With a growing elderly population, projected to nearly double from 52 million to 95 million in the next 40 years, age-friendly banking is more important than ever.
Analysis and points of view on research, trends, issues, ideas and opportunities.
Wealth equity is intrinsically tied to health equity. Hospitals and health systems are stepping into the community development arena more frequently as there are many opportunities for them to partner with banks and other financial institutions to reduce economic disparities that could reduce health disparities.
America should not only promise but deliver to all Americans opportunities to build wealth and live well. The Just Economy Pledge is a starting point.
NCRC would like to thank Subcommittee Chair Al Green and Chair Maxine Waters for their leadership on this issue and urges the passage of this important legislation without delay.
The lack of equity in income and wealth shapes the way women of color can respond to social and financial crises, sometimes escalating minor financial setbacks into an array of economic hardships which make a recovery difficult. Women of color are, unfortunately, at the center of economic inequality and most in need of paid leave and wage increases.
The National Community Reinvestment Coalition (NCRC) applauds the outcome of today’s bi-partisan 52-47 Senate vote on S.J. Res. 15, a resolution to reverse the Trump-era True Lender Rule. The rule, finalized in October 2020 by the Office of the Comptroller of the Currency (OCC), allows national banks to use their charters to help predatory lenders get around state laws that protect borrowers from exorbitant interest rates.
Fair housing is a civil right protected by the Fair Housing Act (FHA). And yet, housing discrimination and segregation still persist, causing long-term societal effects in America. Segregation and discrimination in housing harm people’s health, their ability to accumulate wealth and the environment.
Understanding the distinct consumer needs of different consumer segments is fundamental to engaging with individuals who experience financial vulnerability and stigma as they approach a post-pandemic financial recovery. Organizations can help to play an important role in supporting customers with their personal financial recovery.