In the News

But the PPP has had its share of problems. A study conducted by the National Community Reinvestment Coalition found that Black business owners had a harder time getting federal aid through the program.

A recent study by the National Community Reinvestment Coalition found “different levels of encouragement to apply for loans, different products offered, and different information provided by bank representatives.”

An alarming aspect of the new Community Reinvestment Act is the broadening definition of CRA activities. An analysis from the National Community Reinvestment Coalition found that stadiums in opportunity zones, middle-income homeowners living in high-cost neighborhoods, and volunteer hours could all qualify as CRA activities.

In all of these areas, corporations can help the country take important steps to bridging racial economic inequality. Now is the moment when corporations can help lead in the movement for greater racial equity — instead of being a lagging indicator of inequality.

A recent study from the National Community Reinvestment Coalition said the census tract where Carter lives is, in fact, “gentrified,” and it ranked Indianapolis No. 12 on a list of the most intensely gentrifying cities from 2013 to 2017.

“This is terrible. The administration just gutted the rule that enforces fairness in housing, which was and still is the whole point of the Fair Housing Act,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition. “All of us have an interest in living in fair and desegregated communities. This would be a return to separate but equal and would be among the most overtly racist housing policies in decades. It’s hard to even call it a policy. It doesn’t enforce anything, it hands off any action to local governments, and they can get away with no action. This approach won’t affirmatively further anything other than discrimination.”

Disparities in small business lending have continued amid the COVID-19 pandemic with the implementation of the Paycheck Protection Program (PPP), according to The National Community Reinvestment Coalition (NCRC).

“Payday lenders and pawn shops are an extremely high-cost way to borrow money,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a grassroots coalition that advocates for equal access to banking services, housing and other financial services. “Targeting people of color for higher-cost products, it’s what we call ‘reverse redlining.’”

For example, a recent study conducted by a team of researchers from the National Community Reinvestment Coalition, Utah State University, Brigham Young University, Rutgers University, and Lubin Research found that banks were three times more likely to request follow-up appointments with white business owners than better-qualified Black business owners, and the Black business owners were subjected to far greater personal and financial scrutiny compared to their equal or less creditworthy white counterparts.

“It’s hard to even call it a policy. It doesn’t enforce anything,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition.

A recent study by the National Community Reinvestment Coalition places Denver second among the most intensely gentrifying cities in America, behind only San Francisco.

A recent study from the National Community Reinvestment Coalition said the census tract where Carter lives is, in fact, “gentrified,” and it ranked Indianapolis No. 12 on a list of the most intensely gentrifying cities from 2013 to 2017.

“This is terrible,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition. “The administration just gutted the rule that enforces fairness in housing, which was and still is the whole point of the Fair Housing Act. All of us have an interest in living in fair and desegregated communities.”

Jesse Van Tol, the CEO of the National Community Reinvestment Coalition, said the new rule removes “any real enforcement or any real oversight of affirmatively furthering fair housing.”

“The president was pretty transparent about his goals, and his goals are political,” Van Tol added.

Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, called the claim that a five-year-old rule had ruined suburbs “both counterfactual and a transparent shout-out to white supremacists who don’t like that America’s suburbs, along with the entire country, have become more diverse.”