NCRC

Inequality.org, March 8, 2022, Reckoning’ with the Economic Marginalization of Native Americans Through years of intentional governmental policies that took away their lands and resources, American Indians have been separated from the wealth and assets that were rightfully theirs. Today, we see a consistent lack of information on Native Americans and their socioeconomic issues. Our

Fast Company, March 8, 2022, The 10 most innovative companies with fewer than 10 employees In the wake of a pandemic that hit Black, brown, and low-income communities disproportionately, the NCRC Community Development Fund (CDF)—a subsidiary of the National Community Reinvestment Coalition—amassed millions in capital to help these communities recover. In May, when the U.S. Treasury awarded

American Banker, March 8, 2022, Community groups withhold support of U.S. Bank-Union Bank deal — for now Key community groups told regulators Tuesday that they aren’t yet supportive of U.S. Bancorp’s pending acquisition of MUFG Union Bank, as they engage in negotiations to establish a series of tangible public benefits. Before regulators approve any merger,

Banker and Tradesman, March 7, 2022, Fed Approves M&T Bank, People’s United Deal More than a year after announcing plans to acquire Connecticut-based People’s United Bank, Buffalo-based M&T bank has received the final regulatory approval needed to complete the merger. Some commenters did have concerns about the deal, including several who asked the Fed to

Billionaire Club Co LLC, March 3, 2022, Community Reinvestment Act (CRA) Definition The Office of the Comptroller of the Currency in May 2020 issued a final rule to “strengthen and modernize” existing Community Reinvestment Act regulations. According to a news release, the proposed changes received more than 7,500 comments from stakeholders in response to the

The Sunflower, March 3, 2022, OPINION: Critical race theory should be required in K-12 schools Although the Fair Housing Act of 1968 aimed to end redlining, imprints of previous policy remain prevalent. According to a study by the National Community Reinvestment Coalition, 74 percent of the redlined neighborhoods 90 years ago are low-to-moderate income neighborhoods today;

American Banker, March 4, 2022, Fed approves M&T’s acquisition of People’s United Two weeks after delaying the deadline to close its acquisition of People’s United Financial, M&T Bank on Friday received the Federal Reserve’s approval. The central bank’s blessing, announced late Friday afternoon, was the final regulatory thumbs-up that Buffalo, New York-based M&T needed to complete the