NCRC

Insider Intelligence, April 25, 2022, CFPB looks into the financial challenges of rural communities in the US The Consumer Financial Protection Bureau (CFPB) is looking into the financial challenges faced by rural communities in the US living in banking deserts. Eighty-six new banking deserts were created in rural areas from 2008 to 2016, according to the […]

American Banker, Waters’ proposed legislation would benefit underbanked communities A recent report from the National Community Reinvestment Coalition found that while families and Main Street small businesses were desperate for financial support and counsel, America’s banks took advantage of the crisis to accelerate the pace of their already planned branch closures, escalating the formation rate of banking

Department of Health NYC, The 90-year-old financial policy that harms our health In New York City, many once-thriving neighborhoods experienced severe disinvestment as a result of redlining, which caused inequality that continued from one generation to the next. Neighborhoods that were redlined in the 1930s have higher rates of poverty even today – nearly 90

India West Journal, April 13, 2022, South Asians For America Offers First-Ever South Asian Organizing Training Series South Asians for America (SAFA) will offer a first-of-its-kind organizing training series for the South Asian community to take place on Thursdays, April 14, 21and 28 at 8 pm ET via Zoom. The first session on April 14 will

American Entrepreneurship Today, March 31, 2022, Black and Brown Female Entrepreneurs, Allies Call for Change at Annual Summit The 4th Annual Women of Color Connecting Virtual Summit (WOCCON 2022), hosted by the Institute For Entrepreneurial Leadership (IFEL) recently, issued a strong call-to-action. “Listen, learn, engage, then act,” stated IFEL CEO Jill Johnson, referring to the purpose-driven action

PhillyVoice, A look inside the Philadelphia real estate market and steps that can be taken for the future of affordable housing A recent report from the National Community Reinvestment Coalition underscores how racial disparities in mortgage lending have persisted during the COVID-19 pandemic, making it harder for people of color to access conventional loans in low- to

VAntage Point, April 11, 2022, Financial literacy resources from Treasury’s Office of the Comptroller of the Currency Veterans wanting to learn more about financial literacy can take advantage of the following free resources and events from The Office of the Comptroller of the Currency (OCC). This Financial Literacy Update publishes quarterly and reports upcoming events, new

Bloomberg, April 8, 2022, How Greenwood Became the Most Hyped Startup in Black America Over the past year-and-a-half 700,000 people have added their names to the waiting list of a financial startup named Greenwood as if it were a sneaker drop. Greenwood is part of the subset best described as neobanks, apps that offer banking

Tampa Bay Newswire, April 7, 2022, Crab Devil Awarded Community Redevelopment Area Façade Grant For East Tampa CRA Tampa-based multimedia art collective Crab Devil is thrilled to announce they have been approved for the City of Tampa’s Community Redevelopment Area (CRA) Façade Grant for the East Tampa CRA. The Crab Devil campus will provide a

Prism, April 7, 2022, Understanding inflation, all of its causes, and who it affects the most COVID-19 and inflation exacerbated existing inequalities, with inflation disproportionately affecting low-income workers and communities of color. Dedrick Asante-Muhammad, the chief of membership, policy, and equity at the National Community Reinvestment Coalition, said the rising costs are hitting people who have lower incomes

MarketWatch, March 31, 2022, Budgeting tips for new homeowners The Housing Counseling Network at the National Community Reinvestment Coalition (NCRC) is a HUD-approved collective of agencies made up of mortgage advisers offering guidance on budgeting, credit, financial management and savings techniques. Its director, Ibijoke Akinbowale, recommends planning to spend 1%–2% of your home’s purchase price in ongoing

PR Newswire, March 31, 2022, Zest AI Joins NCRC’s Innovation Council for Financial Inclusion Zest AI, a leader in software for AI-driven lending, has joined the National Community Reinvestment Coalition’s (NCRC) Innovation Council for Financial Inclusion. The Innovation Council is a forum to create collective action between the financial technology community and grassroots community leaders

Commercial Observer, March 28, 2022, Bank Branches, Once Retail Staple, Closing by the Hundreds “There’s a surprising lack of information and data on how many branches banks really need right now,” said Jason Richardson, senior director of research at the National Community Reinvestment Coalition (NCRC), which recently released a report digging into bank branch trends and their

HousingWire, March 29, 2022, Inside the government’s feeble fight to end redlining Few community groups have the firepower of NCRC, which brought in nearly $40 million in revenue in 2020, in part from renting out two office buildings in downtown Washington, D.C.. But NCRC acknowledges it can only make a limited mark on combating lending discrimination. One

VitalLaw, March 28, 2022, CONSUMER CREDIT—CFPB receives public comments on ‘buy now, pay later’ programs The Consumer Bankers Association (CBA) and the National Community Reinvestment Coalition (NCRC) have responded to the Consumer Financial Protection Bureau’s request for public comment on “buy now, pay later” (BNPL) products and business practices. BNPL credit is a deferred payment