NCRC and HSBC Announce $25 Million Partnership to Advance Economic Opportunities in Low- and Moderate-Income Communities
The new NCRC-HSBC partnership agreement launches in January 2025.
Neighborhood Mental Health Outcomes Are Connected To Mortgage Lending Volumes, New Study Finds
Mental health outcomes are better in neighborhoods with higher volumes of mortgage lending, a research insight that was not possible prior to recent NIH-funded data tools.
CFPB Study Confirms Advocates’ Findings That Small Business Lending Has A Big Racial Discrimination Problem
Advocates have long sounded alarms over racial discrimination in small business lending. New CFPB work validates those concerns.
Capital One Buries News Of Potential Fines That Could Make Its Discover Merger ‘Unlikely’ To Be Approved Under Federal Rules
The Capital One-Discover merger timeline has already moved back. Now they’re quietly acknowledging a new and significant threat to the merger’s approval.
30-Year Freeze: Lack Of Progress On Racial Wealth Gap Since 1990s Signals Need To Try New Tactics
America tried a lot of different things to repair racial economic inequality over the past three decades. The racial wealth gap barely moved.
NCRC Statement on NY AG Filing on Capital One-Discover Merger
The merger review process should be transparent, not a back-room deal between bankers and their regulators.
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NCRC Urges Overhaul Of Banking-As-A-Service Regulations In Wake Of Synapse Collapse
The collapse of Synapse showed regulators need to catch up to banking-as-a-service fintechs.
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CFPB Adapts NCRC Suggestions In Strong, Sensible Section 1033 Financial Data Privacy Rule
Consumer advocates had one major suggestion for the CFPB’s Section 1033 financial data privacy rule — and the agency listened.
Citadel FCU Redlining Settlement Proves It’s Time To Bring Credit Unions Under Community Reinvestment Act Enforcement
A recent federal law enforcement settlement with Citadel Federal Credit Union illustrates why the Community Reinvestment Act’s (CRA) omission of credit unions from its rules is a dangerous mistake, a leading community development and financial regulation advocate said Tuesday. “It no longer makes sense to let credit unions out of the common-sense obligations that CRA
Credit Card Monopolies Are Exploiting Small Businesses. Here’s What The Feds Are Doing About It.
The Visa antitrust lawsuit and congressional work on the Credit Card Competition Act would curb abusive practices by credit card monopolies.
October Surprise? 2024 Race, Jobs, and the Economy Update
The September jobs report beat expectations by a lot. But how is the US economy actually doing — and could it provide an “October surprise?”
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NCRC’s New National Mortgage Analysis Finds Grave Warning Signs For Economic Equity And Data Transparency
Advocates for a more just and equitable housing market will find few reasons to celebrate when looking at 2023 mortgage market trends.
NCRC and Fintechs Urge Regulators to Use AI to Detect and Eliminate Lending Discrimination
Preventing AI tools from perpetuating discrimination in lending is just the start. Regulators should also look for ways AI can actively detect and combat bias.
Neighboring Markets, Worlds Apart: Mortgage Lending In Detroit And Wayne County
Detroit’s city limits are also an iron curtain between sharply contrasting mortgage lending patterns, dividing wealth-building opportunities along racial lines.
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NCRC Statement on New Bank Merger Rules From DOJ, OCC and FDIC
Capital One is unlikely to be happy about new bank merger rules from the OCC, FDIC and DOJ.
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