In the News

Forbes, February 25, 2022, Why the Community Reinvestment Act needs a racial equity lens There are strong legal grounds for including race and ethnicity in CRA evaluations. According to the National Community Reinvestment Coalition, “the CRA statute itself and the constitutional parameters set out by court cases around race-conscious policies demonstrate that the prudential regulators […]

Boston Herald, February 24, 2022, Who can afford to raise a family in Boston? Affordable neighborhoods have lost units to gentrification and the gleaming downtown condo towers come with price tags equally as dazzling. According to a 2020 report from the National Community Reinvestment Coalition, Boston’s the third most “intensely gentrified city” in the nation.

National Mortgage News, February 24, 2022, Cadence Bank pledges $20.7 billion in community development lending The agreement, announced jointly on Thursday by the bank and the National Community Reinvestment Coalition, is similar to deals announced by other banks that were in the midst of or had completed large mergers. Houston-based Cadence merged with BancorpSouth Bank

Business Insider, February 26, 2022, Homeownership is the one bright spot in building Hispanic generational wealth The median income of Hispanic households was $56,113 in 2019, according to the National Community Reinvestment Coalition. The organization said the rate was 30% less than white households’ median income of $76,057. Since 1983,  Hispanic households’ median net worth

The GW Hatchet, February 28, 2022, Marcia Fudge discusses gentrification, institutional racism in urban housing markets The District was ranked as the most gentrified city in the United States in 2019 before falling to the 13th-most gentrified in 2020, according to a report by the National Community Reinvestment Coalition – a company aiming to end housing

Star Tribune, February 27, 2022, In Indian Country, the Biden presidency is a revelation In late 2021, the Biden-Harris administration followed with the Bipartisan Infrastructure Law, dedicating more than $13 billion directly to Native communities. These investments are significant when one-quarter of Native Americans live in poverty, according to the National Community Reinvestment Coalition.

Bloomberg Law, February 22, 2022, Climate Risk Stumps Bank Regulators Updating Anti-Redlining Plan Financial regulators updating anti-redlining rules face a conundrum: how to increase lending in lower-income neighborhoods prone to climate disasters while also getting banks to better account for climate risks. But regulators are treading carefully as they look to modernize the CRA’s rules

American Banker, February 18, 2022, M&T, People’s United postpone merger deadline till June M&T Bank and People’s United Financial are delaying the deadline for their merger until June, as the two companies await approval from the Federal Reserve. The $7.6 billion deal, which would expand M&T’s presence in the Northeast, had an initial deadline of

Investopedia, February 19, 2022, The History of Lending Discrimination Laws today protect borrowers from discriminatory lending practices, but that wasn’t always the case. For decades U.S. banks denied mortgages to Black families—and those belonging to other racial and ethnic minority groups—who lived in certain areas “redlined” by a federal government agency called the Home Owners’ Loan Corporation

WTXL, February 21, 2022, Restaurants tackle gentrification and displacement in low-income areas New development in low-income neighborhoods across the country is pricing out some who have been there for years. Now businesses owners and advocates are adjusting to battle gentrification and displacement. According to a study by NCRC, gentrification and cultural displacement are problems in

Sfagte, February 21, 2022, Some majority Black and Latino Bay Area neighborhoods have more lead contamination than Flint, Michigan Oakland, which has one of the highest concentrations of children under the age of six in the Bay Area, has been fighting to escape the Bay Area’s toxic legacy: lead paint, a material that is still

Othering & Belong Institute, February 2022, The Structural Racism Remedies Repository This a repository of policy-based recommendations for addressing structural and systemic racism or advancing racial equity drawn from a vast array of published material. A complete list of sources is provided in an index at the bottom of this page, with a short-hand acronym

The Center for Public Integrity, February 17, 2022, Bank branch closure rate doubled during pandemic A new report by the National Community Reinvestment Coalition found that the monthly closure rate of bank branches doubled during the pandemic, resulting in the disappearance of over 4,000 branches from March 2020 to October 2021. Those closures hit low-to-moderate

Politico, February 17, 2022, The Fed’s sleeper risk A new analysis from the National Community Reinvestment Coalition found that more than 4,000 bank branch locations have closed since the onset of the pandemic in March 2020. That’s about 200 per month on average, which is double the rate of the previous 20 months. “The disappearance