In the News

Micro B Life, March 17, 2022, When Did Gentrification Start In Nyc The history of gentrification in America starts in the 1960s when the term was coined. Over the next five and a half decades communities have wielded varying tools and strategies in response to gentrification’s challenges. A new study claims San Francisco and Oakland are the […]

OA JF, March 17, 2022, Addressing Structural Inequities, a Necessary Step Toward Ensuring Equitable Access to Telehealth for Medication Abortion Care During and Post COVID-19 Research indicates that health disparities based on social status and race/ethnicity exist and persist in the US. A past filled with disinvestments and isolation of communities of color keep telehealth

Spectrum News 13, March 15, 2022, In Orlando, one mixed-income housing approach aims to break cycles of concentrated poverty The so-called “American Dream” of homeownership hasn’t ever been equally accessible to everyone. But the pandemic era’s inflated housing market has clarified just how disproportionately uneven the odds are for many marginalized groups. The gap in

Politico, March 15, 2022, A come-to-Jesus moment on financial nominations Sens. Joe Manchin (D-W.Va.) and Susan Collins (R-Maine) have all but sealed the fate of President Joe Biden’s nominee to be the nation’s top bank regulator. What happens next will determine whether Biden can get anyone confirmed to the job this year, before Republicans potentially take back the upper chamber. “There’s

Vital Law, March 14, 2022, COMMUNITY DEVELOPMENT—NCRC offers suggestions for CRA reform The report offered suggestions for reforming the CRA that the organization believes would result in underserved communities benefiting from significantly more reinvestment.

Next City, March 15, 2022, We Sat Through an 8-Hour Bank Merger Hearing So You Didn’t Have To But Kennedy and others want to see all that in writing. She along with the California Reinvestment Coalition, the National Community Reinvestment Coalition and others all opposed the merger until U.S. Bank finalizes and commits in writing

Bham Now, March 14, 2022, Revitalization project brings affordable housing to Ensley—learn more This was made possible due to a $25M partnership between The City of Birmingham and GROWTH by NCRC, in addition to $540K in funding from the American Rescue Plan to offset rising construction costs, as allocated by The Birmingham City Council in

CU Today, March 13, 2022, New bill would give NCUA some third-party vendor oversight; DCUC, NAFCU support ‘Underserved’ Act Thaler told Congress  these numbers have only grown over the last two years during the pandemic, as banks closed more than 4,000 branches since March of 2020, according to an independent National Community Reinvestment Coalition study.

NWI Times, March 11, 2022, Old National Bank to invest $8.3 billion in minority and low-income communities “We appreciate the leadership and commitment of Old National—and that of Jim Ryan in particular—to collaborate with us and our members to create this impactful community agreement,” said Jesse Van Tol, President and CEO of NCRC. “With this

Inequality.org, March 8, 2022, Reckoning’ with the Economic Marginalization of Native Americans Through years of intentional governmental policies that took away their lands and resources, American Indians have been separated from the wealth and assets that were rightfully theirs. Today, we see a consistent lack of information on Native Americans and their socioeconomic issues. Our

Fast Company, March 8, 2022, The 10 most innovative companies with fewer than 10 employees In the wake of a pandemic that hit Black, brown, and low-income communities disproportionately, the NCRC Community Development Fund (CDF)—a subsidiary of the National Community Reinvestment Coalition—amassed millions in capital to help these communities recover. In May, when the U.S. Treasury awarded

American Banker, March 8, 2022, Community groups withhold support of U.S. Bank-Union Bank deal — for now Key community groups told regulators Tuesday that they aren’t yet supportive of U.S. Bancorp’s pending acquisition of MUFG Union Bank, as they engage in negotiations to establish a series of tangible public benefits. Before regulators approve any merger,

Banker and Tradesman, March 7, 2022, Fed Approves M&T Bank, People’s United Deal More than a year after announcing plans to acquire Connecticut-based People’s United Bank, Buffalo-based M&T bank has received the final regulatory approval needed to complete the merger. Some commenters did have concerns about the deal, including several who asked the Fed to

Billionaire Club Co LLC, March 3, 2022, Community Reinvestment Act (CRA) Definition The Office of the Comptroller of the Currency in May 2020 issued a final rule to “strengthen and modernize” existing Community Reinvestment Act regulations. According to a news release, the proposed changes received more than 7,500 comments from stakeholders in response to the

The Sunflower, March 3, 2022, OPINION: Critical race theory should be required in K-12 schools Although the Fair Housing Act of 1968 aimed to end redlining, imprints of previous policy remain prevalent. According to a study by the National Community Reinvestment Coalition, 74 percent of the redlined neighborhoods 90 years ago are low-to-moderate income neighborhoods today;