NCRC

Bloomberg Law, February 22, 2022, Climate Risk Stumps Bank Regulators Updating Anti-Redlining Plan Financial regulators updating anti-redlining rules face a conundrum: how to increase lending in lower-income neighborhoods prone to climate disasters while also getting banks to better account for climate risks. But regulators are treading carefully as they look to modernize the CRA’s rules

American Banker, February 18, 2022, M&T, People’s United postpone merger deadline till June M&T Bank and People’s United Financial are delaying the deadline for their merger until June, as the two companies await approval from the Federal Reserve. The $7.6 billion deal, which would expand M&T’s presence in the Northeast, had an initial deadline of

Investopedia, February 19, 2022, The History of Lending Discrimination Laws today protect borrowers from discriminatory lending practices, but that wasn’t always the case. For decades U.S. banks denied mortgages to Black families—and those belonging to other racial and ethnic minority groups—who lived in certain areas “redlined” by a federal government agency called the Home Owners’ Loan Corporation

WTXL, February 21, 2022, Restaurants tackle gentrification and displacement in low-income areas New development in low-income neighborhoods across the country is pricing out some who have been there for years. Now businesses owners and advocates are adjusting to battle gentrification and displacement. According to a study by NCRC, gentrification and cultural displacement are problems in

Sfagte, February 21, 2022, Some majority Black and Latino Bay Area neighborhoods have more lead contamination than Flint, Michigan Oakland, which has one of the highest concentrations of children under the age of six in the Bay Area, has been fighting to escape the Bay Area’s toxic legacy: lead paint, a material that is still

Capital and Main, February 7, 2022, Inside the Fight to Make Banks Benefit Their Communities At a time when big banks get easy approval for profitable mergers, some California community groups are saying not so fast. Dozens of them are seeking to block U.S. Bank’s bid to acquire Union Bank unless the former sets aside $90 billion for

Association of Women’s Business Centers:, February 8, 2022, Two Women’s Business Centers Create a Collective Opportunity Heidi Sheppard, Project Director at Washington, DC’s Women’s Business Center and Morgan Wortham, Managing Director at Maryland’s Women’s Business Center, saw potential in one of the many retail vacancies at Union Station. And both women recognized it as an

Creditcards.com, February 9, 2022, How to address the racial credit score gap The effects of racial discrimination are apparent in all aspects of financial life, with people of color and white people operating on two uneven playing fields. New programs like Experian Go aim to reach people who have traditionally been excluded from financial systems

Patch, February 9, 2022, Inside The Fight To Make Banks Benefit Their Communities The $8 billion merger, announced Sept. 21, 2021, would create California’s fifth largest bank, a $680 billion mega-corporation that would compete with giants like Bank of America and JPMorgan Chase. How the Biden administration responds to the merger will be a test of whether

Huffpost, February 10, 2022, Porsha Williams Shares The Black-Owned Brands She Loves Per the U.S. Department of Commerce’s Minority Business Development Agency, Black entrepreneurs in America are statistically less likely to get approved for small business loans than white entrepreneurs. Further, according to the National Community Reinvestment Coalition, Black business owners are treated inferior to white business owners when applying for

San Francisco Chronicle, February 7, 2022, 1,200 potential buyers: The Bay Area’s daunting real estate math after COVID Long term, economists warn that the severe lack of housing options could widen the gap between the wealthiest households and middle-class residents looking to put down roots, and prompt more aspiring home buyers to leave the area altogether. Concerns

American Banker, February 7, 2022, Fed, OCC set public hearing on U.S. Bank-Union Bank deal Federal regulators have granted a public hearing next month on U.S. Bancorp’s proposed acquisition of MUFG Union Bank, a win for community activists that have pushed for a chance to weigh in on the $8 billion deal. A U.S. Bank spokesperson

Bloomberg, February 4, 2022, Regulators Should Block Costly Fintech Loans, Advocates Say The Federal Deposit Insurance Corp. and other U.S. agencies need to stop banks they oversee from “engaging in high-cost predatory lending” through their work with financial-technology firms, the National Community Reinvestment Coalition, Consumer Reports, the NAACP, the Center for Responsible Lending and other groups