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Richard Lynch

Bloomberg Law: Banks, Realtors Push US Agencies to Cap Home Appraisal Do-Overs

Bloomberg Law, October 3, 2023, Banks, Realtors Push US Agencies to Cap Home Appraisal Do-Overs Banks and realtors urged federal regulators to limit the number of times a potential homebuyer or seller can challenge an appraisal of the property’s value. Five agencies proposed guidance in June seeking to make it easier for consumers to ask […]

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Axios: How New Bank Capital Rules Could Hit Black Borrowers Hardest

Axios, October 3, 2023, How New Bank Capital Rules Could Hit Black Borrowers Hardest New Federal Reserve rules meant to make big banks safer — the set of plans known as Basel Endgame — would make it even harder for low- and middle-income Americans, a group that includes a disproportionate number of Black Americans, to get a

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Lawyers Committee: Lawyers’ Committee Calls on the Supreme Court to Uphold Chevron, Citing Impacts on Civil Rights if Overturned

Lawyers Committee For Civil Rights Under Law, October 3, 2023, Lawyers’ Committee Calls on the Supreme Court to Uphold Chevron, Citing Impacts on Civil Rights if Overturned The Lawyers’ Committee for Civil Rights Under Law – in collaboration with Pro Bono counsel Moore & Van Allen, PLLC – led a group of civil rights organizations

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Colorado Newsline: Colorado River Officials To Expand Troubled Water Conservation Program In 2024

Colorado Newsline, October 3, 2023, Colorado River Officials To Expand Troubled Water Conservation Program In 2024 Colorado River officials plan to expand a conservation program next year that pays farmers and ranchers to use less water. But questions remain about some of the proposed ideas and the program’s overall efficacy. The state initially launched the System

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See How Much CRA Lending Has Gone Into Your Community

See How Much CRA Lending Has Gone Into Your Community Source: Home Mortgage Disclosure Act Data from the FFIEC (pre-2018) and the CFPB (2018-2020). Originations only to borrowers that are low-or-moderate income or who are in a low-or-moderate income census tract. Business loans are from the FFIEC. Loans to businesses with less than $1 million

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NCRC Applauds OCC for Intentions to Survey Trust in Banking, Calls for an Inclusive Sample of End-Users and a Focus on How Banking is Changing

(Download) October 10th, 2023 Chief Counsel’s Office Attention: Comment Processing Office of the Comptroller of the Currency 400 7th St. SW Suite 3E-218 Washington, DC 20219 RE: Trust in Banking Survey; Docket ID OCC-2023-0003 Dear Honorable Acting Comptroller Hsu: Thank you for the opportunity to comment on how the Office of the Comptroller will develop

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Hispanic Workers See Some Warning Signs In An Overall Good Jobs Report

Race, Jobs, and the Economy October 2023 Update September 15th through October 15th is Hispanic Heritage Month. As noted in our Latino Racial Wealth Snapshot, almost 19% of Americans are Hispanic and while their population has almost doubled in number since 2020 they remain far less wealthy than non-Hispanic White Americans. From college attainment to homeownership to income, Hispanics

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#SolutionsHUB Spotlight: How El Paso Hispanic Chamber Of Commerce Is Ensuring Capital Readiness For Rural Hispanic Entrepreneurs

Latino-owned businesses (LOBs) are the fastest growing segment of the US business population and, with continued efforts of capital infusion, are becoming a major economic engine for many communities. Between 2007 and 2019, for example, the number of LOBs grew by 34% while White-owned businesses (WOBs) experienced a 7% drop. In this same time period,

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#SolutionsHUB Spotlight: Justice-Informed Retail Incubation Programs Supporting Women Entrepreneurs Of Color

Over the last decade, Black women were the fastest-growing demographic of entrepreneurs in the United States. Accounting for 42% of all women who opened new businesses, the number of Black-women-owned firms grew by nearly 50% between 2014-2019. The very next year was a devastating one for small businesses everywhere – and the impact of the COVID-19 pandemic

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Video: NCRC and Berkeley Fellowship Info Session

Online Event Archive Recorded September 20, 2023 NCRC announced a new Fellowship Program with UC Berkeley’s Goldman School of Policy (GSPP) that provides NCRC member organizations located in the San Francisco Bay Area (in Northern CA) with an exciting opportunity to increase their impact as they tackle the most pressing community development challenges facing the

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Just Economy Regional Mountain West Summit Speaker Bios

Speaker Bios Ylenia Aguilar Board of Directors, Central Arizona Project Ylenia Aguilar was born in Mexico and raised in Arizona and rural Illinois. She enjoys running, hiking, camping, kayaking, cycling, rowing, and hot yoga at Radia8. She has traveled with her two sons throughout Arizona’s extensive and breathtaking mountain biking trails. Her oldest son attends Northern

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NCRC’s Response to Better Markets CRA Comment

September 22, 2023 Dear Members of the Board of Governors, FDIC Chairman, and Acting Comptroller of the Currency: On August 7, Better Markets (BM) sent a letter to the federal bank agencies asserting that the proposed CRA rule “will not work and that redlining will continue.” The BM letter dismisses an interagency proposal that would

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Racial Wealth Snapshot: Latino Americans And The Racial Wealth Divide

Latino population growth continued over the past decade, rising by about 24% to 62.5 million in 2021. In 2020, Latinos represented 18.7% of the US population, accounting for about half (52%) of total US population growth over the decade. Latinos have a greater share of the growth than any other racial or ethnic group.

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