In the News

The Sacramento Observer, November1, 2021, Elderly Oak Park Woman Faces Losing Her Home 71-year-old grandmother and janitorial worker Wanda Clark’s home in south Oak Park, is in court-appointed receivership because of housing code violations and can be auctioned off, if the proceedings are not halted.  Rashid Sidqe, executive director of the Sacramento-based non-profit organization Lift […]

The Progressive Magazine, November 3, 2021, Inside Biden’s Hardline Approach to End Redlining Redlining is no longer limited to racist maps used to determine who receives a mortgage, as it was in the 1930s. Today, it also includes Internet service providers targeting ads to consumers using their racial profile and schools filtering content by restricting Internet search results,

Better Markets, November 1, 2021, Better Markets Applauds OCC Proposal To Rescind Its Seriously Flawed 2020 CRA Rule Phillip Basil, Director of Banking Policy at Better Markets, issued the following statement: “Better Markets has submitted a comment letter in full support of the Office of the Comptroller of the Currency’s (OCC) proposal to rescind its seriously flawed

The Middletown Press, October 28, 2021, After People’s Merger, M&T Bank Focuses on ‘Community Development’ Following its merger with People’s United Financial, M&T Bank has pledged $43 billion in loans, investments, grants and other financial ventures across five years to support low- to moderate-income families. The bank worked with the National Reinvestment Coalition to develop

Psychology Today, October 31, 2021, Age as a Lens on Pressing Social Issues Age is a lens through which we can view other crises. This lens enables us to see the intersectionality of issues that appear to be separate. It also exposes the strengths, weaknesses, and inherent, urgent responsibilities of society for young and old

Impact Alpha, October 29, 2021, Institutionalizing the Racial Reckoning in Community Reinvestment Act Reforms The National Community Reinvestment Coalition recently partnered with Relman Colfax and mapped out in detail how race-conscious approaches to addressing racial economic inequality can be written into CRA, with accountability front and center. The paper calls for demographic and lending benchmarks focused on

Spectrum News 1, October 27, 2021, Black Homeowners Become Fastest Growing Group in Real Estate Brieauna Williams and her husband are a part of the fastest growing group in the U.S. real estate market – Black homeowners. From the time she purchased her home in Charlotte’s Beatties Ford community in 2019 until now, the number of Black homeowners has jumped

The Buffalo News, October 26, 2021, M&T Unveils $43 Billion Community Growth Plan M&T Bank has unveiled a $43 billion package of loans and investments it will make across the Northeast in connection with its planned acquisition of People’s United Bank. The package, developed in conjunction with the National Community Reinvestment Coalition, includes $22.9 billion

The Guardian, October 27, 2021, Native American Groups Capitalize on Record Donations to Confront Chronic Hardship Leaders of non-profit organizations serving Native American communities in the US say they have been inundated with unprecedented financial support over the course of the Covid-19 pandemic. More than 1 million Americans who identify as American Indian or Alaska

St. Louis Public Radio, October 26, 2021, Advocates See Red Flags as First Mid Seeks to Acquire Jefferson Bank & Trust Members of the St. Louis Equal Housing and Community Reinvestment Alliance didn’t mince words when they publicly opposed First Mid Bank & Trust’s plans to purchase Jefferson Bank & Trust. The alliance joined with

American Banker, October 25, 2021, M&T, Awaiting Fed’s Approval of Merger, Unveils Reinvestment Plan M&T Bank pledged billions of dollars Monday to low- and moderate-income neighborhoods as part of a reinvestment plan tied to its pending acquisition of People’s United Financial. The five-year plan, negotiated with the National Community Reinvestment Coalition, aims to increase the

Banking Dive, October 20, 2021, Biden’s OCC Pick Faces a Delicate Balance Among Moderates The opposition Omarova has faced since Biden announced his intent to nominate her last month, has some questioning why the administration selected such a polarizing candidate, especially after reports emerged this year that Michael Barr, a former Ripple adviser who also served as

The Washington Post, November 20, 2020, Black Businesses are Fighting for Their Lives. We Can’t Afford to Lose Them These businesses stabilize communities, but structural racism makes their struggles harder, and the pandemic forced many to shutter. In two separate tests, the nonprofit National Community Reinvestment Coalition found that Black people seeking small-business loans under coronavirus relief

JD Supra, October 18, 2021, CFPB’s Small Business Lending Data Collection Rulemaking Last month, the Consumer Financial Protection Bureau (CFPB) issued a long-anticipated proposed rule (published in the Federal Register on October 8, 2021) requiring regulated financial institutions to collect and report small business lending data to the Bureau. The COVID-19 pandemic and disaster relief

Climate XChange, October 15, 2021, East Boston V. Eversource Substation: An Ongoing Fight for Justice In  the United States, gentrification and the displacement of long-time residents has been most intense in the largest cities. The National Community Reinvestment Coalition (NCRC) notes that Black and Hispanic U.S. residents were impacted the most by gentrification, affecting at least 135,000