Analysis and points of view on research, trends, issues, ideas and opportunities.
if the Community Reinvestment Act (CRA) remains confined to banks, our nation’s underserved neighborhoods will have a harder time revitalizing. Banks are one part of the total financial industry and a shrinking part at that.
Expanding CRA to Non-Bank Lenders and Insurance Companies Read More »
LGBTQ+ Americans are less likely to own their homes when compared to their straight, cisgender counterparts, and they are more likely to experience financial hardship.
Lending Discrimination Faced by Same-Sex Couples in the Mortgage Arena Read More »
An antidote to discrimination, the Community Reinvestment Act says banks have an affirmative obligation to serve all communities. It’s time to extend that obligation to all of the financial sector, including insurance, securities and non-bank mortgage lenders.
NCRC continues to advocate for the inclusion of people and communities of color on CRA exams to address continued racial discrepancies in lending.
Last week, the National Community Reinvestment Coalition (NCRC) joined with the Center for Responsible Lending (CRL) and the National Consumer Law Center (NCLC) to file an amicus brief in the Office of Comptroller of the Currency (OCC)’s appeal in Lacewell v. OCC in the federal Second Circuit Court of Appeals.
NCRC, Two Other Advocacy Groups, File Joint Amicus Brief in Lacewell v. OCC Read More »
The Department of Housing and Urban Development (HUD) recently issued a proposal to change the Equal Access Rule in ways that could encourage discrimination against individuals who are transgender and/or nonbinary.
HUD’s Proposed Rule Enables Discrimination Against Transgender People Read More »
For many universities and their students, COVID-19 created new problems and exacerbated existing vulnerabilities.
Amid Funding Threats and Coronavirus, Minority College Students Face Many Concerns Read More »
Immigrants play a central role in the U.S. economy, especially as essential workers and workers in industries hardest hit by the pandemic’s economic impact.
US Immigrants Face Unique Challenges During the Pandemic Read More »
For African Americans to own a share of the wealth proportionate to their 13% of the population, they’d require another $10 trillion of wealth.
African Americans Are Missing Ten Trillion Dollars of Wealth Read More »
Those experiencing homelessness are especially vulnerable to getting sick due to previous health conditions and lack of access to general wellness care.
Homelessness During COVID and Beyond Read More »
The SBA didn’t require demographic data and most PPP applications didn’t include it.
Government data on PPP loans is mostly worthless, but it’s not too late to fix it Read More »
In the coming weeks, we expect the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to propose a rule for the “true lender” doctrine, an act that will have a negative impact on the ability of states to protect their residents from high-cost lending.
Federal Regulators Should Refrain From Making a True Lender Rule Read More »
Local businesses are devastated and state agencies overwhelmed as people stay at home to preserve their health and apply for government assistance to maintain financial solvency. An unexpected side effect of this was a simultaneous increase in consumer complaints filed with the Consumer Finance Protection Bureau (CFPB).
COVID-19 and the CFPB Consumer Complaint Database Read More »
Most people are aware of the ongoing economic inequality suffered by the majority of Americans and disproportionately for African Americans. African Americans’ net wealth in the U.S. is 1/10 of that of their fellow White citizens. The COVID–19 virus, the current economic recession and national protests have made many of us think deeper about whether
Are All Americans Equal? Read More »
Corporations across the country are pledging action and millions of dollars of investment into “racial justice” causes, yet there has been very little movement in one of the easiest areas to make advancement: racial and ethnic representation and procurement by corporations.
Advancing Corporate Commitment to Racial Economic Justice Read More »
