The letter was submitted by: CRL, Consumer Federation of America, The Leadership Conference on Civil and Human Rights, NAACP, National Association of Hispanic Real Estate Professionals, National Association for Latino Community Asset Builders, National Association of Real Estate Brokers (NAREB), National CAPACD, National Community Reinvestment Coalition (NCRC), National Community Stabilization Trust, National Fair Housing Alliance, National Housing Conference, National Urban League, and UnidosUS

The National Community Reinvestment Coalition conducted an experiment in which white and Black subjects requested information about loans to help keep their small businesses open during the pandemic. It found that white requesters received favorable treatment—were offered more loan products, and were more likely to be encouraged to apply for them—compared with Black requesters.

“you have to have an area that has very low values on residential real estate, which involves disinvestment and [maybe] abandonment of certain areas,” says Bruce Mitchell, a senior analyst for the National Community Reinvestment Coalition (NCRC).

The central bank’s proposal to overhaul the Community Reinvestment Act differs markedly from the OCC’s regulation in testing, data collection and other areas.

Jason Richardson is research director with the National Community Reinvestment Coalition. They recently released a study conducted with the University of Wisconsin-Milwaukee and the University of Richmond. It analyzed historic redlining maps from communities across the U.S. and compared them with health outcomes in those areas today.What they found was a disturbing pattern.

More than half of Latino families live one crisis away from financial disaster and wouldn’t be able to cover basic expenses for three months in the event of an economic burden, according to the National Community Reinvestment Coalition, a nonprofit targeting discrimination in lending, housing and business practices.

“If we would have had three to four years of data, I bet the disparity in lending to women- and minority-owned businesses would have been narrower,” said Josh Silver, a senior policy adviser at the National Community Reinvestment Coalition. The CFPB is moving forward with this rulemaking after a settlement reached last year with the California Reinvestment Coalition, part of the NCRC network.

People of color have also faced challenges and discrimination in sustaining their small businesses. According to a study by the National Community Reinvestment Coalition, Black applicants who applied for Paycheck Protection Program loans were treated poorly or unfairly compared to their white counterparts.

The National Community Reinvestment Coalition found Black business owners had a tougher time securing loans at banks and faced bias their white counterparts did not, reports The New York Times.

The National Community Reinvestment Coalition took aim at the final rule as an attack by the Trump Administration on the Fair Housing Act, noting that the rule places an “impossible burden” on plaintiffs in disparate impact cases before discovery can even begin.

People living in formerly redlined neighborhoods are more susceptible to having COVID-19 complications, according to a new study by the National Community Reinvestment Coalition.