(Download) The Honorable Maxine Waters Chairwoman Committee on Financial Services United States House of Representatives Washington, DC 20515 The Honorable Patrick McHenry Ranking Member Committee on Financial Services United States House of Representatives Washington, DC 20515 Dear Chairwoman Waters, Ranking Member McHenry and Members of the Committee: We are writing to urge your support for H.R. 166, …
HELLO! Thank you for registering to participate in the online Just Economy Conference 2021! We are thrilled so many of you from around the country will attend NCRC’s first-ever online Just Economy Conference. We know this event is going to provide the inspiration and information that so many of us need. To orient you to …
Login instructions for Just Economy Conference attendees Read More »
The pandemic and rapid social changes brought many challenges for a group of Black business owners in Washington, D.C., and Baltimore, but even so they emphasized the role of their businesses in maintaining the cultural vibrancy of their communities.
Although the Community Reinvestment Act (CRA) and other fair lending laws have increased lending and investment in traditionally underserved communities, stubborn and persistent lending disparities by race and income remain. CRA needs an update and its coverage of the financial industry must be expanded. The overall objective of Section 203 is to increase lending, investments …
April 8th, 2021 John Henrie Regional Director Federal Deposit Insurance Corporation 10 10th Street, NE Suite 800 Atlanta, GA 30309-3849 RE: Application for Deposit Insurance (New Bank) from PayServices, Inc. Dear Mr. Henrie: Please kindly accept our comment on the application from PayServices, Inc. (Delray Beach, Florida) for deposit insurance. PayServices failed to include a …
(Download) April 6, 2021 The Honorable Janet Yellen Secretary Department of the Treasury 1500 Pennsylvania Ave, NW Washington, DC 20220 The Honorable Mark A. Calabria Director Federal Housing Finance Agency 400 7th St, SW Washington, DC 20024 Dear Secretary Yellen and Director Calabria, We are writing to express concerns about the various product and program …
Joint letter on the product and program limits imposed on Fannie Mae and Freddie Mac Read More »
(Download) April 5, 2020 Mr. Dave Uejio Acting Director Consumer Financial Protection Bureau 1700 G Street NW Washington, DC 20552 RE: Docket No. CFPB-2021-0003; RIN 3170-AA98; Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z): General QM Loan Definition; Delay of Mandatory Compliance Date Dear Acting Director Uejio, The undersigned organizations write to …
Download Infographic Intro Women have made great strides in the workplace, comprising nearly half of the workforce, and surpassing men in higher education achievement. Yet, women still make less income, have less wealth and face greater economic instability than their male counterparts. The level of economic instability faced by men and women is greatly influenced …
Racial Wealth Snapshot: Women, Men and the Racial Wealth Divide Read More »
Black America was in an economic crisis before COVID-19, and recovery for Black-owned businesses will require solutions to the economic preconditions that made success and wealth accumulation so difficult to achieve before the pandemic, a new report found.
(Download) April 5, 2021 Mr. Dave Uejio Acting Director Consumer Financial Protection Bureau 1700 G Street NW Washington, DC 20552 Re: Docket No. CFPB-2021-0003, Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z): General QM Loan Definition; Delay of Mandatory Compliance Date Dear Acting Director Uejio: We the undersigned civil rights organizations are …
Entrepreneurship is not a successful venture without the right tools. One of these tools is access to credit – the money needed to start a business, expand or deal with ebbs and flows in revenue.
(Download) March 19, 2021 RE: OMB Standards for Delineating the Metropolitan and Micropolitan Statistical Area, OMB-2021-0001 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) and the undersigned organizations oppose the Office of Management of Budget’s (OMB’s) proposed re-definition of metropolitan and micropolitan areas. Under the proposal, a metropolitan statistical area would be …
(Download) The Honorable Maria Cantwell Chair Committee on Commerce, Science and Transportation United States Senate Washington, DC 20510 The Honorable Roger Wicker Ranking Member Committee on Commerce, Science and Transportation United States Senate Washington, DC 20510 March 17, 2021 Re: Consumer, community and civil rights groups urge confirmation of Don Graves for Deputy Secretary, Department …
Letter of support for Don Graves to be next Deputy Commerce Secretary Read More »
(Download) March 17, 2021 The Honorable Joseph R. Biden, Jr. The White House 1600 Pennsylvania Avenue, N.W. Washington DC 20500 Dear President Biden: We are a diverse and broad coalition of nonprofits, real estate trade groups, lenders, and civil rights advocates, brought together by a shared belief that we need a policy solution that expands …
Relationships Matter: Small Business and Bank Branch Locations — Key Takeaways The number of banks and bank branches has declined significantly since 2009. Local branches are still crucial to small business lending. Small business lending is increasingly dominated by the largest lending institutions. Smaller institutions are disappearing as they merge or are bought out by …
Relationships Matter: Small Business and Bank Branch Locations Read More »
