NCRC Applauds Senate Confirmation of Janet Yellen as Chair of the Federal Reserve

Washington, DC – Today, in reaction to the Senate’s confirmation of Janet Yellen as Chair of the Federal Reserve, the National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement:

“We applaud the confirmation of Janet Yellen as Chair of the Federal Reserve. Not only has she shown a strong commitment to a stable and free market, she has worked to ensure our system of capitalism is democratic and fair.  Under her leadership, working-class Americans climbing their way up the economic ladder will have greater access to credit and financial services. As she will be the first woman to chair the Fed, we would also like to acknowledge and celebrate the historic occasion of her confirmation.”

In October 2013, NCRC applauded the nomination of Janet Yellen and called for her swift confirmation.

About the National Community Reinvestment Coalition (NCRC):

The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development and vibrant communities for America’s working families.

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Redlining and Neighborhood Health

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.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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