Healthy Mobility: An Urgent, New Public Transportation Puzzle
Stay-at-home orders caused large decreases in ridership for public transit around the country.
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COVID-19
The Tightening of the Credit Market and the Perpetuation of the Recession
The government’s emergency spending to help businesses stay afloat isn’t enough to save the economy. Businesses need credit to manage day-to-day operations and to grow – and business lending from banks has dried up during the pandemic. If it doesn’t resume quickly, we’ll likely face a long and deep recession.
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OCC Announces Final CRA Rule Changes, Moves Alone, Without FDIC or Federal Reserve
The Office of the Comptroller of the Currency (OCC) announced long-anticipated changes to rules that enforce the Community Reinvestment Act (CRA). The Federal Deposit Insurance Corporation (FDIC) had previously joined the OCC in the rule-making effort, but it did not join in the final rule released today.
OCC Announces Final CRA Rule Changes, Moves Alone, Without FDIC or Federal Reserve Read More »
New HMDA Data Reveals Racial Disparities in Older Adult Lending
NCRC’s new report, Mortgages and Older Adults After COVID-19, used this new information to highlight trends in homebuying, aging in place and use of home equity.
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Racial Health and Economic Disparities are Two Sides of the Same Coin
COVID-19 continues to aggravate deeply embedded inequalities. We need bold policy solutions aimed at bridging the racial wealth divide now more than ever.
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Senate Banking Committee Highlights CRA in Oversight Hearing of Federal Banking Regulators
Members of the Senate Banking Committee today questioned why, in the middle of the COVID-19 crisis, bank regulators are moving forward with proposed changes to the Community Reinvestment Act (CRA) that would cripple COVID-19 recovery efforts in low- and moderate-income communities and communities of color.
Retired or Working, Coronavirus Likely to Doubly Hit Older Americans
COVID-19 is more likely to harm elderly adults. They are also more vulnerable to the economic downturn brought on by the pandemic. In an April data brief, the National Council on Aging (NCOA) studied wealth and income data on adults above the age of 60 throughout the Great Recession. The brief found significant correlations between
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NCRC Urges Senate Committee to Pressure OCC, FDIC to Drop Proposed Changes to CRA
On Tuesday, May 12, 2020, the Senate Committee on Banking, Housing and Urban Affairs is scheduled to conduct a virtual hearing on the oversight of financial regulators, with testimony from Office of the Comptroller of Currency’s (OCC) Comptroller Joseph Otting and Federal Deposit Insurance Corporation Chairman Jelena McWilliams.
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Our Interconnected Health: Part 2
Given the connections between health and other sectors outlined in Part 1, multi-sector community partnerships and cross-sector policy efforts are key – both to addressing the spread of COVID-19 and its far-reaching consequences, as well as to improving the health of individuals and communities more broadly.Â
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Celebrating Older Americans Month During COVID-19
When president John F. Kennedy designated the month of May as the first Older Americans Month in 1963 (originally called Senior Citizens Month), many older adults across the country lived in poverty, which was partly the impetus for the designation. Additionally, the designation sought to bring awareness to the needs and supports for the well-being
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Universities: Don’t leave your students behind
In the wake of the current public health crisis, universities have a responsibility to ensure that every student is housing-secure after losing access to on-campus housing.Â
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Our Interconnected Health: Part 1
COVID-19 has thrown many things we in public health have long been working on into stark relief for a broader audience: the importance of sufficient public health funding; the role of our physical and social surroundings in determining our health; how policies, systems and environments contribute to health inequities; and (perhaps the most visceral realization) how interconnected we all are – as individuals, communities, organizations and sectors – when it comes to health and well-being.Â
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How Will CRA Resources be Targeted to Fight COVID-19?
If the agencies do not clarify who can benefit, bank activities under CRA may not end up focused on low- and moderate-income (LMI) communities, including communities of color devastated by COVID-19. Â
How Will CRA Resources be Targeted to Fight COVID-19? Read More »
CFPB, FHFA Establish New Borrower Protection Program to Respond to COVID-19 Pandemic
This month, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) announced the new Borrower Protection Program that streamlines consumer protection oversight of mortgage servicers through new data and information sharing between the program sponsors as they respond to the coronavirus pandemic.
CFPB, FHFA Establish New Borrower Protection Program to Respond to COVID-19 Pandemic Read More »
Mental Health, Financial Health and Banking During COVID-19
Dealing with the current global pandemic isn’t easy for anyone, but for people with mental illness, who are more likely than others to be poor and struggling financially, it is likely even harder.
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