NCRC

Westword, January 19, 2022, Small Business Spotlight: Conscious Real Estate Combines Selling Houses With Philanthropy Denver’s real estate market is not just hot, it’s ablaze. But sizzling real estate markets often result in scorched neighborhoods from gentrification. In a 2020 report from the National Community Reinvestment Coalition, Denver ranks as the second-most-gentrified city in the nation, just

Fingerlakes1.com, January 19, 2022, Low to moderate income families, people of color excluded from mortgage market The mortgage industry has been in overdrive since the COVID-19 pandemic began in 2020, but low- to moderate-income families and people of color have not benefited from the plummeting interest rates overall. The explosion of refinance lending reinforced historical

Pittsburgh Jewish Chronicle, January 3, 2022, After 20 years, Richard Rattner will relocate William Penn Tavern to Lawrenceville Richard Rattner spends his mornings at William Penn Tavern. Other than the occasional delivery person, he’s often the only one at the bar. Well before Rattner opened the tavern in Shadyside 20 years ago, he was active

The Center for Public Integrity, January 18, 2022, Home lending remains unequal The National Community Reinvestment Coalition, tapping federal data, found that Black and Latino borrowers were still receiving loans to purchase homes in 2020 at lower rates than white borrowers. And the boom in refinancing touched off by falling mortgage rates in 2020 disproportionately benefited homeowners

Washington Credit Union Daily, January 10, 2022, Consumer Groups To CFPB: Issue Tough Small Business Lending Rule A Consumer Financial Protection Bureau rule to require financial institutions to report data on their lending to minority-owned and women-owned businesses should include as many banks and credit unions as possible, with the information easily accessible to the

WishTV, January 19, 2022, Study links redlining to heart health problems in Black communities There’s a link between historic redlining and heart health in Black communities, according to a newly released study. Mental health experts say redlining has roots in racism, and the impact of systemic racism creates stressors. That stress can often trickle down generation

PR Newswire, January 20, 2022, M&T Bank Corporation Announces Fourth Quarter and Full-Year Results In October 2021 M&T announced its Community Growth Plan, to provide $43 billion in loans, investments, and other financial support to create greater economic opportunity for low-to-moderate income families and neighborhoods, as well as people and communities of color. The bank’s five-year Community Growth Plan

Next City, January 20, 2022, Housing in Brief: Mayors Say They Don’t Have Tools to Deal With Homelessness A survey of 126 mayors in 39 states found that mayors felt reducing homelessness was outside of their control, that most did not have a metric for success, and that a third of those interviewed were using

Financial Times, January 19, 2022, Responsible Business Education Awards: full shortlists The Financial Times Responsible Business Education Awards showcase strong examples of work by business schools seeking to focus on people and planet alongside profit. The three award categories are designed to reflect business schools’ different roles. The academic research award goes to papers that

The Charlotte Observer, January 19, 2022, Truist opened fewer branches post-merger in diverse areas, advocacy group claims After SunTrust and BB&T combined to form Truist in late 2019, the bank opened fewer branches in low-income and diverse neighborhoods than before the merger, according to a report from the Committee for Better Banks. The decrease in openings is

Nonprofit Quarterly, September 29, 2021, Closing the Racial Wealth Divide: A Plan to Boost Black Homeownership The continued effects of structural racism can be seen in a broad range of indicators: African American unemployment is at 8.8 percent as of August 2021, compared to whites at 4.5 percent; the $38,000 median household income for African Americans is less than

Christian Science Monitor, January 12, 2022, For the first time, men are the minority on Fed Reserve boards Seven years ago white men made up the majority of directors on the boards of all but one of the 12 U.S. Federal Reserve banks. This year, white men are for the first time in the minority

American Banker, January 11, 2022, Lenders urge CFPB to scale back small-business data collection plan A proposal to collect data on the race, ethnicity and gender of small-business borrowers has drawn nearly 1,700 comments to the Consumer Financial Protection Bureau, with many of them expanding on the criticism that had been building since it was unveiled in