Since the inception of the mid-20th century Civil Rights era and the implementation of racially blind laws such as the Community Reinvestment Act, we can point to little progress in bridging wealth and homeownership disparities.
President Biden today nominated former Treasury Department Deputy Secretary Sarah Bloom Raskin to serve as the Vice Chair for Supervision of the Federal Reserve Board and Lisa Cook and Philip Jefferson as Governors.
The National Community Reinvestment Coalition (NCRC) submitted this week a detailed comment to the Consumer Financial Protection Bureau (CFPB) for its proposed rule on reporting and disseminating small business loan data required by Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Today, in response to the OCC’s rescission of the rule, the National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC) agreed to dismiss their lawsuit challenging the rule.
As acting-director of the FHFA, Thompson has already taken important steps to renew commitment to the affordable housing mission of the GSEs, including a new goal-focused exclusively on communities of color.
Getting the disastrous 2020 CRA rule fully rescinded was a hard-fought battle that involved comments from hundreds of our members across the nation and this is a huge victory for them and their communities. We’re relieved and welcome this action today from the OCC.
Some banks and other lenders have gotten away for too long with racial discrimination and bias in lending.
New popup retail space features globally sourced, produced and inspired goods by women-owned businesses from the DC Metro area.
To better understand the interconnectedness between race and SES within the small business lending arena, the National Community Reinvestment Coalition (NCRC), in conjunction with our academic partners – Dr. Sterling Bone (Utah State University), Dr. Maura Scott (Florida State University) and Dr. Glenn Chrisitinsan (Brigham Young University) – conducted matched-pair testing at financial institutions in the Washington, DC, metropolitan area between November and December 2020.
Gusto, an all in one payroll and HR platform, has joined the National Community Reinvestment Coalition’s (NCRC) Innovation Council for Financial Inclusion.