NCRC Praises White House Action On Junk Fees
The Biden-Harris effort to protect consumers from junk fees is also good for legitimate businesses.
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
#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,
#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
Roundup: Highlights From The Just Economy Regional: Mountain West Summit
This week, 200 community economic development advocates gathered in Denver to explore challenges, data, solutions and opportunities to create a just economy across Colorado, Arizona, New Mexico, Utah and Indian Country. Summit attendees heard a rich mixture of personal reflections and practical insights from regional leaders like Denver Mayor Mike Johnston, Denver International Airport CEO
NCRC, FinTech Firms Issue Statement In Support Of Regulatory Stability At The Consumer Financial Protection Bureau
Five fintechs express support for the Consumer Financial Protection Bureau ahead of the CFPB’s Supreme Court case.
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
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
Wealth-Building Hurdles For Latino And Asian Americans Are Not As Simple As You May Think
New racial wealth snapshots on the AAPI and Latino communities demonstrate the wide diversity of economic experiences facing members of those groups.
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.
NCRC Statement On Erroneous Ruling Against CFPB Discrimination Authority
“Of course discrimination is unfair. Kindergarteners understand that. Someday the courts will too.” — Jesse Van Tol, NCRC President & CEO
Bob Dickerson Appointed Chairperson Of NCRC Board
Dickerson is Executive Director of the Birmingham Business Resource Center (BBRC), which he founded in 1996.
Katy Crosby Joins NCRC Staff As Chief Of Community Engagement & Institutional Accountability
Crosby served as NCRC Board Chairperson from 2021 through 2023, while working as Town Manager for Apex, North Carolina.
Call for 2024 Just Economy Conference Session Ideas
Add your voice and expertise to the 2024 Just Economy Conference. The conference takes place April 3-4 in Washington, DC, and is preceded by NCRC’s member-only Hill Day on April 2. This is the national event for community, business, foundation, policy and government leaders who want a nation that not only promises but delivers opportunities
Special Purpose Credit Programs Remain On Solid Legal Ground Despite Supreme Court’s Affirmative Action Decision
The Supreme Court’s recent affirmative action ruling is creating wider anxiety in the business community. Special Purpose Credit Programs are not in jeopardy.
Shelter Inflation, Black Unemployment and The Dual Competing Mandates of the Federal Reserve
Since March of 2022, the unemployment rate has stayed somewhere between 3.4% and 3.7%. The latest monthly report from the US Bureau of Labor Statistics (BLS) breaks this trend with the rate rising to 3.8%.
MISSED OPPORTUNITIES: Financial Institutions In New York City Discourage Prospective Small Business Applicants
NCRC conducted mystery shopper tests in 34 New York City bank branches to assess the state of small business lending after governments eased or eliminated most COVID-related business and personal behavior restrictions.
Report: New York Banks Treated White Small Business Owners Better Than Non-Whites
Minority-owned businesses and Black-owned businesses inquiring about small business loans faced racial discrimination in NCRC’s latest mystery-shopper test.
Video: Your Membership, Your Benefits: A Closer Look at NCRC Membership
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 #JustEconomy. Members will share their tips for making the most of your membership and NCRC Membership staff will walk through NCRC’s newest member features.
Book Review: To Fight Segregation We Must First Build Community, Richard And Leah Rothstein Argue
A divided society can never be a harmonious one — so what can we do to fight segregation in our communities?
HEALTH EQUITY RESEARCH SPOTLIGHT: Medical Debt Makes People Live Sicker, Die Sooner
Owing someone money doesn’t just make a person’s life harder – it might also make it shorter, and it certainly makes it sicker.
Racial Wealth Snapshot: Asian Americans And The Racial Wealth Divide
Asian Americans are the fastest growing racial or ethnic group in the United States, and are predicted to be the nation’s largest immigrant group by 2050. Asian Americans are forecast to exceed the Hispanic share of the immigrant population and to make up 36% of all US immigrants by 2055.
NCRC To Banking Regulators: New Automated Valuation Model Technologies Must Not Affirm Historic Redlining
(Download) August 21, 2023 RE: Quality Control Standards for Automated Valuation Models: Docket ID OCC–2023–0002; FDIC RIN 3064–AE68; Federal Reserve Docket No. R–1807 and RIN No. 7100 AG60; Docket Number NCUA–2023–0019; FHFA RIN 2590–AA62; and CFPB–2023–0025 To Whom it May Concern: Thank you for the opportunity to comment on the use of automated valuation models
When Regulators Overhaul Bank Merger Rules, They Should Heed Key Lessons From NCRC’s Community Benefits Agreements
Biden officials want to strengthen bank merger review guidelines. Here’s what they can learn from NCRC’s work with banks.