JPMorgan Chase “stands out to me in being a little ahead of the game,” compared with other firms, says Dedrick Asante-Muhammad, chief of race, wealth, and community at the National Community Reinvestment Coalition in Washington.
We are excited and proud to feature the following contributors in this series:..Anneliese Lederer, National Community Reinvestment Coalition
The Regulatory Review: Racism, Regulation, and the Administrative State Read More »
The Race and Ethnic Representation and Investment (RERI) framework, released by the National Community Reinvestment Coalition (NCRC), outlines a grading scale banks can use to measure their internal representation of different races and ethnicities.
Blavity: Why BLM Solidarity Requires Banks To Address Diversity And Inclusion Issues Read More »
it’s clear that more than FHA is needed to increase minority homeownership. So it’s not surprising that the new legislation is supported by a broad spectrum of the housing industry, from the Mortgage Bankers Association to the National Community Reinvestment Coalition.
Reality Times: Is a New Down Payment Tax Break in the Works? Read More »
A 2018 study by the National Community Reinvestment Coalition found that “while overt redlining is illegal today, having been prohibited under the Fair Housing Act of 1968, its enduring effect is still evident in the structure of U.S. cities.”
The Washington Post: Credit Scores are Supposed to Be Race-Neutral. That’s Impossible. Read More »
Researchers affiliated with the National Community Reinvestment Coalition sent “mystery shoppers” to banks in the Washington, D.C., area in April and May. They found that white applicants — white men in particular — were significantly more likely to be encouraged to apply for Paycheck Protection Program loans than Black applicants with slightly better financial profiles.
“Reparations doesn’t say White people haven’t worked hard and White people haven’t struggled, [but] you grew up in a country that has been working for your success, not against it,” said Nikole Hannah-Jones.
The report by the National Community Reinvestment Coalition shows that life expectancies vary in Rochester by about five years between redlined and high-rated neighborhoods, according to government classifications dating from the 1930s.
When the National Community Reinvestment Coalition sent “mystery shoppers” to banks in the Washington area, they found that Black business owners had a harder time getting Paycheck Protection Program loans than their white counterparts.
New York Times: Help Black Small Businesses Recover Read More »
Even though low unemployment rates were common across communities pre-pandemic, the data from the National Community Reinvestment Coalition shows it didn’t lead to broad economic prosperity in Worcester County.
Bank employees offered Black applicants less help with their PPP applications, a matched-pair study from the nonprofit National Community Reinvestment Coalition found.
The National Community Reinvestment Coalition, an organization that works to promote investment in underserved communities, said in July the federal government’s data was “so flawed it is virtually useless to assess if there was any bias in how the money was distributed or how much money went to specific communities.”
The Detroit News: Kamala Harris’ Claims on COVID-19 Businesses Loans Not Whole Truth Read More »
The 1873 murders of dozens of former slaves in a flyspeck Louisiana town still reverberate.
The New York Times: The Massacre That Emboldened White Supremacy Read More »
Today I remember my friend Cynthia Wesley and the three other girls who died during the 16th Street Baptist Church bombing 57 years ago.
The Atlantic: I’m Still Saying Her Name Read More »
If America’s level of income inequality had remained constant since 1970, the median U.S. worker would now make $100,000 a year.
Intelligencer: Inequality Robs $2.5 Trillion From U.S. Workers Each Year Read More »
