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Although active employment rates in North Carolina’s small businesses dropped broadly during the first six months of the COVID-19 pandemic, by the end of August the rate had returned to pre-COVID levels for White entrepreneurs, but was still down by 62% for Black business owners, a new study shows. The study, from the National Community […]
Today, the United States District Court of Massachusetts found in favor of the Massachusetts Fair Housing Center and Housing Works, Inc. and issued a preliminary injunction to postpone the start date of the U.S. Department of Housing and Urban Development’s (HUD) new disparate impact rule, which had been finalized by the agency in September.
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 disappointed by Senate vote against CRA resolution Read More »
New benchmarks for racial and ethnic representation from NCRC and Beneficial State Foundation set goals and metrics for banks to evaluate their performance
New Report Gives Banks a Clear Pathway to Diversity Benchmarks Read More »
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.
NCRC Staff Member Elected to Board of the Faster Payments Council Read More »
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.
Trump Tweet Halts Passage of HEROES Act Read More »
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.
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).
On Monday, the Federal Reserve Board of Governors approved a process to revise the rules banks must follow to comply with the Community Reinvestment Act (CRA), and an Advanced Notice of Proposed Rulemaking (ANPR) to begin that process.
“This is an encouraging step toward thoughtful updates to CRA rules, which are essential to ensure loans and investments from banks reach underserved minority and lower-income communities that have been especially hard hit by the coronavirus pandemic.”
NCRC statement on Federal Reserve vote to update CRA rules Read More »
National Findings Affirm Local Experiences Last week, a team of researchers from NCRC, the University of Wisconsin-Milwaukee School of Public Health and University of Richmond Digital Scholarship Lab produced a report with maps and data from 142 cities that showed how historic discrimination in lending and investing in entire neighborhoods correlates with shorter life expectancy
NCRC launches publishing series on Segregation, Environment and Health Read More »
The Consumer Financial Protection Bureau (CFPB) released yesterday an outline of proposals under consideration to collect data on lending to small businesses and help identify and address discrimination.
CFPB proposed changes to small business lending data a step in the right direction Read More »
The National Community Reinvestment Coalition has hired Marisa Calderon as executive director of the NCRC Community Development Fund, which provides loans for housing, small business and other community development needs in low- and moderate-income communities. Calderon, based in California, was executive director at the National Association of Hispanic Real Estate Professionals (NAHREP) and authored their
NCRC Hires Marisa Calderon as New Executive Director of Community Development Fund Read More »
The National Community Reinvestment Coalition has hired Tom Feltner as Director of Policy. He will lead NCRC’s policy agenda and advocacy in pursuit of a Just Economy.
NCRC Hires Tom Feltner as New Director of Policy Read More »
Today, the National Community Reinvestment Coalition (NCRC) and Morgan Stanley (NYSE: MS) announced a $15 billion, four-year community benefits plan that will increase the financial services company’s lending and investments in lower-income communities.
