Some new research from National Coalition for Community Reinvestment (NCRC) appears to validate some of the fears of many loan advocates amid coronavirus-related recovery efforts: inequality in access to useful banking services.
Underserved small businesses — primarily Black, Latinx, Asians and women-owned, who already face significant challenges accessing responsible capital — will have an even bigger struggle to access capital to help them weather the storm that is COVID-19.
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In the past decade, Black women in the US have been setting up their own businesses at a historically fast rate. In Newark, too.
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The National Community Reinvestment Coalition, a nonprofit based in Washington, D.C., conducted a “mystery shopper” study between April and late May and found white borrowers were given far better treatment and leniency at 13 out of 17 banks.
U.S. Magistrate Judge Kandis Westmore wrote on Friday that the National Community Reinvestment Coalition (NCRC) and another group had standing to challenge the regulations that changed how banks can comply with the Community Reinvestment Act, agreeing that the rule would harm community lending advocates.
Reuters: OCC must face lawsuit over relaxed anti-discrimination rule Read More »
(Download) February 2, 2021 RE: NCRC Comments on Docket ID OCC 2020–0025, Community Reinvestment Act regulations, methodology for determining thresholds on general performance standards To Whom it May Concern: The National Community Reinvestment Coalition, an association of community-based organizations dedicated to increasing lending and investing in underserved communities, opposes the Office of the Comptroller of
NCRC comment on OCC scoring methodology Read More »
NCRC surveyed 938 small business owners across nine metropolitan areas from October 23, 2020, to December 29, 2020. The purpose of the survey was to determine whether small business owners explored other options, such as lease and loan modifications to save their businesses, and if so, did they access them.
More evidence of inequity in access to bank services to help small businesses survive the pandemic.
Are Loan Modifications For Small Businesses a Possibility in the COVID-19 Pandemic? Read More »
As a member and supporter, you’ll gain immediate access to the Just Economy Forum, our online community where you can exchange ideas and network with other members committed to economic justice. You’ll also gain access to members-only research tools and content on NCRC’s Member Hub, and to member discounts for the annual Just Economy Conference and other events and training.
Join our newly created individual membership platform; the Just Economy Club Read More »
“The harm caused by the Trump Administration’s unlawful evisceration of anti-redlining rules is real and urgent. We are pleased the court rejected the Trump Administration’s shameful attempt to evade accountability for gutting a crucial anti-redlining law. We will continue to press forward in our case to protect marginalized communities and return the protections of the Community Reinvestment Act from the Trump Administration’s continued unlawful grip.”
The NCRC Housing Rehab Fund, LLC (NCRC HRF) announced today completion of phase one of the Franklin County affordable housing initiative designed to increase home ownership for low- and moderate-income Ohio residents.
For instructions and NCRC’s sample comment letters, please visit:
www.ncrc.org/TreasureCRA
Submit a CRA comment to the Federal Reserve Read More »
We’re inviting you now: what conversations do you want to lead? What new ideas can you bring to the table to help us imagine and create a just economy?
Call for Submissions: Speak at the 2021 Just Economy Conference Read More »
There have been significant updates to the federal response to COVID-19 which have far reaching implications for your community and your work. To help unpack and take a closer look at all the information, NCRC hosted a deep dive with speakers from the U.S. Small Business Administration (SBA), Federal Housing Administration (FHA), Fannie Mae and
COVID-19: Webinar on Small Business & Housing Relief Updates Read More »
Today, the National Community Reinvestment Coalition (NCRC) launched a new online forum for members to communicate with each other, and a new online hub to access members-only research, resources and content.
NCRC launches online forum and content hub for members Read More »
