Yahoo Finance, March 13, 2023, Digital Banking Trends In 2023 Between 2017 and 2021, 9% of all branch locations closed down, a loss of around 7,500 branches, according to the nonprofit National Community Reinvestment Coalition (NCRC). A third of those closures were in low- to moderate-income or historically marginalized neighborhoods. Many of these closures were […]
Yahoo Finance: Digital Banking Trends In 2023 Read More »
MPA, March 13, 2023, Efforts To Reach Historically Neglected Segments Grow The quest to expand credit into historically neglected segments has been heightened in the last couple of years, with a growing list of initiatives emerging to fulfill the mission. Efforts on several fronts are underway to help expand the American Dream of homeownership to
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Brookings, March 10, 2023, Forum On The future Of The Federal Home Loan Bank System Nearly a century ago, Congress created the Federal Home Loan Bank system (FHLBs) to promote home ownership and provide liquidity to thrifts (savings and loans) and insurance companies that primarily provided mortgages at that time. Today’s financial system is radically
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CNBC, March 8, 2023, Biden Wants To Kill Junk Fees — Here’s What Could Change And How You Can Minimize Fees Right Now Nobody enjoys paying fees, but we mostly accept them as an unavoidable part of life. Some bills, however, are beyond the pale and have become targets for new government restrictions. But you
Senate.Gov, March 7, 2023, Cardin, Young Introduce Tax Credit To Encourage Revitalization Ff Distressed Homes Nationwide By Filling The Cost Gap U.S. Senators Ben Cardin and Todd Young have introduced legislation to revitalize housing in distressed neighborhoods in Maryland, Indiana and nationwide. Currently, private development lacks in some urban and rural areas because the cost
WBRC, March 9, 2023, City Of Birmingham, Partners Unveil New Affordable Housing In Woodlawn The City of Birmingham is living up to its promise to provide affordable homes throughout city. The first of three newly constructed homes in Woodlawn were unveiled at a ribbon-cutting ceremony Thursday morning. City leaders teamed up with GROWTH by NCRC
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This is part of a series of profiles showcasing the talented entrepreneurs of NCRC’s DC Women’s Business Center. Nicole’s Kitchen is a women-owned business started by Nicole Flint that sells fresh baked treats to the DMV area.
DCWBC Entrepreneur Profile Read More »
NCRC will administer Illinois’ new Back to Business grant program for restaurant, hospitality and creative arts businesses around the state.
A critical set of affordable housing policy tools is getting restored. Here’s what NCRC President & CEO Jesse Van Tol had to say about the news:
NCRC Statement On Release Of HUD’s Disparate Impact Rule Read More »
The latest monthly jobs report from the Bureau of Labor Statistics (BLS) provides important insights into the current state of the US labor market. In February 2023, there was an increase of 311,000 new jobs.
Race, Jobs & The Economy Read More »
How To Protect Depositors from Bank Failures? Prevent Banks from Taking Big Risks While it would be appealing to have a clear, singular villain to blame, it took many actors and decisions to set up the conditions that led to three bank failures in the last few weeks. Banks, regulators, depositors and politicians all played a role.
The Simplest Lessons From SVB: Weakened Rules, Too Much Risk Read More »
It’s all too easy to overlook the humanity of our colleagues when we are focused on our work. In honor of Women’s History Month, I’d like to highlight a few of the extraordinary women I have the privilege of working alongside at NCRC.
Leading the Way: Celebrating the Women of NCRC Read More »
Birmingham Daily Journal, March 10, 2023, 16 New Homes Continue Revitalization in Birmingham’s Woodlawn Community On Thursday, Birmingham City Councilor J.T. Moore helped cut the ribbon for the first three of 16 new affordable homes coming to the Woodlawn community in Birmingham’s East Side. “As I stand here, it’s a full circle moment for me
The Washington Post, March 9, 2023, ‘Greenlining’ Heals The Historic Injustice Of Redlining The United States faces an enormous housing shortage and pricing crisis. If we want any semblance of equity in our cities, we must address this urgent need for more affordable housing, while mitigating the alienation and displacement produced by gentrification. As a
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S&P Global, March 8, 2023, TD-First Horizon Back At Negotiating Table As Deal Hangs In Regulatory Purgatory Toronto-Dominion Bank is unsure when it will close its acquisition of First Horizon Corp., leaving the companies negotiating again just weeks after extending their merger agreement. At the beginning of February, TD and First Horizon agreed to extend
