Cleveland’s largest hometown bank may be setting the new standard for community investments among the country’s large financial institutions. It was also the largest promise made by a bank as a percentage of its collective asset base, according to the nonprofit National Community Reinvestment Coalition.
Crain’s Cleveland Business: KeyBank raises the bar for community investment Read More »
NBC News, May 22, 2019: Harriet Tubman $20 bill no longer coming in 2020, Mnuchin says The redesign of the $20 bill featuring Harriet Tubman will no longer be unveiled in 2020, Treasury Secretary Steven Mnuchin said on Wednesday. The unveiling had been timed to coincide with the 100th anniversary of the 19th amendment, which
Harriet Tubman $20 bill no longer coming in 2020, Mnuchin says Read More »
The New York Times, May 22, 2019: America’s Cities Are Unlivable. Blame Wealthy Liberals. To live in California at this time is to experience every day the cryptic phrase that George W. Bush once used to describe the invasion of Iraq: “Catastrophic success.” The economy here is booming, but no one feels especially good about
America’s cities are unlivable. Blame wealthy liberals. Read More »
As NPQ’s Cyndi Suarez wrote last month, reparations is now on the agenda of the Democratic Party presidential primary. Writing in Truthout, Dedrick Asante-Muhammad and Chuck Collins offer their strategy. Asante-Muhammad is Chief of Equity and Inclusion at the National Community Reinvestment Coalition (NCRC).
May 29 2019 RE: NCRC Comment Letter on Robinhood’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that Robinhood’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 (CRA) and the
NCRC comment letter on Robinhood’s charter application Read More »
Low-income housing (LIH) programs have existed in some form since the early 1900s, but have drawn ire in modern times as an unreliable and often inadequate form of public assistance. One significant reason for this is the strain low-income housing has on both the physical and mental health of its occupants.
Low-income housing: The negative effects on both physical and mental health Read More »
Across the District of Columbia, black natives complain that with each new resident comes increased targeting by law enforcement tasked with keeping their communities safe.
Daily Beast: How gentrification brings over-policing for D.C.’s black residents Read More »
The Wilmington Neighborhood Conservancy Land Bank (Land Bank) has assembled nine properties in the 800 block of W. Ninth St., and is working with the National Community Reinvestment Coalition (NCRC) and JP Morgan Chase on the project.
Delaware Business Times: Rehabbing of homes on crucial downtown corridor under way Read More »
On June 4, Anne Beers Elementary is set to host the 85-year-old former public school teacher and current diversity educator for an experimental masterclass with students, parents, educators and the community. The event’s inspiration originated with parents from the school who wished to lead a conversation about DC’s gentrification over the past two decades.
The previous leadership of the Consumer Financial Protection Bureau (CFPB) recovered over $12 billion in restitution and canceled debts for over 30 million Americans. Under its new leadership, the CFPB has not lived up to that standard.
Value Walk: Consumers first act: Consumer groups applaud house on passage Read More »
Market Watch, May 23, 2019: Four years, $13 million and dozens of hands: how ‘affordable housing’ gets made in America The story of the tenants of 410 Cedar St. isn’t just the story of one Washington, D.C., building; it’s the story of how America creates “affordable housing” — and why it’s so incredibly hard. Washington,
Communities subjected to discriminatory lending and mortgage practices decades ago now have higher rates of asthma, according to new research out Wednesday. These predominately low-income communities and communities of color also suffer from increased exposure to pollutants.
On April 11, 1968, following Martin Luther King Jr’s assassination, Congress passed the Fair Housing Act (FHA) which was designed to secure the right to housing no matter their race, color, national origin, disability, familial status, sex or religion. The FHA protects people from discrimination when they are renting or buying a home, getting a
Unfair housing under the Trump administration Read More »
Today, the U.S. House of Representatives passed the Consumer First Act, a bill introduced last fall by Rep. Maxine Waters (D-California) to protect the Consumer Financial Protection Bureau (CFPB) from efforts by the Trump administration to dismantle it. Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “We applaud
NCRC applauds House’s passage of Consumer First Act Read More »
A previous NCRC analysis found that, overall, a higher percentage of banks made a higher percentage of home loans to low- and moderate-income (LMI) borrowers and communities than non-banks and credit unions. However, access to home loans is only half the battle. We also need to have information on the affordability of loans to get
An examination of high-cost lending by banks, non-banks, credit unions Read More »
