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 »
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
Celebrating Older Americans Month During COVID-19 Read More »
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
Universities: Don’t leave your students behind Read More »
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
Our Interconnected Health: Part 1 Read More »
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 »
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.
Mental Health, Financial Health and Banking During COVID-19 Read More »
Today, the House of Representatives joined the Senate and passed a $484 billion emergency relief bill, including a $321 billion infusion for the Paycheck Protection Program, the small business rescue fund that ran out of money last week.
NCRC: The New CARES Act Doesn’t Care Enough Read More »
The COVID-19 crisis has increased America’s already considerable need for safe, accessible shelters. So this seems as good a time as any to point out that many domestic violence shelters and homeless shelters will flat-out reject potential residents for being transgender and/or non-binary – or place them in separate, isolated housing.
An update is needed but not one that is hastily implemented and would weaken the law in a misguided effort to simplify and clarify CRA rules.Â
Comments on Proposed CRA Rule: Pause and Go Back to Drawing Board Read More »
Even as the Trump Administration and Congress take important but limited steps in a fourth stimulus bill to replenish funding for the Payroll Protection Program, much more must be on the table in the coming weeks for U.S. households, including homeowners, renters and the nation’s smallest enterprises, to not only prop up the U.S. economy but to ensure a reasonable economic recovery.
Yesterday, the Senate passed a second Payment Protection Program (PPP) bill that will provide an additional $484 billion for small business aid, hospital funding and more testing for COVID-19.Â
NCRC Applauds Senate for Passage of Second PPP bill Read More »
In a confusing and scary time, the CFPB is a source for unbiased and informed information on a variety of financial hurdles that families can expect to face in the coming months.
CFPB Provides Advice, Guidance on COVID-19 Resources Read More »
Funding for the Payment Protection Program (PPP), the federal government’s COVID-19 forgivable loan program for small businesses, ran out last Thursday, even earlier than predicted.
Today, the Consumer Financial Protection Bureau (CFPB) finalized data reporting thresholds under the Home Mortgage Disclosure Act (HMDA) for the nation’s financial institutions.
Conditions in our environment where we live, work, learn and play affect a range of health outcomes. Now, faced with a global pandemic, we are learning just how detrimental viral diseases are for struggling communities.
Coronavirus And The Social Determinants Of Health: Part 2 Race Read More »
