By NCRC
/ August 1, 2007 October 23, 2017 / NCRC Videos / 1 minute of reading
On July 25th, NCRC’s Sylvia Lake interviewed Rep. Mel Watt (D-NC) about strengthening the Community Reinvestment Act and the need for a strong national anti-predatory lending bill.
Before the pandemic devastated minority communities, banks and government officials starved them of capital.
Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.