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NCRC

New York Post: Hundreds join massive line at NYC ATM to access unemployment benefits

“There are more than 1,000 ATMs in New York City that KeyBank debit cardholders can use for free, including over 100 in each borough, and it is entirely unacceptable that the bank failed to communicate those options to unemployed New Yorkers,” said state Department of Labor spokeswoman Deanna Cohen.

New York Post: Hundreds join massive line at NYC ATM to access unemployment benefits Read More »

BuzzFeed: Congress Asked The CDC For Data On How The Coronavirus Is Affecting Communities Of Color. The CDC Sent Back Links To Its Public Website.

“The Trump Administration would prefer to ignore the disproportionate impact this crisis is having on communities of color,” said Sen. Patty Murray.

BuzzFeed: Congress Asked The CDC For Data On How The Coronavirus Is Affecting Communities Of Color. The CDC Sent Back Links To Its Public Website. Read More »

Washington Post: Number of working black business owners falls 40 percent, far more than other groups amid coronavirus

“All recessions exacerbate existing inequalities by race and ethnicity — and always hit black and Hispanic workers harder — but this one will be worse,” Heidi Shierholz, policy director at the Economic Policy Institute, told The Washington Post at the time. “It will be an absolute nightmare.”

Washington Post: Number of working black business owners falls 40 percent, far more than other groups amid coronavirus Read More »

The Hill: Bank regulator unveils new anti-redlining rules ahead of expected departure

Democrats and consumer advocates were also fiercely critical of the OCC’s original proposal with the FDIC, which would replace the current, more-subjective CRA framework used to rate banks’ compliance with a single ratio meant to capture the volume and frequency of loans to low-income areas.

The Hill: Bank regulator unveils new anti-redlining rules ahead of expected departure Read More »

CNBC: Magic Johnson offering $100 million in loans to minority-owned businesses left out of PPP loans

KEY POINTS
– Magic Johnson, the CEO of Magic Johnson Enterprises, partnered with MBE Capital Partners to offer $100 million in loans to minority- and women-owned companies.
– The funds will be distributed through the Small Business Administration’s Paycheck Protection Program.

CNBC: Magic Johnson offering $100 million in loans to minority-owned businesses left out of PPP loans Read More »

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