Today, the U.S. House of Representatives passed the Consumer First Act, a bill introduced last fall by Rep. Maxine Waters (D-California) to protect the Consumer Financial Protection Bureau (CFPB) from efforts by the Trump administration to dismantle it. Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “We applaud […]
A previous NCRC analysis found that, overall, a higher percentage of banks made a higher percentage of home loans to low- and moderate-income (LMI) borrowers and communities than non-banks and credit unions. However, access to home loans is only half the battle. We also need to have information on the affordability of loans to get […]
The Undefeated, May 16, 2019: A black neighborhood’s complicated relationship with the home of the Preakness Park Heights is one of several Baltimore neighborhoods where gun violence is endemic. But residents here also have concerns about whether the city will continue with its revitalization plan demolishing unsightly and deteriorating buildings – or even the racetrack. […]
Greater Greater Washington, May 15, 2019: Housing is a queer issue: DC dykes plan to march against displacement Local organizers are bringing the Dyke March, a grassroots march for queer liberation led by self-identifying dykes, back to the District on June 7 after a more than decade-long hiatus. Their inaugural theme for the protest is […]
In September 2018, the Federal Deposit Insurance Corporation (FDIC) released the results of a survey of 1,200 banks on small business lending in America. It found that small business lending is threatened by the decline of smaller banks and the reduction of bank branches in many communities. But just as revealing was what the survey didn’t find. More information that would be essential for policy and regulatory decisions remains concealed, invisible to the public.
Think Progress, May 14, 2019: As gentrification swallows Chocolate City, report finds D.C. cops targeted black residents Black people in Washington, D.C., were arrested 10 times as often as their white peers during a recent five-year period that has also seen the capital city top lists of the most rapidly gentrifying cities in the nation. […]
Next City, May 10, 2019: Economics in brief: Tax breaks worsened racial wealth gap A new report finds that the 2017 tax reform put $143 a day into the pockets of a top 1-percent family, while middle-class households earning between $40,000 and $110,000 are seeing just $2.75 a day, according to an op-ed in the St. Louis […]
Downtown areas in many economically vibrant and changing cities across the United States are being rapidly gentrified, according to a new study by the University of Minnesota School of Law. The study, “American Neighborhood Change in the 21st Century: Gentrification and Decline,” also found that neighborhoods in the inner-ring suburbs of these same cities, built […]
The Buffalo News, May 10, 2019: KeyBank invests $197 million locally under community benefits plan KeyBank’s new East Side branch is getting ready to open next month, and its neighbors are noticing. “They are emailing us pictures of the branch progress,” said Kawanza A. Humphrey, Key’s regional corporate responsibility officer. “Our awning went up (this week) and […]
National Community Reinvestment Coalition (NCRC) President and CEO urged more lending and better service for low- and moderate-income communities (LMI) in remarks they made at two recent hearings on the proposed merger between BB&T Bank Corporation and SunTrust Banks, Inc.
