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The New York Times: It’s Time To End The Quiet Cruelty Of Property Taxes

The New York Times, April 11, 2024, It’s Time To End The Quiet Cruelty Of Property Taxes Property taxes, the lifeblood of local governments and school districts, are among the most powerful and stealthy engines of racism and wealth inequality our nation has ever produced. And while the Biden administration has offered many solutions for […]

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BusinessInsider: Miami Shows How A New Kind Of Gentrification Is Coming To US Cities

BuisnessInsider, April 9, 2024, Miami Shows How A New Kind Of Gentrification Is Coming To US Cities The climate crisis has made living in many of the city’s low-lying waterfront neighborhoods increasingly perilous despite their desirable ocean views and proximity to the beach. Some of the city’s lower-income communities are farther inland and on higher

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HousingWire: The Opportunity Cost Of Modern-Day Redlining

HousingWire, April 9, 2024, The Opportunity Cost Of Modern-Day Redlining Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. Last October, Ameris Bank had to pay $9 million to settle

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Axios Denver: Latest Denver Homeless Encampment Sweep Won’t Come With Housing Options

Axios Denver, April 16, 2024, Latest Denver Homeless Encampment Sweep Won’t Come With Housing Options Denver will clear a homeless encampment Tuesday, but for the first time in six months, it won’t provide direct housing options for people affected. Why it matters: It’s a blow to Mayor Mike Johnston’s homeless strategy, which had guaranteed shelter to people being relocated

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The Garden Island: Capital One To buy Discover For $35 billion

The Garden Island, April 30, 2024, Capital One To Buy Discover For $35 billion Consumer groups are expected to put heavy pressure on the Biden Administration to make sure the deal is good for consumers as well as shareholders. “The deal also poses massive anti-trust concerns, given the vertical integration of Capital One’s credit card

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Black News Portal: Breaking The Cycle: Dismantling Systemic Barriers To Minority Funding Op-Ed By J. Byron Brazier

Black News Portal, April 27, 2024, Breaking The Cycle: Dismantling Systemic Barriers To Minority Funding Op-Ed By J. Byron Brazier Local branches allow entrepreneurs to establish personal, trusting relationships with bankers, and those bonds can be a boon to small-business owners seeking financing. Banks consider “soft information” about business customers’ creditworthiness—qualitative data gathered over the

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American Banker: Climate Change, Stifled Mergers And Other Challenges Facing Banks And Investors

American Banker, April 23, 2024, Climate Change, Stifled Mergers And Other Challenges Facing Banks And Investors Community benefits plans have become commonplace in connection with acquisitions as banks seek to outline to regulators how their deals will satisfy Community Reinvestment Act requirements. Such agreements often include pledges to expand banking services in low- and moderate-income

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NCRC comment on OCC proposed merger policy statement

(Download) April 23, 2024 RE: Docket ID OCC–2023–0017 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to comment on proposed changes to the OCC’s regulations regarding Business Combinations Under the Bank Merger Act. Bank mergers profoundly impact banks’ capacities to serve the convenience and needs of communities. If the

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NCRC’s comment on OCC’s proposed changes to its Freedom of Information Act regulation

(Download) April 22, 2024 RE: Docket ID OCC–2022–0008 To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) appreciates the opportunity to comment regarding availability of information under the Freedom of Information Act (FOIA). NCRC is a network of more than 700 community-based organizations dedicated to creating a nation that not only promises but

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Recap: Highlights From The 2024 Just Economy Conference

From across the nation, 1,200 community development leaders, practitioners, policy makers, industry professionals and NCRC members gathered at the 2024 Just Economy Conference April 3-4 in Washington, DC. They made new connections and shared knowledge on banking mergers, community land trusts,  responsible AI in lending and many other topics. The conference featured news-making appearances on

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Video: Municipal leaders on public-private partnerships

NCRC Just Economy Conference 2024 —  Recorded April 4, 2024 Cincinnati Mayor Aftab Pureval, Houston’s District F City Councilwoman Tiffany Thomas, and Asahi Pompey, Global Head of Corporate Engagement and President of the Goldman Sachs Foundation will share how local policy and elected officials partner with financial and other anchor institutions such as hospitals, higher ed, and

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