Just Economy Session – Redlining and Neighborhood Health
As you know, historic redlining continues to negatively impact low-income and minority communities today. How does that legacy of structural racism impact population health and COVID-19 vulnerability?
Economic Reparations: the Path “From Here to Equality”
In about 400 pages, “From Here To Equality” reviews the political history of the Black reparations movement, the effects of slavery on the nation’s development and the ongoing failure of the country to take action to bridge racial economic inequality. It also outlines a program for Black reparations.
With COVID-19 taking a new toll, a poor Black community in Alabama awaits justice for a 2008 industrial disaster
A dozen years after a gas and chemical leak ravaged their community, the residents of Eight Mile, Alabama, are still waiting for the federal government to take action against the companies responsible for it.
NCRC disappointed by Senate vote against CRA resolution
Today, the Senate failed to pass H.R. Res 90, which would have overturned new rules on the Community Reinvestment Act (CRA) finalized by the Office of the Comptroller of the Currency (OCC) in May. On a party line vote, Senate Democrats voted in support of the resolution that would nullify the OCC’s weakening of CRA rules, while Senate Republicans voted to keep them in place.
NCRC Comment Letter on the FHFA’s 2021 Affordable Housing Goals Proposed Rule
(Download) October 13, 2020 Alfred M. Pollard, General Counsel, Attention: Comments/ RIN 2590–AB04 Federal Housing Finance Agency, Eighth Floor 400 Seventh Street, S.W. Washington, D.C. 20219 Dear Mr. Pollard: The National Community Reinvestment Coalition (NCRC) thanks you for the opportunity to publicly comment on the Federal Housing Finance Agency’s (FHFA) proposal to extend the 2018-2020
New Report Gives Banks a Clear Pathway to Diversity Benchmarks
New benchmarks for racial and ethnic representation from NCRC and Beneficial State Foundation set goals and metrics for banks to evaluate their performance
Racial and Ethnic Representation and Investment Framework
Racial and Ethnic Representation and Investment Framework A Research Report and Recommendations for Beneficial State Foundation — OVERVIEW Key steps to improve a bank’s racial and ethnic demographics within their internal workforce, and methods to improve a commitment to diversity, equity and inclusion. — Key Takeaways Although African Americans comprise over 13% of the national
Event Archive: Invest in Health and Wealth: Stabilizing Underserved Communities While Fighting a Pandemic
Invest in Health and Wealth: Stabilizing Underserved Communities While Fighting a Pandemic October 13-15 • 9:00 AM-11:30 AM (ET) Health & Wealth This three-day virtual event (Tuesday, October 13 through Thursday, October 15 from 9:00 AM-11:30 AM each day) will bring together community leaders, financial institutions, health care leaders, advocacy groups and public officials to
NCRC Initial Analysis of Federal Reserve’s ANPR on the Community Reinvestment Act: A Step Forward but Needs to be More Rigorous
The Federal Reserve Board has issued an Advance Notice of Proposed Rulemaking (ANPR) on the Community Reinvestment Act (CRA). The ANPR proposes to build upon the existing CRA exam structure of separate tests for retail and community development activity.
Jamie Buell
Racial Economic Equity Coordinator jbuell@ncrc.org 202.792.1281 Jamie Buell has been working with NCRC since January 2020. Growing up in Los Angeles, Jamie has been familiar with America’s economic inequality and how race worsened the wealth gap from a young age. Her multiracial upbringing melded together the differing realities of wealth and financial health among White
NCRC comments on DOJ merger review guidelines
(Download) October 16, 2020 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to comment on the Department of Justice’s (DOJ’s) merger review analysis. NCRC is an association of community-based organizations whose mission is to increase access to credit and capital in traditionally underserved communities. Our members are actively involved
Health equity was a challenge before coronavirus
Health and wealth equity didn’t exist in the U.S. before COVID-19, and the pandemic only exacerbated racial, ethnic, gender and geographic disparities. To address these issues and provide a platform for collaborative work toward solutions, NCRC members and partners in North Carolina held a 3-day special online event Oct. 13-15, 2020: Invest in Health and Wealth: Stabilizing Underserved Communities While Fighting a Pandemic.
Systemic Problems Call For Systemic Solutions: California Needs the Right Policy Tools To Address Historic Racism
Kelsey Lyles, Health Equity Policy Lead, The Greenlining Institute Kelsey Lyles Program Manager, Health Equity, The Greenlining Institute As Health Equity Program Manager, Kelsey Lyles leads the Health Equity team’s workforce equity and inclusion advocacy efforts. Growing up in Chicago, she felt a strong commitment to social justice at a young age. Kelsey has extensive
Just Economy Session – Mayors for a Guaranteed Income
The federal response to the COVID-19 pandemic has brought renewed national attention to the idea of a guaranteed income as a potential game-changing approach to tackle the nation’s deep economic inequality.
NCRC Short Summary of Federal Reserve Board Advanced Notice of Proposed Rulemaking on the Community Reinvestment Act
On September 21, the Federal Reserve Board approved an Advance Notice of Proposed Rulemaking (ANPR) on the Community Reinvestment Act (CRA). As an ANPR, this document is not a proposed change to the Federal Reserve’s CRA regulations. However, it offers details about a rule change the Federal Reserve (Fed) is contemplating
NCRC Staff Member Elected to Board of the Faster Payments Council
National Community Reinvestment Coalition (NCRC) Senior Policy Advisor Adam Rust has been elected to serve on the US Faster Payments Council’s Board of Directors. Rust will serve a term through 2022.
Baltimore: The Black Butterfly
Marceline White, Executive Director, Maryland Consumer Rights Coalition Marceline White Executive Director, Maryland Consumer Rights Coalition Marceline serves as the Executive Director of the Maryland Consumer Rights Coalition where she leads the coalition of 8,500 supporters in promoting economic justice and financial inclusion throughout Maryland. Marceline currently co-chairs the Consumer Protection Committee of Attorney General
Impact of COVID-19 on African American Entrepreneurship in Piedmont, North Carolina
A new study compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.
Invest in Health and Wealth: Stabilizing Underserved Communities While Fighting a Pandemic
Invest in Health and Wealth: Stabilizing Underserved Communities While Fighting a Pandemic Register Today October 13-15 • 9:00 AM-11:30 AM (ET) Health & Wealth This three-day virtual event (Tuesday, October 13 through Thursday, October 15 from 9:00 AM-11:30 AM each day) will bring together community leaders, financial institutions, health care leaders, advocacy groups and public
In memoriam: Lottie Lee Davis
On Friday, September 18, 2020, NCRC and the city of Wilmington, Delaware, lost a champion for social justice and equality through the untimely death of Pastor Lottie Lee Davis of Be Ready Jesus is Coming Church.
Trump Tweet Halts Passage of HEROES Act
Today, President Trump tweeted that he has rejected the House Democrats “request,” referring to the latest edition of the HEROES Act, an economic stimulus package to protect and help people recover from the COVID-19 pandemic. He also said no further negotiations will take place until after the election.
House passage of scaled-back HEROES Act sends clear message to Senate: act now to protect public health and the economy
Today, the House passed a scaled-back version of the HEROES Act (H.R. 6800), trimming about $1.2 trillion in aid from a plan passed by the full chamber in May. The Senate has yet to take up the HEROES Act, and failed to pass a $500 million “skinny” aid package earlier this month.
COVID-19 Disparities in Rochester, NY: The Legacy of Redlining in the City of Frederick Douglass and Susan B. Anthony
T Barbara Van Kerkhove, Ph.D. Researcher/Policy Analyst, Empire Justice Center Barbara Van Kerkhove is a researcher/policy analyst in Empire Justice Center’s Rochester, New York, office where she does research and advocacy on a variety of consumer finance and economic justice issues. She is the principal author of “Too Big to Fail…Too Poor to
NCRC Initial Analysis of the CFPB SBREFA Panel Outline: A Step in the Right Direction but Improvements Sought
The CFPB’s initial proposals for the small business lending data take some steps in the right direction such as including a broad range of institutions from banks to non-bank financial technology companies that would be required to report data. However, some proposals would keep lending activity in the dark such as the proposal to not report Merchant Cash Advances, a form of credit that is higher cost and has been subject to abuses.
Community Reinvestment Groups Press Lawsuit Against Trump Admin for Dismantling Anti-Redlining Rules
Late Monday, the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC), represented by Democracy Forward and Farella Braun + Martel, responded to the Office of the Comptroller of the Currency’s (OCC) attempt to dismiss their suit challenging its dismantling of anti-redlining rules put in place to enforce the Community Reinvestment Act (CRA).