The New York Times: In philanthropy, race is still a factor in who gets what, study shows
Nonprofit groups led by black and Latino directors lag behind peers with white leaders, but two leading philanthropic organizations hope to change that.
Nonprofit groups led by black and Latino directors lag behind peers with white leaders, but two leading philanthropic organizations hope to change that.
“Combine that with the increasing income segregation that we’re seeing, and you have a picture of an economic opportunity crisis that was bad while the tape was playing. Now the tape has run out, and it’s poised to get significantly worse,” he added.
Axios: Coronavirus crisis expected to drag neighborhoods deeper into poverty Read More »
Some lenders and landlords signed a nonbinding declaration. Critics say such moves aren’t enough.
Crain’s Chicago Business: Banks Pledge COVID Housing Relief Chicago Read More »
On May 1st, frontline workers at some of the biggest corporations in the country will lead a mass strike action, asking customers to boycott Amazon, Instacart, Whole Foods, and Target.
Vice: Amazon, Whole Foods, Instacart Workers Organize a Historic Mass Strike Read More »
Department stores still represent about 60% of the anchor space within malls today, according to Green Street Advisors. Green Street is forecasting more than half of the department stores anchoring America’s malls are going to close permanently by the end of next year.
The Trump administration blew $349 billion in small-business pandemic aid in four weeks, less time than it took for me to grow out my quarantine beard. That is nothing to be proud of, but President Trump still took his victory lap on Tuesday, boasting about breaking speed records for loans like it was an Olympic sport.
Rolling Stone: America Is Living Paycheck to Paycheck – On Purpose Read More »
It’s a Philadelphia story as old as Ben Franklin — with a coronavirus twist.When he came to Philadelphia 20 years ago, Diego Vivas went door to door, passing out pizza shop ad flyers to earn his bread.
A campaign dubbed Our Homes, Our Health is pressuring lawmakers to suspend rent and mortgage payments nationwide during the coronavirus crisis.
City Lab: ‘Cancel the Rent’ Could Be Just the Beginning Read More »
Silver and others said more targeted CRA investments can have a bigger impact in the middle of a crisis.
Recessions are always racist. This one could be catastrophic.
Vox: The Near-Certainty of a Black Depression Read More »
The Consumer Finance Protection Bureau (CFPB) included a number of new datapoints in the 2018 release of the Home Mortgage Disclosure Act Data (HMDA), which came out in September 2019.
Limiting Interest Rate and Rate Spread Outliers in HMDA Data Read More »
(Download) May 21, 2019 RE: NCRC Comment Letter on Monzo’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that Monzo’s charter application has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required by the Community Reinvestment Act and the
NCRC Comment Letter on Monzo’s Charter Application Read More »
A group of 18 civil rights, consumer protection and industry leaders issued the following joint statement: Today, the Office of the Comptroller of the Currency (OCC) announced long-anticipated changes to rules that enforce the Community Reinvestment Act (CRA). The Federal Reserve Board decided not to join the proposed rule and has offered alternative approaches. The
Joint Statement On CRA Rule Changes From OCC Read More »
The Office of the Comptroller of the Currency’s (OCC) final Community Reinvestment Act (CRA) rule released on May 20 would lessen the public accountability of banks to their communities by enacting performance measures on CRA exams that would be complex and opaque while at the same time over-simplifying how to measure bank’s responsiveness to local needs.
Summary Fact Sheet on the OCC’s Final CRA Rule Read More »
The National Community Reinstatement Coalition (NCRC), the California Reinvestment Coalition (CRC) and legal oversight group Democracy Forward announced today they intend to sue the Office of the Comptroller of the Currency (OCC) for unlawfully gutting the Community Reinvestment Act (CRA).
Community Orgs to Trump Administration on CRA Rule: “We’ll See You In Court” Read More »