The New York Times, September 24, 2022, E.P.A. Will Make Racial Equality A Bigger Factor In Environmental Rules The Environmental Protection Agency will establish a new national office of environmental justice, the Biden administration’s latest effort to rectify the disproportionate harm caused by pollution and climate change in communities of color and in low-income cities, […]
The New York Times, September 25, 2022, Whatever Happened To The Starter Home? The nation has a deepening shortage of housing. But, more specifically, there isn’t enough of this housing: small, no-frills homes that would give a family new to the country or a young couple with student debt a foothold to build equity.
The New York Times: Whatever Happened To The Starter Home? Read More »
Bankrate, September 28, 2022, Digital banking in 2022: Trends and statistics Between 2017 and 2021, 9 percent of all branch locations closed down, a loss of around 7,500 branches, according to the nonprofit National Community Reinvestment Coalition(NCRC). Many of these closures were propelled by the COVID-19 pandemic, during which the rate of branch closures doubled.
Bankrate: Digital banking in 2022: Trends and statistics Read More »
S&P Global, September 28, 2022, Rare condition in CBTX-Allegiance deal approval signals increased scrutiny ahead “There is a chance that the regulators would’ve caught this on their own and put in the condition either way,” Kevin Hill, Community Reinvestment Act manager at the National Community Reinvestment Coalition, said in an interview.
War History Online, September 23, 2022, Adrian Cronauer: The Charismatic Inspiration for ‘Good Morning, Vietnam’ Shockingly, in October 2014, complaints were filed against Cronauer and his law office, alleging the former DJ was involved in mortgage scams. According to the National Community Reinvestment Coalition (NCRC), he’d engaged in the scams while making it appear as
Smart Cities Dive, September 27, 2022, Austin, other US cities look to combat legacies of housing discrimination The NCRC is also watching federal efforts to update the Community Reinvestment Act, a 1977 law to curb discriminatory credit practices in low-income neighborhoods. The group wants the CRA’s enforcement mechanisms to more explicitly account for race.
National Mortgage News, September 26, 2022, Upstart says it’s improving AI models after report finds race approval disparities Upstart is part of a new organization called MoreThanFair focused on using technology to make lending more inclusive, while ensuring that AI models are “properly supervised and rigorously tested,” according to its website. The group, which launched this month,
Greater Greater Washington, September 26, 2022, Events: GGWash’s Fall Mixer is happening this Wednesday. Come join us! Join the National Community Reinvestment Coalition (NCRC) in this informative online event at 1:00 pm on September 29. They will provide critical information on the definition and application of the social determinants of health (SDOH) and how they can
‘Lobbyists think their clients have a right to discriminate. I am astounded that the banks that make up the ABA and the CBA want their name attached to this.’
NCRC Statement On Bank Lobbyists’ Lawsuit To Preserve Banking Discrimination Read More »
Here’s how you can help support Just Economy organizations in surviving and rebuilding from Hurricane Ian.
How to support NCRC members in the path of Hurricane Ian Read More »
A federal judge has sided with community groups to restore key mortgage lending transparency requirements after NCRC and others sued the CFPB in 2020.
Federal Court Throws Out Trump-Era Anti-Transparency Rule For Mortgage Lenders Read More »
The New York Times, September 20, 2022, Billionaire No More: Patagonia Founder Gives Away The Company A half century after founding the outdoor apparel maker Patagonia, Yvon Chouinard, the eccentric rock climber who became a reluctant billionaire with his unconventional spin on capitalism, has given the company away. Rather than selling the company or taking
The New York Times: Billionaire No More: Patagonia Founder Gives Away The Company Read More »
The Guardian, September 20, 2022, World Bank Warns Higher Interest Rates Could Trigger Global Recession The world may be edging toward a global recession as central banks simultaneously raise interest rates to combat persistent inflation, the World Bank has warned. The three largest economies, – the US, China and the eurozone – have been slowing sharply, and even a
The Guardian: World Bank Warns Higher Interest Rates Could Trigger Global Recession Read More »
The New York Times, September 20, 2022, ‘A Crisis Coming’: The Twin Threats to American Democracy World War II and the Cold War presented threats from global totalitarian movements. The 1960s and ’70s were marred by assassinations, riots, a losing war and a disgraced president. These earlier periods were each more alarming in some ways
The New York Times: ‘A Crisis Coming’: The Twin Threats To American Democracy Read More »
NPR, September 20, 2022, High Rents Outpace Federal Disability Payments, Leaving Many Homeless After two months of sleeping in the Salvation Army Center of Hope homeless shelter in Charlotte, N.C., Margaret Davis has had no luck finding an apartment she can afford. The 55-year-old grandmother receives about $750 a month from the federal government. She’s
NPR: High Rents Outpace Federal Disability Payments, Leaving Many Homeless Read More »
