In the News

Links to media coverage of NCRC.
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Forbes: Would Postal Banking Save the Post Office?

Nearly every ZIP code in the United States is served by a post office, which adds up to more than 30,000 branches nationwide. Those branches could fill the gap for banking services that can’t be conducted online, like cash handling for small businesses, Von Tol says.

WPTV: Florida’s minority businesses could have benefited from race question for PPP loans, experts say

“It was possible that some banks did do it, but most banks didn’t add that into the PPP loans,” said Dedrick Asante?Muhammad, Chief of Race at the National Community Reinvestment Coalition. “They were all scrambling to understand and collect.”

The Washington, D.C.-based nonprofit recently called the PPP data “mostly worthless.”

Medium: How We Save Our Body Politic

One example of what’s so profoundly wrong with our system comes through analyses of the PPP loan process. The National Community Reinvestment Coalition sent Black and white testers to banks to talk about securing PPP loans for their small businesses. The Black applicants were deliberately given sample profiles that were financially stronger than the white testers. Nonetheless 43% of the time, the white tester received preferential treatment.

Consumer Action: Advocates call foul as CFPB hides consumer complaint narratives from public view

Consumer Action joined nearly three dozen consumer, civil rights, community, housing and privacy groups [including NCRC] in urging the Consumer Financial Protection Bureau (CFPB) to reconsider its decision to bury the narratives of consumer complaints, making it much harder for non-experts to find this essential material in its consumer complaint database.

the balance: $134 Bln Goes Untapped After PPP Deters Small Businesses

A rushed rollout in April led to widespread media reports of overloaded systems, processing delays and confusion. Plus, some business owners—at least before certain criteria were relaxed—deemed it too tough to qualify for loan forgiveness in such an uncertain time. Still others weren’t even eligible or were discouraged by the lack of a banking relationship. Perhaps most disturbingly, some were dissuaded from applying because they were Black, an audit by the National Community Reinvestment Coalition showed.

PR Newswire: Senate Bill Seeks To Remove Major Barrier To Black Homeownership

The bill is supported by: Asian American Association of America (AREAA); FHLBank of San Francisco; Mainstreet Alliance; National Association of Affordable Housing Lenders (NAAHL); National Association of Realtors (NAR); National Association of Real Estate Brokers (NAREB); National Business League; National Community Reinvestment Coalition (NCRC); National Fair Housing Alliance (NFHA), and National Housing Conference (NHC).

The Final Call: America caught Covid-19; Black America caught hell, says Urban League

“It’s interesting that COVID-19 hit at right around the similar time as when the United States of America, really was grappling with issues of racial inequality, ignited by other incidents but ignited by the George Floyd killing. And so we have this public health crisis that was shutting America down as the reality of racial inequality was kind of sparking consciousness raising all across the country,” concurred Dedrick Asante Muhammad, chief of Race, Wealth and Community for the National Community Reinvestment Coalition.

Mebane Enterprise: NC Business Council – Black Businesses Matter

A “mystery shopping” study by the National Community Reinvestment Coalition, a nonprofit in Washington, found that Black businesses with similar or slightly better financial profiles compared to White businesses, were offered different products and treated significantly worse than their White counterparts in 43% of the test encounters at branches of 17 banks. Michelle Singletary: Structural racism helps schemers attract Blacks to pyramid scams

The National Community Reinvestment Coalition and researchers from Utah State, Brigham Young and Rutgers partnered to send testers to 32 bank branches representing 17 randomly selected financial institutions in the Washington, D.C. metro area. Researchers wanted to see how Black business owners might be treated in seeking pandemic-related relief.