Washington, DC – The National Community Reinvestment Coalition (NCRC) is pleased to announce it has been awarded a generous grant from the Surdna Foundation to develop an education and advocacy campaign publicizing the best approaches for gathering and sharing enhanced data on small business lending. Enhanced data collection, in particular of data on the race and gender of loan applicants, is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act in order to increase access to small business loans for traditionally underserved communities.
“We thank the Surdna Foundation for their generosity and help in working to achieve our mutual goals of sustainable local economies and diversity in business,” said NCRC’s President and CEO John Taylor. “This funding will allow us to promote policy recommendations that support responsible lending to women- and minority-owned small businesses.”
The grant will enable NCRC to assemble a panel of experts, practitioners and constituents to write white papers explaining why the enhanced data collection is needed and providing policy recommendations on the appropriate data needed to influence small business lending. NCRC will then encourage the Consumer Financial Protection Bureau to include these recommendations in future data-reporting requirements.
Those interested in participating in the panel are encouraged to contact Josh Silver, NCRC’s Vice President of Research and Policy, at jsilver@ncrc.org or (202) 464-2708.
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.
