In this report, NCRC extended our previously published analysis of bank branch closures to look at changes from 2017 through 2020.
Research Brief: Bank Branch Closure Update (2017 – 2020) Read More »
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
Hispanic Mortgage Lending 2019 Analysis Read More »
Minority-owned businesses are vital to economic growth, but discriminatory lending hinders access to credit.
Small Businesses of Color Matter Too Read More »
Even after troubling findings from previous mystery shopper tests were published and in the news, financial institutions continued to create barriers for minorities and women business owners to access PPP loans.
Lending Discrimination During Covid-19: Black and Hispanic Women-Owned Businesses Read More »
The Trump Administration has attacked one of the most vital pieces of civil rights legislation, the Fair Housing Act, on multiple fronts in the last several weeks. They gutted the Affirmatively Furthering Fair Housing rule that enforces fairness in housing. Now, they are effectively eliminating the disparate impact standard in fair housing cases.
NCRC Condemns HUD’s Disparate Impact Rule Read More »
LGBTQ+ Americans are less likely to own their homes when compared to their straight, cisgender counterparts, and they are more likely to experience financial hardship.Â
Lending Discrimination Faced by Same-Sex Couples in the Mortgage Arena Read More »
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.
The Tightening of the Credit Market and the Perpetuation of the Recession Read More »
The practice of restricting neighborhoods to certain races or incomes was a significant part of America’s segregated past. Discrimination in lending and housing is generally less overt than it used to be, but it’s still a problem.
NCRC Civil Rights Testing Finds Discriminatory Practices in Housing Read More »
The National Community Reinvestment Coalition (NCRC) has hired Dedrick Asante-Muhammad as Chief of Equity and Inclusion.
NCRC hires new chief of equity and inclusion Read More »
A top federal bank regulator has floated no longer enforcing lending rules for the poor based on the locations of a bank’s physical branches, a change likely to be opposed by NCRC and other community groups.
Wall Street Journal: Shake-up considered on how banks lend to the poor Read More »
The new branch locations will increase housing accessibility for low-income neighborhoods, according to Jesse Meisenhelter, spokesperson of NCRC.
The Hoya: JPMorgan Chase set to increase philanthropic investments in DC area Read More »
Decades of banking bias have left many unfairly cut out of home ownership, local and national reports show, but one national organization is partnering with a Chattanooga grassroots nonprofit organization to combat the inequity one bank at a time.
The Federal Reserve may change decades-old rules that require banks to lend to low-income borrowers as part of a broader effort to revise a range of banking regulations, the U.S. central bank’s head of regulation and supervision said on Monday.
Reuters: Federal reserve may review rules on lending to the poor Read More »
Bill would weaken the government’s ability to enforce fair lending requirements, making it harder to root out predatory lenders.
In a final indignity, Sen. Tim Kaine, D-Va., has offered a fair lending amendment, while acknowledging that the amendment probably wouldn’t get a vote
