a boon to small-business owners seeking financing. Banks consider “soft information” about business customers’ creditworthiness—qualitative data gathered over the
American Banker, April 23, 2024, Climate Change, Stifled Mergers And Other Challenges Facing Banks And Investors Community benefits plans have become commonplace in connection with acquisitions as banks seek to outline to regulators how their deals will satisfy Community Reinvestment Act requirements. Such agreements often include pledges to expand banking services in low- and moderate-income
As we celebrate Women’s History Month this March, NCRC would like to acknowledge all the amazing work and accomplishments women have achieved. At NCRC, we are proud to have many strong and hardworking women advocating for a Just Economy for all. Each of them plays a crucial role in creating a more inclusive society. And
Empowering Voices: Celebrating Women’s Achievements at NCRC for Women’s History Month Read More »
Consumers’ ability to share their data held at their banks has become necessary to access many financial services. NCRC’s Just Economy Pledge includes a commitment to ensure that individuals own their personal data, control who has access to it, and are treated fairly by anyone who does.[1] The scope of consumers’ rights regarding the sharing of
Joint Statement in Support of CFPB 1033 Rulemaking Read More »
CSRwire, November 17, 2023, Thought Leaders Gather For Critical Community Development Conversation At PNC’s Second Annual Community Leadership Symposium Moderated by PNC’s Chief Diversity Officer Gina Coleman, Retail Banking Alex Overstrom and head of C&IB Mike Lyons, a series of panel conversations centered around compelling community investment topics emphasizing best practices in economic inclusion, affordable
Banking Dive, November 15, 2023, First Citizens Unveils Updated $6.5B Community Benefits Plan The updated plan comes as a “huge relief” for the communities that stood to lose out on the investments following SVB’s collapse in March, Jesse Van Tol, CEO of the National Community Reinvestment Coalition, said in a statement Tuesday. “First Citizens is
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