Yahoo, October 28, 2022, The Power of Partnership: 5 Ways Wells Fargo Is Tapping into The Community to Help Break Systemic Barriers to Financial Wellness What is an initiative without a task force? Wells Fargo launched a task force to bring the community’s voice to the table, offer honest feedback on the bank’s initiatives and […]
CU Collaborate, October 26, 2022, NCRC: ‘Mystery Shopper’ Study Shows Bias in Appraisal Industry Having employed “mystery shoppers” in an investigation, the National Community Reinvestment Coalition reported Tuesday that racial bias continues to plague the home appraisal industry.
CU Collaborate: NCRC: ‘Mystery Shopper’ Study Shows Bias in Appraisal Industry Read More »
Non Profit News, October 26, 2022, How DC Can Leverage the Tenant Right to Purchase to Achieve Housing Justice A 2019 report from the National Community Reinvestment Coalition indicated what many District residents already suspected—namely, that Washington, DC, had the highest percentage of gentrifying neighborhoods of any US city.
The Tennessee Tribune, October 27, 2022, Tests Find Detailed Evidence of Racial Discrimination in Home Appraisals Real estate appraisers inflicted discriminatory treatment on Black homeowners in a pioneering new “mystery-shopper” investigation, the National Community Reinvestment Coalition (NCRC) announced recently.
Ebony, October 26, 2022, Investigation Shows Discriminatory Treatment Of Black Homeowners In Home Appraisals And now an investigation by the National Community Reinvestment Coalition (NCRC) highlights another discriminatory tactic being practiced within the market—home appraisals.
American Banker, November 21, 2022, Credit card demand rises as pandemic boost to consumers’ wallets wanes Consumer demand for credit cards is on the rise — and lenders’ rejection rates are down — even as the mortgage and auto lending sectors show signs of retrenchment. The percentage of U.S. consumers who said they applied for
American Banker: Credit card demand rises as pandemic boost to consumers’ wallets wanes Read More »
The New York Times, November 22, 2022, Is N.Y.’s Child Welfare System Racist? Some of Its Own Workers Say Yes. For decades, Black families have complained that the city’s child welfare agency, the Administration for Children’s Services, is biased against them. It turns out that many of the agency’s own employees agree, according to a
The Washington Post, November 1, 2022, Pandemic led to sharp spike in Black, Asian and Latino homeownership Helped by pandemic-era stimulus programs, Black, Latino and Asian households saw the sharpest increase in homeownership in 2021 since the Great Recession, when all their levels of owning had fallen, according to an analysis of new federal data
NPR, November 28, 2022, Congress considers codifying same-sex marriage after long battle for gay rights This week, the Senate is set to move forward with the Respect for Marriage Act (RMA) to codify same-sex and interracial marriages through federal protections. Dozens of Republicans have voted in support of the bill, including congressional leaders like Sen.
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NPR, November 16, 2022, Homeless veterans in Los Angeles sue the VA over promised housing The group is suing the Department of Veterans Affairs for failing to build affordable housing. The suit claims the VA hasn’t lived up to a 2011 agreement to house veterans.
NPR: Homeless veterans in Los Angeles sue the VA over promised housing Read More »
The New York Times, November 11, 2022, New Measure of Climate’s Toll: Disasters Are Now Common Across U.S. The rising toll of climate change across the United States has been measured in lives lost, buildings destroyed and dollars spent on recovery. But a report released on Wednesday uses a different measure: Which parts of the
The New York Times: New Measure of Climate’s Toll: Disasters Are Now Common Across U.S. Read More »
Nonprofit Quarterly, November 4, 2022, More Than Just A Structure: The Myriad Impacts Of Black Women’s Exclusion From Homeownership A house is far more than a structure. In financial terms, American neoliberal thinking leads us to believe that a house is an investment and potential pathway to wealth. Intrinsically, however, a house is a home
Part One of a four-part series examining trends in comment letters sent to regulators about pending Community Reinvestment Act reforms.
Arts and culture are an important component of overall quality of life for every person on earth. Access to cultural resources and connections – or the lack thereof – shapes many aspects of our nation’s society. It also influences economic outcomes, as economists who study the role of “human capital” in wealth-building and opportunity creation have identified.
Investing in Culturally-Significant Businesses and Community Growth Read More »
Online Event Archive Recorded November 15, 2022 Persistent racial and gender wealth gaps remain a major obstacle to building financial security for low- and moderate-income (LMI) households in the United States. How can we ensure that the financial system, and opportunities to build wealth, are developed to meet the needs of LMI people? Income alone
Video: Democratizing Wealth Building to Help Close the Racial and Gender Gap Read More »
