Credit Card Monopolies Are Exploiting Small Businesses. Here’s What The Feds Are Doing About It.
The Visa antitrust lawsuit and congressional work on the Credit Card Competition Act would curb abusive practices by credit card monopolies.
October Surprise? 2024 Race, Jobs, and the Economy Update
The September jobs report beat expectations by a lot. But how is the US economy actually doing — and could it provide an “October surprise?”
NCRC comment on proposed FDIC rule on industrial banks
(Download) October 4, 2024 RE: Parent Companies of Industrial Banks and Industrial Loan Companies, RIN 3064–AF88 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to comment on proposed changes to the FDIC regulation of parent companies of industrial banks and the rigor of the application process for industrial banks.
NCRC’s New National Mortgage Analysis Finds Grave Warning Signs For Economic Equity And Data Transparency
Advocates for a more just and equitable housing market will find few reasons to celebrate when looking at 2023 mortgage market trends.
NCRC Mortgage Market Analysis
A thorough and robust analysis of key housing market trends for racial economic equity and homeownership.
NCRC and Fintechs Urge Regulators to Use AI to Detect and Eliminate Lending Discrimination
Preventing AI tools from perpetuating discrimination in lending is just the start. Regulators should also look for ways AI can actively detect and combat bias.
NCRC and Fintechs – Joint Letter on Fair Lending and the Executive Order on AI
(Download) September 25, 2024 Dear Director Chopra and Director Thompson, As nonprofit consumer advocates and for-profit fintech companies, we have found common ground that artificial intelligence (AI) can, and in many cases should, be used to improve fair lending practices. We write today to encourage further action pursuant to the Administration’s Executive Order on the Safe,
Neighboring Markets, Worlds Apart: Mortgage Lending In Detroit And Wayne County
Detroit’s city limits are also an iron curtain between sharply contrasting mortgage lending patterns, dividing wealth-building opportunities along racial lines.
NCRC Statement on New Bank Merger Rules From DOJ, OCC and FDIC
Capital One is unlikely to be happy about new bank merger rules from the OCC, FDIC and DOJ.
NCRC comment on FDIC Proposed Rule regarding Change in Control Applications
(Download) September 16, 2024 RE: Regulations Implementing the Change in Bank Control Act, RIN 3064–AG04 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to comment on the FDIC’s proposed changes to its regulation implementing the Change in Bank Control Act. The FDIC is motivated to make this change because
Recession Watch? September 2024 Race, Jobs and the Economy Update
Is the US economy headed for a recession? Signs were muddled and mixed in the August jobs report.
Video: Your Membership, Your Benefits: A Closer Look at NCRC Membership, August 2024
Online Event Archive Recorded: August 21, 2024 Are you making the most of your NCRC Membership? Do you know NCRC offers health equity expertise and subgrant opportunities? Join us to learn what resources, services, content and networking opportunities your membership includes and how being a NCRC member can help you in your fight for a
NCRC Launches Health Equity Investments Office Hours
Once a month, the National Community Reinvestment Coalition (NCRC) will hold Health Equity Investments Office Hours, a new series of live open discussions hosted by NCRC Director of Health Equity and Impact Devin Thompson. Each session pair will focus on a different topic at the intersections of community-led development, health justice and investor accountability. The
Scholarship Opportunity for HUD-Certified Housing Counselors to Attend NCRC’s Just Economy: Detroit
HUD-certified housing counselors are eligible for scholarships to attend the National Community Reinvestment Coalition’s Just Economy: Detroit summit on September 24. The scholarships are available on a first-come, first-served basis and cover registration and parking fees. Why You Should Apply: Expand your knowledge: Dive into cutting-edge strategies and emerging approaches to increase access to housing.
NCRC’s Van Tol on Section 1071 Ruling: Common Sense Prevails Over Frivolous Greed
A Texas court rightly upheld the CFPB’s recent Section 1071 rule collecting data on small business loans. The separate CRA lawsuit should fail too.
Video: Winning Strategies for CDFIs in Special Purpose Credit Programs
Online Event Archive Recorded: August 15, 2024 Join NCRC for Just Economy Conversations, a series of online discussions addressing America’s racial and socio-economic divides. Experts from NCRC and our network will share ideas and strategies to make a Just Economy a national priority and a local reality. The first in the series, “Winning Strategies for
NCRC CDF Entrepreneur Spotlight: NuPathways Rx Pharmacy
This is part of a series of profiles showcasing the talented entrepreneurs of NCRC’s Community Development Fund. NuPathways Rx Pharmacy is a minority and woman-owned small business started by Geraldine C. Okwuonu, B.S, PharmD, President/Pharmacist in Charge. Can you share a brief overview of your business and what inspired you to start it? NuPathways Rx
Video: 2025 Just Economy Conference Call for Sessions
Online Event Archive Recorded: August 15, 2024 Add your voice and expertise to the 2025 Just Economy Conference. This webinar will go over the session proposal process and answer any questions. From March 26-27, advocates, allies, practitioners and funders will be coming together in Washington, DC. Together, we’ll share ideas, learn and ask hard questions
NCRC Comment on the AHP Application Process.
(Download) August 19, 2024 RE: FHLBank Affordable Housing Program Competitive Application Process To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to comment on the Federal Housing Finance Agency’s (FHFA’s) request for information regarding the Affordable Housing Program (AHP) application process. NCRC engaged in dialogue with our member organizations including
A Disappointing Jobs Report, A Global Sell-off And A Quick Reset: August 2024 Race, Jobs And The Economy Update
The latest jobs report was worrisome. News since has been better. So where does the US Economy stand in summer 2024?
Pennsylvania’s Hospital Merger Speedrun Will Hurt Patients. Here’s How They Can Do Better Next Time.
A $14 billion hospital merger that threatens to bring new hardship to rural Pennsylvanians was abruptly approved earlier this month, thwarting community expectations of a slower and more stringent review of the deal. The marriage of Jefferson Health and the Lehigh Valley Health Network creates the state’s second-largest nonprofit hospital system, affecting 30 hospitals and
ANALYSIS: Capital One-Discover “Community Benefits Plan” Contains Less Than $5 Billion In New Value
A detailed critique of the community benefits plan released by Capital One as part of its attempted merger with Discover.
NCRC Comment on Duty to Serve Plans
(Download) August 9, 2024 Marcea Barringer Supervisory Policy Analyst Attention: Duty to Serve 2025-2027 RFI Federal Housing Finance Agency, Ninth Floor 400 Seventh Street, S.W. Washington, D.C. 20219 Dear Ms. Barringer: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to comment on Fannie Mae’s and Freddie Mac’s proposed Underserved Markets Plans for 2025-2027 submitted
If You Want More Housing, Build Less Parking: Local Zoning Lessons For The Housing Affordability Crisis
The affordable housing crisis requires exercising all available policy tools — including local zoning rules about parking spaces.
Call for 2025 Just Economy Conference Session Ideas
Add your voice and expertise to the 2025 Just Economy Conference. The conference takes place March 26-27 in Washington, DC, and is preceded by NCRC’s member-only Hill Day on March 25. This is the national event for community, business, foundation, policy and government leaders who want a nation that not only promises but delivers opportunities