Homelessness During COVID and Beyond
Those experiencing homelessness are especially vulnerable to getting sick due to previous health conditions and lack of access to general wellness care.
Homelessness During COVID and Beyond Read More »
Feature
NCRC Dismayed by OCC’s Intention to Establish a True Lender Standard
Today, the Office of the Comptroller of the Currency (OCC) announced a proposed rule on the true lender doctrine. Under the proposal, a bank is considered to be the “true lender” if it is named as the lender or if it funds the loan.
NCRC Dismayed by OCC’s Intention to Establish a True Lender Standard Read More »
NCRC mourns the loss of John Lewis
Thank you for your dedication and persistence. Thank you for your leadership. May you rest in power.
NCRC mourns the loss of John Lewis Read More »
Despite gaping holes in government data, tests show PPP borrowers faced discrimination
An NCRC study that used testers who talked directly with banks about loans to help their small businesses stay open during the coronavirus pandemic found that White applicants were treated better than Black applicants
Despite gaping holes in government data, tests show PPP borrowers faced discrimination Read More »
Federal Regulators Should Refrain From Making a True Lender Rule
In the coming weeks, we expect the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to propose a rule for the “true lender” doctrine, an act that will have a negative impact on the ability of states to protect their residents from high-cost lending.
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COVID-19 and the CFPB Consumer Complaint Database
Local businesses are devastated and state agencies overwhelmed as people stay at home to preserve their health and apply for government assistance to maintain financial solvency. An unexpected side effect of this was a simultaneous increase in consumer complaints filed with the Consumer Finance Protection Bureau (CFPB).
COVID-19 and the CFPB Consumer Complaint Database Read More »
A new approach to bank ratings would generate billions more for neighborhoods reeling from the pandemic
This white paper describes NCRC’s suggested rating system and discusses our forecasts of increased dollars for LMI neighborhoods.
NCRC condemns CFPB move to gut payday loan restrictions
Today, the Consumer Financial Protection Bureau (CFPB) issued a small-dollar loan final rule that will strip away protections that had been the hallmark of the original 2017 rule.
NCRC condemns CFPB move to gut payday loan restrictions Read More »
Are All Americans Equal?
Most people are aware of the ongoing economic inequality suffered by the majority of Americans and disproportionately for African Americans. African Americans’ net wealth in the U.S. is 1/10 of that of their fellow White citizens. The COVID–19 virus, the current economic recession and national protests have made many of us think deeper about whether
Are All Americans Equal? Read More »
Young scholar starts at the intersection of residential segregation and health
As a 16 year old Gen Z scholar from Long Island, Perrino chose to study the health impacts of government sanctioned segregation for a project in her science research course.
Young scholar starts at the intersection of residential segregation and health Read More »
“Redlining” and health indicators: Decisions made 80 years ago have health consequences today
The consequences of redlining are often thought of in terms of economic opportunity and segregation, but these consequences extend far beyond the boundaries of socioeconomic inequality and into the realm of health disparities.
Trump threatens to “end” an anti-segregation rule that’s already crumbling under his administration
In a tweet yesterday, President Trump threatened a vital piece of the 1968 Fair Housing Act (FHA). The 2015 Affirmatively Furthering Fair Housing (AFFH) rule finally addressed and strengthened the FHA requirement that the government do something to end housing discrimination and segregation.
The expansion of telemedicine underscores existing disparities in healthcare access
The COVID-19 pandemic has called for a recent expansion of telemedicine, demonstrating the benefits of remote care. It has also highlighted the disparities in healthcare that many vulnerable groups already face.
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FHFA proposes new regulatory capital framework for GSEs
Today, the Federal Housing Finance Agency (FHFA) published a proposed rulemaking that creates a new regulatory capital framework for Fannie Mae and Freddie Mac, known together as the government-sponsored enterprises (GSEs).
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Preliminary Analysis of 2019 HMDA Mortgage Lending Data
The Consumer Financial Protection Bureau (CFPB) released the 2019 Home Mortgage Disclosure Act (HMDA) data on June 24, 2020, detailing mortgage lending information from nearly all lenders in the United States. HMDA offers details on 9.3 million originations resulting from over 17.5 million applications.
Preliminary Analysis of 2019 HMDA Mortgage Lending Data Read More »