NCRC Statement on the Confirmation of Steve Mnuchin as Treasury Secretary

Washington, DC – Today, in response to the confirmation of Steve Mnuchin as Secretary of the U.S. Department of the Treasury, NCRC President and CEO John Taylor made the following statement:

“As Treasury Secretary, Mr. Mnuchin will have the opportunity to shape economic policies to promote fair access to financial services for all Americans, including low- and moderate-income communities and communities of color. 

“NCRC looks forward to meeting with Secretary Mnuchin to discuss how our system of finance can better serve those working their way up the economic ladder. Secretary Mnuchin can have a widespread impact on average Americans’ ability to access mortgages and other forms of credit. Finally, Secretary Mnuchin will play a great role in protecting consumers from the kind of unscrupulous lending practices that led to the foreclosure crisis and widespread loss of wealth for blue-collar Americans. We look forward to working with him.”

In November of 2016, NCRC released a statement on Steve Mnuchin’s nomination as Treasury Secretary.

     ###

About NCRC:
NCRC and its grassroots member organizations create opportunities for people to build wealth. We work with community leaders, policymakers and financial institutions to champion fairness in banking, housing and business development.

Print Friendly, PDF & Email

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

Complete the form to download the full report: