In the News

Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.

The Milford Mirror: With federal relief past, experts fear a surge in foreclosures in CT

The Milford Mirror, September 17, 2021, With Federal Relief Past, Experts Fear a Surge in Foreclosures in CT CT has had one of the highest rates of mortgages 90 days or more past due in the nation since the mid-2010s, even as rates declined overall “If I haven’t paid my mortgage in three months, I’m …

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International Banker: For Banks, Digital Transformation is an opportunity, not a threat

International Banker, September 16, 2021, For Banks, Digital Transformation Is An Opportunity, Not A Threat As consumers use cash and checks less frequently, their need for traditional banking services associated with those payment methods declines, while their desire for digital options increases—both of which have implications for banks. In some cases, shifts in consumer demand …

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Value Walk: Business Structure of Small Businesses May Matter More Than We Knew

Value Walk, September 15, 2021, Business Structure Of Small Businesses May Matter More Than We Knew The removal of the credit score requirement for PPP loans may have revealed another barrier to credit: the structure of a business. Business structure was the first question asked on the PPP application. While it is unclear how lenders used …

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Passion of the Weiss: “I Was Raised by the Streets, Raised by My Neighbors:” An Interview With ALLBLACK

Passion of the Weiss, September 14, 2021, “I Was Raised by the Streets, Raised by my Neighbors:” An Interview with ALLBLACK An interview with Oakland-based rapper and musician ALLBLACK discusses among other things, his experience growing up in a city rife with gentrification. A 2020 study conducted by the National Community  Reinvestment Coalition concluded that …

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American Banker: What the $3.5 trillion budget package could mean for banks

American Banker, September 14, 2021, What the $3.5 Trillion Budget Package Could Mean for Banks As Congress tries to advance a massive $3.5 trillion spending plan, lawmakers and other stakeholders are pushing provisions that are of intense interest to the financial services sector. Several civil rights and housing policy groups — including the Center for …

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Compliance Savvy: CRA Evolution and Recent Modernization Efforts – Part 1

Compliance Savvy, September 14, 2021, CRA Evolution and Recent Modernization Efforts – Part 1 Even though many people may not be familiar with the CRA or pay attention to it, it is an important law. It directly impacts the lives and livelihoods of people living in LMI communities by incentivizing banks to direct large amounts …

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American Banker: CFPB small-business data plan scares banks. Activists say it should

American Banker, September 12, 2021, CFPB Small-Business Data Plan Scares Banks. Activists Say it Should The Consumer Financial Protection Bureau’s proposal to collect data on small-business loans has been over a decade in the making, but the fight over the rulemaking is just getting started. “It is immensely important to get a handle on whether …

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Sun Herald: A bank is closing a branch in downtown Biloxi despite a petition to keep it open

Sun Herald, September 10, 2021, A Bank Is Closing a Branch in Downtown Biloxi Despite a Petition to Keep it Open The sign is posted on the door and despite a petition asking to keep it open, Wells Fargo Bank’s Howard Avenue branch in downtown Biloxi will close in a few weeks. The difficulty in …

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DS News: Changing the meaning of “equity” in the housing industry

DS News, September 9, 2021, Changing the Meaning of “Equity” in the Housing Industry Inequities persist, in part, because they often go unrecognized and uninterrogated. As an industry, we have a special obligation to correct the inequities in housing that endure decades after the original discriminatory practices have been discredited and abandoned. Organizations such as …

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AllWork: New Working space opens blocks from the white house

AllWork, September 9, 2021, New Working Space Opens Blocks From the White House The National Community Reinvestment Coalition (NCRC) has opened a new coworking and event space in the Union Trust building just two blocks from the White House. Now, the new coworking space coined The Just Economy Club will offer a variety of private offices, as …

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CBS46: Racial Bias In Housing Appraisals

CBS46, August 26, 2021, Racial Bias in Housing Appraisals Marisa Calderon, executive director of the National Community Reinvestment Coalition says “…the approach to appraisals sort of compounds the history of redlining and undervaluing of neighborhoods and homes that are occupied by communities of color.”

Washington Credit Union Daily: Consumer Groups Praise CFPB Small Business Lending Rule

Washington Credit Union Daily, September 6, 2021, Consumer Groups Praise CFPB Small Business Lending Rule Consumer advocates are praising the Consumer Financial Protection Bureau’s proposed rule that would require financial institutions, including credit unions, to report demographic information about their small business lending. “Publicly accessible data on small business lending can motivate lenders to increase …

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90.7 WMFE – Orlando, FL: Transcript

Segregation best neighborhoods were almost exclusively White and hazardous neighborhoods were mainly comprised of minorities. This process is known as redlining Bruce Mitchell, senior research analyst at the National Community Reinvestment Coalition explains the redline process it’s systematic approach evaluation neighborhoods that will SA and postage to shake really resulted in which communities we’re given mortgage launch and which commanders were not and know in most cases is H also appraisers.