NCRC CEO John Taylor discusses his testmony before the House Financial Services Subcommittee about how banks collect HMDA data, and why that data collection is important and should be enhanced. Also in the video Rep Mel Watt (D-NC)
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.
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