A cardinal rule of any rulemaking is that a federal agency must use data and analysis to assess the impact of its proposed changes to a regulation. Based on NCRC’s analysis so far, it appears that the OCC and FDIC have flagrantly violated this fundamental rule.
Could Lack of Impact Assessment in OCC and FDIC Proposal Break CRA? Read More »
Entrepreneurship is a capital-intensive experience which makes it quite challenging for those with little access to capital to pursue.
I fell for America’s white lie, entrepreneurship Read More »
Here are some of the most absurd examples of what would qualify for Community Reinvestment Act (CRA) credit under rule changes proposed by regulators.
With the holiday shopping season going into overdrive, it is important to pay tribute to Native Americans. Now when we say to pay tribute, we literally mean pay, with money, by making purchases from Native American small businesses.
How to Pay Tribute to the Nation’s Native American Heritage Read More »
Lending and investments would total $7.75 billion over the 2020 to 2023 period and align with the combined retail branch footprint in Arizona, California, Colorado, Florida, Hawaii, Kansas, Nebraska, Nevada and Texas.
Better-qualified black and Hispanic testers who shopped for small business loans at Los Angeles area bank branches were treated worse than less qualified white testers, a new study found. The study, from the National Community Reinvestment Coalition (NCRC), also found steep declines in government-backed lending to black business owners between 2008 and 2016.
The W.K. Kellogg Foundation has contributed a $1.2 million grant to the National Community Reinvestment Coalition, which will support a three-year investigation of small business lending practices at banks in three US metropolitan areas.
$1.2 million grant to investigate banking discrimination in small business lending Read More »
As big banks focus on big businesses, it has become harder and harder for Chicago’s small business owners and entrepreneurs to secure reasonable loans from responsible lenders.
HuffPost: Chicago Small Businesses Need Better Lending Options Read More »
Earlier this year, in a large metropolitan area of the eastern United States, two men walked into the same bank branch on the same day, each at different times of the day.
They each came in with nearly identical business backgrounds and strong credit histories, and they each asked about a small business loan of $60,000-$70,000 to expand their business and to possibly hire a part-time employee. There were some key differences, like each man’s name and their company names — and their race.
Next City: “Mystery Shopper” Experiment Reveals Racial Gap in Small Business Lending Read More »
Overall, black entrepreneurs seeking small business loans faced more scrutiny compared to their equal or less creditworthy white counterparts.
Study documents discrimination against black entrepreneurs Read More »
Letter from over 100 Groups and Advocates Calling on Members of Congress to Support Section 1071 of the Dodd-Frank Act, Small Business Data Collection and Disclosure (Download)
Home Mortgage and Small Business Lending in Baltimore and Surrounding Areas (Download PDF) This report, Home Mortgage and Small Business Lending in Baltimore and Surrounding Areas, details lenders’ abandonment of neighborhoods in Baltimore based upon the race of members of those neighborhoods and the preferences of lenders for white borrowers and majority white neighborhoods. Using
Home Mortgage and Small Business Lending in Baltimore and Surrounding Areas Read More »
The Small Business Teaming Center (SBTC) supports the abilities of small businesses to pursue and win government contracts by creating a team of businesses that can work together to fulfill the requirements. Our services include: Opportunity Identification and Vetting, Facilitation of Teaming Agreements, and Capture Management. Contract OpportunitiesSBTC assists its clients to identify and develop
Small Business Teaming Center Read More »
Washington, DC – Today, 19 national consumer and civil rights groups led by the National Community Reinvestment Coalition (NCRC) sent letters to members of the U.S. Senate asking them to sign on to Senator Cory Booker’s letter urging the Consumer Financial Protection Bureau (CFPB) to issue rulemaking on small business loan data. Section 1071 of
NCRC, National Groups Ask Senate to Press CFPB on Small Business Loan Data Read More »
Washington, DC – Today, the National Community Reinvestment Coalition (NCRC) released a report entitled “Access to Capital and Credit in Appalachia and the Impact of the Financial Crisis and Recession on Commercial Lending and Finance in the Region.” The report, which was commissioned by the Appalachian Regional Commission, and authored by NCRC and Woodstock Institute,
