The W.K. Kellogg Foundation has contributed a $1.2 million grant to the National Community Reinvestment Coalition, which will support a three-year investigation of small business lending practices at banks in three US metropolitan areas.
$1.2 million grant to investigate banking discrimination in small business lending Read More »
That the legislation is coming 10 years after the worst credit crunch since the Great Depression has fueled passions around the debate.
Politico: A decade after meltdown, Senate moves to roll back bank rules Read More »
The president’s 2019 budget proposal presents a profoundly troubling vision for our nation’s working class.
How many cuts does it take to kill the middle class? Read More »
Within days of the mass shooting at Marjory Stoneman Douglas High, a group of students had organized to advocate for change.
The New Yorker: How the survivors of Parkland began the never again movement Read More »
A new Gospel of Wealth is needed?—?one that espouses shared prosperity and conceding power, while building a more just society.
BALLE Views: Wealth Inequality and The Fallacies of Impact Investing Read More »
Reveal exposes modern-day redlining is occurring in at least 61 US cities. In Philadelphia, black applicants there were almost three times as likely to be denied a conventional home purchase loan as white applicants. And this discrimination isn’t just a few banks, nearly two-thirds of mortgage lenders are still discriminating against clients of color.
Reveal: For people of color, banks are shutting the door to homeownership Read More »
An analysis of 31 million mortgage records made available under the Home Mortgage Disclosure Act found 61 metro areas across America where people of color were denied conventional home purchase loans at significantly higher rates than whites.
WTOP: Kept out: loophole in law for the poor spurs gentrification Read More »
The Community Reinvestment Act is worth strengthening to fight discrimination.
Bloomberg: Banks still need a nudge to be colorblind Read More »
As regulators look to update the Community Reinvestment Act, they should better integrate online and mobile banking activity as part of exam performance.
American Banker: BankThink digital banking needs to be front and center in CRA reform Read More »
Born as a fiercely independent agency meant to protect citizens, the Consumer Financial Protection Bureau has quickly been subsumed into the Trump administration. Banks, student-loan agencies and payday lenders are the winners.
Propublica: The CFPB’s declaration of dependence Read More »
Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.
Reveal: For people of color, banks are shutting the door to homeownership Read More »
Millions of mortgage records analyzed by Reveal from The Center for Investigative Reporting show that the legacy of redlining persists.
Reveal: How we identified lending disparities in federal mortgage data Read More »
Lawmakers should reject a dangerous bill — scheduled for a House vote this week — that could make it easier for payday lenders to flourish.
Statement for the record from John Taylor, president and CEO, of the National Community Reinvestment Coalition to the House Financial Services Subcommittee on House Financial Services Committee, Subcommittee on Financial Institutions and Consumer Credit January 30, 2018 Chairman Luetkemeyer, Ranking Member Clay, and Distinguished members of the Subcommittee: The National Community Reinvestment Coalition (NCRC) appreciates
NCRC’s congressional testimony on fintech oversight Read More »
Uphams Corner city officials, with the help of the community, are working to acquire properties and revitalize their city.
Boston Globe: How the city plans to beat gentrification in Uphams Corner Read More »
