In the News

Prism, April 7, 2022, Understanding inflation, all of its causes, and who it affects the most COVID-19 and inflation exacerbated existing inequalities, with inflation disproportionately affecting low-income workers and communities of color. Dedrick Asante-Muhammad, the chief of membership, policy, and equity at the National Community Reinvestment Coalition, said the rising costs are hitting people who have lower incomes […]

GROWTH by NCRC, April 1, 2022, From Wall Street: Forget owning. Rent the American Dream instead The Great Recession, not consumer choice, is the first cause of the madness in the marketplace. This is followed closely by unnecessary zoning and permitting impediments to affordable home building. The loss of builders and skilled laborers, with a

Greater Milwaukee Today, April 5, 2022, Bank branches closing across United States, and locally Downtown Waukesha residents may have noticed a few different bank branches throughout downtown Waukesha have closed over the years. According to the National Community Reinvestment Coalition (NCRC), a nonprofit organization based in Washington, D.C., this is part of a nationwide trend.

The Leadership Conference on Civil and Human Rights, April 1, 2022, Post-hearing letter to Senate Judiciary Committee On behalf of The Leadership Conference on Civil and Human Rights, a coalition of more than 230 national organizations committed to promoting and protecting the civil and human rights of all persons in the United States, and the

Yahoo Finance, April 2, 2022, M&T Bank Corporation completes acquisition of People’s United Financial, Inc. As part of the merger, M&T Bank previously announced a five-year community growth plan – developed in collaboration with the National Community Reinvestment Coalition (NCRC) and local community organizations – that will provide loans, investments and other financial support for

Oregon Business, March 31, 2022, Withdrawn – Banks have closed thousands of branches in the last two years, many in rural communities. Small-business owners say they’re being left in the lurch. Nyssa is not alone: According to a study by the National Community Reinvestment Coalition, more than 4,000 bank branches have closed in the United

Globe Newswire, March 31, 2022, Allies Praise Biden-Harris Administration Expansion of SBA’s Community Advantage Pilot Program Targeting Access to Capital for Underserved Entrepreneurs Jesse Van Tol, President and CEO, National Community Reinvestment Coalition: “SBA’s proposed updates to the Community Advantage Pilot Program are an important and timely move to expand access to credit for small

MarketWatch, March 31, 2022, Budgeting tips for new homeowners The Housing Counseling Network at the National Community Reinvestment Coalition (NCRC) is a HUD-approved collective of agencies made up of mortgage advisers offering guidance on budgeting, credit, financial management and savings techniques. Its director, Ibijoke Akinbowale, recommends planning to spend 1%–2% of your home’s purchase price in ongoing

PR Newswire, March 31, 2022, Zest AI Joins NCRC’s Innovation Council for Financial Inclusion Zest AI, a leader in software for AI-driven lending, has joined the National Community Reinvestment Coalition’s (NCRC) Innovation Council for Financial Inclusion. The Innovation Council is a forum to create collective action between the financial technology community and grassroots community leaders

Commercial Observer, March 28, 2022, Bank Branches, Once Retail Staple, Closing by the Hundreds “There’s a surprising lack of information and data on how many branches banks really need right now,” said Jason Richardson, senior director of research at the National Community Reinvestment Coalition (NCRC), which recently released a report digging into bank branch trends and their

HousingWire, March 29, 2022, Inside the government’s feeble fight to end redlining Few community groups have the firepower of NCRC, which brought in nearly $40 million in revenue in 2020, in part from renting out two office buildings in downtown Washington, D.C.. But NCRC acknowledges it can only make a limited mark on combating lending discrimination. One

VitalLaw, March 28, 2022, CONSUMER CREDIT—CFPB receives public comments on ‘buy now, pay later’ programs The Consumer Bankers Association (CBA) and the National Community Reinvestment Coalition (NCRC) have responded to the Consumer Financial Protection Bureau’s request for public comment on “buy now, pay later” (BNPL) products and business practices. BNPL credit is a deferred payment

US Department of Housing and Urban Development, March 24, 2022, What They are Saying: Stakeholders, Advocates, Elected Officials Applaud Property Appraisal and Valuation Equity Task Force Action Plan National Community Reinvestment Coalition (NCRC) General Counsel Brad Blower and Senior Director of Policy Megan Haberle: Today the Interagency Task Force on Property Appraisal and Valuation Equity

The GW Hatchett, March 28, 2022, DC mayoral candidate talks campaign, future of DC D.C. mayoral candidate and at-Large Council member Robert White discussed his campaign and plans for the city in the University Student Center Thursday. White, a fifth-generation D.C. resident, outlined many of his goals as mayor, including lowering homicide rates, combating poverty

The Miami Herald, March 26, 2022, They didn’t pay a hitman with the cash. Why aren’t more minority PPP loans in Miami being forgiven? | Editorial There have been headline-making abuses of federal Paycheck Protection Program loans in South Florida, known for years as the fraud capital of the nation. There’s evidence of bias from