In the News

Bloomberg Law, June 22, 2022, A Digital Dollar for the Unbanked? Banks, Consumers See Pitfalls Most fintech companies aren’t covered by the Community Reinvestment Act, a 1977 law that requires regulators to measure bank lending to low-income urban and rural areas. Bank holdings of digital dollars probably wouldn’t be covered either, because the law only […]

Birmingham Times, June 15, 2022, As Birmingham Turns Blight into Affordable Housing, Residents Return The apartments, where the Paynes lived for 20 years until they were demolished in the early 2000s, have been replaced by the newly developed Oak Hill development of Belview Heights in Ensley, which now features 27 brand new homes on what

Essence, June 15, 2022, Baldwin & Co. Coffee & Bookstore In New Orleans Makes A Delicious Brew And A Big Impact At The Same Time The most recent report from The National Community Reinvestment Coalition (NCRC) found that New Orleans is “gentrifying at an abnormally rapid rate” compared to other cities in its Gentrification and

SJOENG, June 19, 2022, How Historic Inequity Shapes DC’s Transit-Oriented Development As walkable, transit-oriented neighborhoods became more desirable, housing costs rose and older residents were pushed out. “Between 2000 and 2013, about 40 percent of the city’s lower-income neighborhoods experienced gentrification, according to a 2019 study by the National Community Reinvestment Coalition.” The same report

Daily Kos, June 17, 2022, Discrimination in mortgage lending persists due to Trump. Now Biden’s working to combat it The National Community Reinvestment Coalition (NCRC)—which is made up of “community reinvestment organizations; community development corporations; local and state government agencies; faith-based institutions; community organizing and civil rights groups; minority and women-owned business associations, as well

MarketScreener, June 17, 2022, CFPB Update On The Amicus Program And Other Litigation The CFPB also provided updates on two ongoing lawsuits against it. Specifically, in August of 2020, the National Community Reinvestment Coalition, among others, sued the CFPB in the U.S. District Court for the District of Columbia over its final rule amending Regulation

AL.com, June 19, 2022, Roy S. Johnson: As Birmingham rises, we must not forget neighbors living on tainted, poisonous soil After Powell spoke, Mayor Randall Woodfin shared thoughts of an aunt who’s lived in the area “longer than I’ve been alive” and seeing soot (or whatever floated down from those tainted skies) settling on clothes

WBAL-TV 11, June 20, 2022, Harbor Bank chooses Juneteenth to open new branch at Northwood Commons The opening of the bank branch comes as the Baltimore region has seen the second-highest rate of bank branch closures in recent years. Between 2017 and 2021, the number of bank branches dropped from 685 to 589 in the

Kiplinger, June 13, 2022, Retirees, Be Aware of the Murky Rules Behind Financial Apps Karen Kali, senior program manager at the National Community Reinvestment Coalition in Washington, D.C., says that both the EverSafe and SilverBills apps are great examples of a product that could be useful for seniors. While EverSafe monitors banking transactions and credit cards

The Financial Brand, June 15, 2022, FedNow Will Propel Real-Time Payments Into the Banking Mainstream The issue of security in the FedNow system has raised red flags from some consumer groups. “The Fed must take measures before FedNow launches to ensure that it does not become a haven for fraud,” says a joint statement by

Greater Greater Washington, June 14, 2022, Understanding why the region grapples with unequal access to TOD Between 2000 and 2013, about 40% of the city’s lower-income neighborhoods experienced gentrification, according to a 2019 study by the National Community Reinvestment Coalition. In the report, NCRC recognized that the term gentrification is both complicated and complex. The

Business Insider, June 14, 2022, Understanding redlining and how it kept communities of color from homeownership “Almost invariably, neighborhoods that had any African American presence were graded as hazardous in their mapping system,” says Bruce Mitchell, senior research analyst at the National Community Reinvestment Coalition. Mitchell co-authored a study from the NCRC on the health of formerly

The Grio, June 6, 2022, Detroit program helps connect Black business owners with capital Numerous studies have highlighted the financial disparities between white and Black business owners. For example, the National Community Reinvestment Coalition found that banks treated applicants differently based on race as businesses sought pandemic-related Paycheck Protection Program loans. According to a 2021 report in Nerd

The Washington Post, June 6, 2022, ‘We’re all afraid’: Massive rent increases hit mobile homes Surging home prices and rents are cascading down to the country’s mobile home parks, where heightened demand, low supply and an increase in corporate owners is driving up monthly costs for low-income residents with few alternatives. At the same time,