By Dedrick Asante-Muhammad, Esha Kamra (Former NCRC Intern), and Connor Sanchez (NCRC Intern)

Greenlining: California Communities of Color Fall Further Behind in Mortgage Access

Greenlining, February 16, 2022, California Communities of Color Fall Further Behind in Mortgage Access The Greenlining Institute report, Home Lending to Communities of Color in California 2020, is an analysis of federal home mortgage data from the Home Mortgage Disclosure Act. The report, released in February 2022 shows that Black, Latino, Native American and Pacific Islander

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The New York Times: Blackstone expands further into rental housing in the United States.

The New York Times, February 16, 2022, Blackstone expands further into rental housing in the United States. The private equity firm Blackstone, the largest owner of commercial real estate in the world, is expanding its portfolio of rental housing and commercial real estate in the United States. The firm announced on Wednesday that it would

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Reuters: Biden’s Fed nominees in limbo after Republican vote boycott

Reuters, February 15, 2022, Biden’s Fed nominees in limbo after Republican vote boycott US Senate action on President Joe Biden’s five nominees to the Federal Reserve stalled Tuesday after Republicans boycotted a key vote over objections to Sarah Bloom Raskin, the White House’s pick to be the central bank’s Wall Street regulator. Senate Banking Committee

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ABC News: Can the VA pull off its ‘monumental’ bid to end veteran homelessness?

ABC News, February 15, 2022, Can the VA pull off its ‘monumental’ bid to end veteran homelessness? While the number of homeless vets has dropped by more than half over the last decade, an estimated 20,000 ex-service members are still without permanent housing on any given night, according to figures released this month by the Department of Housing and

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The Washington Post: ‘Survival mode’: Inflation falls hardest on low-income Americans

The Washington Post, February 13, 2022, ‘Survival mode’: Inflation falls hardest on low-income Americans While inflation is rising everywhere, price hikes are particularly devastating to lower-income households with already tight budgets. Nearly all their expenses go to necessities — food, energy, housing — which have seen some of the largest increases at different points over

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Washington Post: More cities seek to redress widespread 20th-century destruction of Black neighborhoods

Washington Post, February 10, 2022, More cities seek to redress widespread 20th-century destruction of Black neighborhoods More than 50 years ago, Santa Monica, Calif., used eminent domain to build the Interstate 10 highway, slicing an east-west swath to the Pacific Ocean that destroyed homes, businesses and churches and displaced more than 600 mostly Black families in

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NPR: California sues Tesla over alleged rampant discrimination against Black employees

NPR, February 11, 2022, California sues Tesla over alleged rampant discrimination against Black employees California’s Department of Fair Employment and Housing is suing Elon Musk’s company Tesla over racism and harassment toward Black employees at Tesla’s plant in Fremont, Calif., according to a lawsuit filed by the state this week. The company has called the

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American Banker: U.S. consumers stand to save billions from banks’ overdraft reforms

American Banker, February 10, 2022, U.S. consumers stand to save billions from banks’ overdraft reforms In one of the first efforts to tally the impact of recent overdraft fee reforms, a new analysis finds that changes under way at just five banks could save consumers more than $2 billion annually. The Pew Charitable Trusts reviewed

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ABC News: New York City looks to lower greenhouse gas emissions by improving public housing

ABC News, February 11, 2022, New York City looks to lower greenhouse gas emissions by improving public housing There are more than 1.2 million public housing units across the country, according to the Department of Housing and Urban Development. Many of these buildings have aging heating and cooling equipment that is largely inefficient, resulting in

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Bloomberg Law: Climate risk stumps bank regulators updating anti-redlining plan

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

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American Banker: M&T, People’s United postpone merger deadline till June

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

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Investopedia: The History of Lending Discrimination

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

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WTXL: Restaurants tackle gentrification and displacement in low-income areas

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

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Sfgate: Some majority Black and Latino Bay Area neighborhoods have more lead contamination than Flint, Michigan

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

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