The pandemic and rapid social changes brought many challenges for a group of Black business owners in Washington, D.C., and Baltimore, but even so they emphasized the role of their businesses in maintaining the cultural vibrancy of their communities.
Black America was in an economic crisis before COVID-19, and recovery for Black-owned businesses will require solutions to the economic preconditions that made success and wealth accumulation so difficult to achieve before the pandemic, a new report found.
Relationships Matter: Small Business and Bank Branch Locations — Key Takeaways The number of banks and bank branches has declined significantly since 2009. Local branches are still crucial to small business lending. Small business lending is increasingly dominated by the largest lending institutions. Smaller institutions are disappearing as they merge or are bought out by …
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DOWNLOAD Overview: A radical increase in Black homeownership is needed to see progress in bridging Black and White homeownership and wealth inequality. One of the defining factors of economic well-being for individuals and families is household net worth or wealth, but not all families are equal. Decades of racial injustice and economic inequality have led …
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More evidence of inequity in access to bank services to help small businesses survive the pandemic.
Regulatory agencies should consider loans per thousand people to identify Community Reinvestment Act assessment areas for branchless banks.
In this report, NCRC extended our previously published analysis of bank branch closures to look at changes from 2017 through 2020.
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
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.
Racial and Ethnic Representationand Investment Framework A Research Report and Recommendationsfor Beneficial State Foundation — OVERVIEW Key steps to improve a bank’s racial and ethnic demographics within their internal workforce, and methods to improve a commitment to diversity, equity and inclusion. — Key Takeaways Although African Americans comprise over 13% of the national population, and …
A new study compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.
A new study compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.
Lending Discrimination within the Paycheck Protection Program Anneliese Lederer, Director of Fair LendingSara Oros, Program Coordinator, Fair Housing/Fair Lending In collaboration with:Dr. Sterling Bone, Professor of Marketing, Utah State UniversityDr. Glenn Christensen, Associate Professor of Marketing, Brigham Young UniversityDr. Jerome Williams, Distinguished Professor and Prudential Chair in Business, Rutgers University Before COVID-19, tests revealed better …
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Gentrification and Disinvestment 2020 COVID-19 struck a nation that was already mostly struggling. Do Opportunity Zones benefit or gentrify low-income neighborhoods? Jason Richardson, Director, Research & Evaluation, NCRCBruce Mitchell, Ph.D., Senior Research Analyst, NCRCJad Edlebi, GIS Specialist, NCRC June 2020 EXECUTIVE SUMMARY COVID-19 exposed deep economic and social fault lines nationwide, with profound implications for …
Disinvestment, Discouragement and Inequity In Small Business Lending Amber Lee, Fair Lending Manager, NCRCBruce Mitchell, PhD., Senior Research Analyst, NCRCAnneliese Lederer, Director of Fair Lending & Consumer Protection, NCRC In cooperation with:Jerome Williams, Rutgers University; Sterling Bone, Utah State University; Glenn Christensen, Brigham Young University (Download) [lwptoc] Executive Summary Small businesses are vital to the …
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