NCRC, FinTech Firms Issue Statement In Support Of Regulatory Stability At The Consumer Financial Protection Bureau
Five fintechs express support for the Consumer Financial Protection Bureau ahead of the CFPB’s Supreme Court case.
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Wealth-Building Hurdles For Latino And Asian Americans Are Not As Simple As You May Think
New racial wealth snapshots on the AAPI and Latino communities demonstrate the wide diversity of economic experiences facing members of those groups.
Racial Wealth Snapshot: Latino Americans And The Racial Wealth Divide
Latino population growth continued over the past decade, rising by about 24% to 62.5 million in 2021. In 2020, Latinos represented 18.7% of the US population, accounting for about half (52%) of total US population growth over the decade. Latinos have a greater share of the growth than any other racial or ethnic group.
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Special Purpose Credit Programs Remain On Solid Legal Ground Despite Supreme Court’s Affirmative Action Decision
The Supreme Court’s recent affirmative action ruling is creating wider anxiety in the business community. Special Purpose Credit Programs are not in jeopardy.
Shelter Inflation, Black Unemployment and The Dual Competing Mandates of the Federal Reserve
Since March of 2022, the unemployment rate has stayed somewhere between 3.4% and 3.7%. The latest monthly report from the US Bureau of Labor Statistics (BLS) breaks this trend with the rate rising to 3.8%.
MISSED OPPORTUNITIES: Financial Institutions In New York City Discourage Prospective Small Business Applicants
NCRC conducted mystery shopper tests in 34 New York City bank branches to assess the state of small business lending after governments eased or eliminated most COVID-related business and personal behavior restrictions.
Report: New York Banks Treated White Small Business Owners Better Than Non-Whites
Minority-owned businesses and Black-owned businesses inquiring about small business loans faced racial discrimination in NCRC’s latest mystery-shopper test.
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HEALTH EQUITY RESEARCH SPOTLIGHT: Medical Debt Makes People Live Sicker, Die Sooner
Owing someone money doesn’t just make a person’s life harder – it might also make it shorter, and it certainly makes it sicker.
HEALTH EQUITY RESEARCH SPOTLIGHT: Medical Debt Makes People Live Sicker, Die Sooner Read More »
Racial Wealth Snapshot: Asian Americans And The Racial Wealth Divide
Asian Americans are the fastest growing racial or ethnic group in the United States, and are predicted to be the nation’s largest immigrant group by 2050. Asian Americans are forecast to exceed the Hispanic share of the immigrant population and to make up 36% of all US immigrants by 2055.
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When Regulators Overhaul Bank Merger Rules, They Should Heed Key Lessons From NCRC’s Community Benefits Agreements
Biden officials want to strengthen bank merger review guidelines. Here’s what they can learn from NCRC’s work with banks.
STILL A DREAM: Over 500 Years To Black Economic Equality
A new report marks the 60th anniversary of the March on Washington with some sobering news — and some inspiring solutions.
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NCRC STATEMENT: Lawsuit Alleging KeyBank Misled Investors Should Not Surprise Anyone Who’s Paid Attention To The Bank’s Broken Promises To Communities
“The allegations in this new lawsuit…make me wonder: What else is KeyBank hiding?”
Victory: Figure Bank’s Withdrawn Charter Application Shows The Uninsured National Bank Idea Is Dead
Figure Bank’s decision to give up on seeking a charter for an uninsured national bank signals that fintechs are not going to be able to evade Community Reinvestment Act obligations.
NCRC STATEMENT: Figure Bank’s Decision To Abandon Pursuit Of A Federal Banking Charter Is Good News For Communities And Consumers
Figure Bank’s application for an OCC banking charter would have helped fintech companies crack the foundations of the Community Reinvestment Act.
Just Economy Regional: Mountain West Summit
Schedule Speaker Bios SPONSORS Main Menu Schedule Speaker Bios Sponsors JUST ECONOMY REGIONAL MOUNTAIN WEST summit REGISTER September 26-27 • Denver, Colorado JUST ECONOMY REGIONAL MOUNTAIN WEST summit REGISTER September 26-27 • Denver, Colorado Get A Fresh Perspective The summit will bring together housing and community development leaders; faith-based organizations and fair lending advocates; financial
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