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NCRC

The Real News Network: Racially discriminatory lending leads to Black community wealth decline

Dedrick Asante-Muhammad, Chief of Equity and Inclusion at the National Community Reinvestment Coalition, discussed the 2018 predatory lending lawsuits against Wells Fargo and the ongoing racial wealth inequalities between Black and White Americans.

The Real News Network: Racially discriminatory lending leads to Black community wealth decline Read More »

Economic Policy Institute: The economic costs and benefits of Airbnb

In many local markets, the arrival and expansion of Airbnb is raising questions about its potential negative impacts on local housing costs, quality of life in residential neighborhoods, employment quality in the hospitality industry, and local governments’ ability to enforce municipal codes and collect appropriate taxes.

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American Banker: Bankshot White House is making hard job of GSE reform even harder

“Both Congress and the American people have a right to know — what is the articulated policy, what objectives are they trying to reach?” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition. “To the extent even that’s not clear, you sort of have to read between the lines.”

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Forbes: Patagonia’s billionaire founder to give away the millions his company saved from Trump’s tax cuts to save the planet

On Wednesday, Patagonia announced it has an additional $10 million in profits on its books for 2018 as a result of Trump’s “irresponsible tax cut” last year, which lowered the corporate tax rate from 35% to 21%. Instead of investing the additional dollars back into its business, Patagonia said it would give $10 million to grassroot groups fighting climate change, including organizations that work in regenerative organic agriculture to help reverse global warming.

Forbes: Patagonia’s billionaire founder to give away the millions his company saved from Trump’s tax cuts to save the planet Read More »

Brookings: Renting the American Dream: Why homeownership shouldn’t be a prerequisite for middle-class financial security

Homeownership has lots of pros, of course – but some cons, too. Rather than viewing homeownership as an goal in and of itself, policymakers should create more pathways to economic opportunity and financial security for both owners and renters.

Brookings: Renting the American Dream: Why homeownership shouldn’t be a prerequisite for middle-class financial security Read More »

USC Annenberg: The Center for Investigative Reporting’s Reveal wins 2019 Selden Ring Award for Investigative Reporting

Emmanuel Martinez and Aaron Glantz of the Center for Investigative Reporting’s Reveal have won the 2019 Selden Ring Award for Investigative Reporting for their multi-part series “Kept Out,” which uncovered widespread discrimination in home lending throughout the United States.

USC Annenberg: The Center for Investigative Reporting’s Reveal wins 2019 Selden Ring Award for Investigative Reporting Read More »

Nonprofit Quarterly: JPMorgan Chase expands business lending program in communities of color

A study conducted by the National Community Reinvestment Coalition found that banks were twice as likely to offer white entrepreneurs help with their small business loan applications compared to Black entrepreneurs, and three times more likely to invite follow-up appointments with white borrowers than better-qualified Black borrowers.

Nonprofit Quarterly: JPMorgan Chase expands business lending program in communities of color Read More »

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