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American Banker: After Buying Bank Accused Of Redlining, Cadence Gets Top CRA Score

American Banker, June 8, 2023, After Buying Bank Accused Of Redlining, Cadence Gets Top CRA Score Last year, Cadence and the National Community Reinvestment Coalition announced a five-year, $20.7 billion community benefits plan. The commitment included $11.8 billion of mortgages to homebuyers of color and low- and middle-income borrowers, $6.5 billion of loans to certain small […]

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The American Prospect: Predatory Lending’s Prey Of Color

The American Prospect, June 5, 2023, Predatory Lending’s Prey Of Color MS. LILLIE SHOULD NEVER HAVE BEEN subject to a predatory loan. She worked at a hospital for 14 years, retiring at 65. Her pay was “reasonable.” For the most part, she was supporting herself. Still, she would find herself needing a boost for necessities, like

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The Grio: Vice President Harris Leads New Charge To Address Racial Bias In Home Appraisals

The Grio, June 3, 2023, Vice President Harris Leads New Charge To Address Racial Bias In Home Appraisals Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, said in a public statement that he is particularly hopeful that the plans to diversify the appraisal industry will “cure one of the core issues

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Connecticut Public Radio: Connecticut Reaches Baby Bonds Deal

Connecticut Public Radio, May 24, 2023, Connecticut Reaches Baby Bonds Deal Officials hope the program will help break cycles of generational poverty. It’s on track to begin in July, after being in political limbo for quite some time. This hour, we look at what it will mean for Connecticut residents — and why it took

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Banking Dive: NYC Regulator Halts City Deposits At Capital One, KeyBank

Banking Dive, May 26, 2023, NYC Regulator Halts City Deposits At Capital One, KeyBank The National Community Reinvestment Coalition praised the banking commission for including public comments in the process. “KeyBank and Capital One have atrocious track records of not just under-serving but actively harming the interests of low-wealth communities and people of color,” CEO Jesse Van Tol said in

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Insurance NewsNet: Menendez, Booker Cosponsor New And Improved Family Act In Fight For Universal Paid Leave

Insurance NewsNet, May 28, 2023, Menendez, Booker Cosponsor New And Improved Family Act In Fight For Universal Paid Leave This legislation has been endorsed by nearly 70 national organizations, including: American Muslim Health Professionals, Asset Building Strategies, Campaign for a Family Friendly Economy, Caring Across Generations, Center For Economic And Policy Research, Center for Law and Social Policy (CLASP), Child Welfare

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The Buffalo News: KeyBank CEO Chris Gorman Confident About Financial Footing Despite Industry Turmoil

The Buffalo News, May 23, 2023, KeyBank CEO Chris Gorman Confident About Financial Footing Despite Industry Turmoil The National Community Reinvestment Coalition contends the audit was spurred by pressure from shareholders and the Service Employees International Union Master Trust. Key said it had discussed the possibility of a racial equity audit with a number of

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ACLU District of Columbia: D.C. NATIVE ARTECKA BROWN BRINGS HEALING TO CHOCOLATE CITY

ACLU District of Columbia, May 19, 2023, D.C. NATIVE ARTECKA BROWN BRINGS HEALING TO CHOCOLATE CITY Artecka is one of the residents that ACLU-D.C. and the District recognize on D.C. Natives Day. This holiday celebrates the people and culture that have made D.C. “Chocolate City” since 1957, when D.C. became the first major city in

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Hudson Valley Press: Regulators Told Key Bank Broke $16.5b Promise

Hudson Valley Press, May 17, 2023, Regulators Told Key Bank Broke $16.5b Promise “If you or I break a promise to our bank, they hold us accountable with fees. When a bank breaks promises, the law says there are consequences – and it’s our government’s job to enforce that accountability,” National Community Reinvestment Coalition (NCRC)

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A Maryland CRA Law Would Marshall Considerable Resources for Increasing Racial Equity and Reinvestment

(Download full whitepaper) Key Takeaways: A Maryland CRA law would apply to banks and credit unions with about $46 billion in assets. It would cover mortgage companies that made more than 68,000 loans in three years. The assets and lending activity are considerable resources that should have a CRA obligation for reinvesting in underserved neighborhoods.

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Video: Leveraging ChatGPT to Start, Strengthen, and Grow Your Business

Online Event Archive Recorded June 2, 2023 Watch this session to explore the diverse applications of ChatGPT, an Artificial Intelligence (AI) system. Discover how it can efficiently streamline your business operations and tasks, including but not limited to business plan writing, marketing plan creation, business proposals, and more.   Transcript: NCRC video transcripts are produced

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Continued Wage Growth, But A Possible Warning Sign From Black Workers: Race, Jobs & The Economy Update – May 2023

The Black unemployment rate is sometimes seen as a “canary in the coal mine” for the broader economy. When it begins to rise, it may signal a looming downturn.

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