The government’s emergency spending to help businesses stay afloat isn’t enough to save the economy. Businesses need credit to manage day-to-day operations and to grow – and business lending from banks has dried up during the pandemic. If it doesn’t resume quickly, we’ll likely face a long and deep recession.
The Tightening of the Credit Market and the Perpetuation of the Recession Read More »
The Office of the Comptroller of the Currency (OCC) announced long-anticipated changes to rules that enforce the Community Reinvestment Act (CRA). The Federal Deposit Insurance Corporation (FDIC) had previously joined the OCC in the rule-making effort, but it did not join in the final rule released today.
OCC Announces Final CRA Rule Changes, Moves Alone, Without FDIC or Federal Reserve Read More »
Demystifying blanket assumptions regarding the economic status of Asian Americans is key in understanding the large disparities that live within the group, and can help reduce intra-group inequalities.
The Economic Reality of Asian Americans, Including Intragroup Differences Read More »
NCRC’s new report, Mortgages and Older Adults After COVID-19, used this new information to highlight trends in homebuying, aging in place and use of home equity.
New HMDA Data Reveals Racial Disparities in Older Adult Lending Read More »
Download Infographic Introduction Asian Americans are the fastest growing racial group in the United States, and are predicted to be the nation’s largest immigrant group in 50 years.[1] Asian American is a racial category that includes Americans who are from or whose relatives are from a diverse group of countries: China, Korea, Japan, India, Pakistan,
Racial Wealth Snapshot: Asian Americans and the Racial Wealth Divide Read More »
COVID-19 continues to aggravate deeply embedded inequalities. We need bold policy solutions aimed at bridging the racial wealth divide now more than ever.
Racial Health and Economic Disparities are Two Sides of the Same Coin Read More »
Members of the Senate Banking Committee today questioned why, in the middle of the COVID-19 crisis, bank regulators are moving forward with proposed changes to the Community Reinvestment Act (CRA) that would cripple COVID-19 recovery efforts in low- and moderate-income communities and communities of color.
COVID-19 is more likely to harm elderly adults. They are also more vulnerable to the economic downturn brought on by the pandemic. In an April data brief, the National Council on Aging (NCOA) studied wealth and income data on adults above the age of 60 throughout the Great Recession. The brief found significant correlations between
Retired or Working, Coronavirus Likely to Doubly Hit Older Americans Read More »
On Tuesday, May 12, 2020, the Senate Committee on Banking, Housing and Urban Affairs is scheduled to conduct a virtual hearing on the oversight of financial regulators, with testimony from Office of the Comptroller of Currency’s (OCC) Comptroller Joseph Otting and Federal Deposit Insurance Corporation Chairman Jelena McWilliams.
NCRC Urges Senate Committee to Pressure OCC, FDIC to Drop Proposed Changes to CRA Read More »
Key Findings 30% of mortgages in 2018 went to older adults. 67% of older adults who took out mortgages were refinancing their homes and 68% of those used the mortgage to access the equity in their homes. Older borrowers were Whiter than younger borrowers. As with younger borrowers, there are racial disparities in interest rates
Mortgages and Older Adults after COVID-19 Read More »
Participatory budgeting (PB) is a democratic process in which community members decide together how to spend part of a public budget.
How Participatory Budgeting can create affordable housing and a just economy Read More »
“The last foreclosure crisis was a slow-moving train; the impact in terms of people was over the course of several years,” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a research and advocacy coalition of 600 community organizations. “Whereas the current moment, it’s all happening pretty quickly, 25 million, 30 million unemployed in a manner of a few weeks.”
Given the connections between health and other sectors outlined in Part 1, multi-sector community partnerships and cross-sector policy efforts are key – both to addressing the spread of COVID-19 and its far-reaching consequences, as well as to improving the health of individuals and communities more broadly.
Our Interconnected Health: Part 2 Read More »
When president John F. Kennedy designated the month of May as the first Older Americans Month in 1963 (originally called Senior Citizens Month), many older adults across the country lived in poverty, which was partly the impetus for the designation. Additionally, the designation sought to bring awareness to the needs and supports for the well-being
Celebrating Older Americans Month During COVID-19 Read More »
There is no excerpt because this is a protected post.
Protected: NCRC Member Town Hall Read More »
