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fair lending

NCRC Video: Fair Lending Tool

Online Event Archive Recorded April 5, 2022 Learn how you can use this powerful tool, available for free to all NCRC members, to produce a report on mortgages, small business lending and bank branch networks for any city, county or metro area in the nation.   NCRC’s Director of Research Jason Richardson will walk us …

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NCRC Submits Comment on Artificial Intelligence

The National Community Reinvestment Coalition (NCRC) submitted a detailed comment letter to five federal agencies yesterday, outlining how consumers should be protected when lenders use artificial intelligence (AI) and machine learning (ML) to underwrite loans. 

Black Business featured

Black Entrepreneurship’s Lethal Pre-Existing Condition: The Racial Wealth Divide During the COVID Crisis

Black America was in an economic crisis before COVID-19, and recovery for Black-owned businesses will require solutions to the economic preconditions that made success and wealth accumulation so difficult to achieve before the pandemic, a new report found.

Business loan image

Relationships Matter: Small Business and Bank Branch Locations

Relationships Matter: Small Business and Bank Branch Locations — Key Takeaways The number of banks and bank branches has declined significantly since 2009. Local branches are still crucial to small business lending. Small business lending is increasingly dominated by the largest lending institutions. Smaller institutions are disappearing as they merge or are bought out by …

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NCRC applauds CFPB for landmark action to prevent lending discrimination based on gender identity and sexual orientation

Today, the Consumer Financial Protection Bureau (CFPB) announced that the principles from the landmark U.S. Supreme Court case Bostock v. Clayton County that provide protection against discrimination based on sexual orientation or gender identity also apply to the Equal Credit Opportunity Act (ECOA).

NCRC receives $1 million from W.K. Kellogg Foundation to support data transparency, research and private sector training to expand racial equity in small business lending

The National Community Reinvestment Coalition (NCRC) has been awarded $1 million from the W.K. Kellogg Foundation to support racial equity research and training for lenders to expand access to credit and capital for small businesses owned by people of color. 

Change is on the way, but it won’t be easy

Donald Trump’s victory four years ago was unimaginable to many, and an emotional blow that only got worse over time. Until now. The post election drama is mostly over. The Electoral College is done. We finally know: Joe Biden will be the 46th president, and Kamala Harris will be many firsts as vice president: Black, South Asian, woman, mom.

Lending

Hispanic Mortgage Lending 2019 Analysis

The report revealed dramatic differences in the costs and lending patterns for different subgroups of Hispanic borrowers, such as Cuban, Mexican and Puerto Rican borrowers. It also found that most Latino borrowers get their mortgages from non-bank mortgage companies and not from banks