Colorado Times Recorder: Can Corporations Walk the Walk on Racial Justice?
In all of these areas, corporations can help the country take important steps to bridging racial economic inequality. Now is the moment when corporations can help lead in the movement for greater racial equity — instead of being a lagging indicator of inequality.
Mortgage data reveals disparities in Asian American and Pacific Islander lending
The research, from the National Community Reinvestment Coalition (NCRC), sheds new light on the experience of several groups within the AAPI community that have long accused lenders of predatory practices and discrimination.
Mortgage Lending in the Asian American and Pacific Islander Community
Key Findings Over 652,000 loan applications were reported in 2018 where the applicant identified as AAPI. Home purchase loans varied greatly within the AAPI community, with Asian Indians purchasing homes in 70% of cases, compared with Japanese borrowers that purchased a home just 45% of the time. There are substantial variations in the share of
NCRC supports pandemic-related housing needs in 15 States, funded by Wells Fargo Foundation
Nonprofit housing counseling organizations responding to the COVID-19 pandemic in 15 states will receive unrestricted grants and resources from the National Community Reinvestment Coalition (NCRC), thanks to funding from the Wells Fargo Foundation.
NCRC, Two Other Advocacy Groups, File Joint Amicus Brief in Lacewell v. OCC
Last week, the National Community Reinvestment Coalition (NCRC) joined with the Center for Responsible Lending (CRL) and the National Consumer Law Center (NCLC) to file an amicus brief in the Office of Comptroller of the Currency (OCC)’s appeal in Lacewell v. OCC in the federal Second Circuit Court of Appeals.
HUD’s Proposed Rule Enables Discrimination Against Transgender People
The Department of Housing and Urban Development (HUD) recently issued a proposal to change the Equal Access Rule in ways that could encourage discrimination against individuals who are transgender and/or nonbinary.
NCRC and SLEHCRA Call on Edward Jones to Add St. Louis Assessment Area for New Banking Division
The National Community Reinvestment Coalition (NCRC) and the St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA) have urged the Federal Deposit Insurance Corporation (FDIC) to require Edward Jones Bank to meet Community Reinvestment Act (CRA) assessment requirements in the St. Louis area.
Member spotlight: Q&A with Local First Arizona’s Thomas Barr
LFA quickly recognized the adverse consequences of COVID-19 and determined that they would need to be a reliable source of information for small businesses and policymakers.
CDFIs and MDIs Continue to Cater to Small Businesses Despite PPP Barriers
CDFIs and MDIs, like HOPE, were able to utilize their strengths to cater to the financial needs of small businesses in distressed communities.
Amicus Brief Opposes OCC Charter That Would Aid Predatory Lenders
The Center for Responsible Lending, National Consumer Law Center, and National Community Reinvestment Coalition filed an amicus brief today in Lacewell v. Office of the Comptroller of the Currency (OCC), in support of the plaintiff, the New York State Department of Financial Services (DFS), against the OCC’s plan to issue “special purpose national bank” charters to nonbank lenders.
Magdalena Mysliwiec
Membership Engagement Specialist mmysliwiec@ncrc.org 202.464.2712 Magdalena Mysliwiec is NCRC’s Membership Engagement Specialist, joining in 2020. Magdalena will grow NCRC’s membership program and support its members in expanding ways to meet member goals in the context of NCRC’s mission to create opportunities for people to build wealth. Magdalena has her Master of City and Regional Planning
NCRC, Local Groups and City of Toledo Sue CFPB to Overturn Rule That Undermines Detection of Discrimination in Mortgage Lending
By Raising Reporting Thresholds, CFPB Rule Blocks Access to Data That is Critical to Uncovering Housing Discrimination
Amid Funding Threats and Coronavirus, Minority College Students Face Many Concerns
For many universities and their students, COVID-19 created new problems and exacerbated existing vulnerabilities.
Leading Civil Rights & Housing Groups Condemn President’s Effort to Gut Fair Housing, Use of Incendiary Racial Rhetoric for Political Gain
Fair housing advocates denounce Trump’s newest effort to eliminate a critical tool to desegregate communities and call on the president to instead concentrate on ensuring housing equity during a pandemic.
NCRC statement on Affirmatively Furthering Fair Housing Executive Order
Today, President Trump replaced the 2015 Affirmatively Furthering Fair Housing (AFFH) rule with a much weaker one, and without any public comment process, despite the Department of Housing and Urban Development’s (HUD) proposed rule change filed in January.
NCRC Proposal for Underserved Tracts Would Increase Lending in Communities of Color by Billions of Dollars
Executive Summary NCRC proposes to add underserved census tracts as a criterion on component tests on CRA exams. NCRC identifies underserved tracts as those that receive low levels of lending per housing units and small businesses. A significant portion of these tracts are predominantly minority. NCRC estimated that adding these tracts on CRA exams would
US Immigrants Face Unique Challenges During the Pandemic
Immigrants play a central role in the U.S. economy, especially as essential workers and workers in industries hardest hit by the pandemic’s economic impact.
African Americans Are Missing Ten Trillion Dollars of Wealth
For African Americans to own a share of the wealth proportionate to their 13% of the population, they’d require another $10 trillion of wealth.
Homelessness During COVID and Beyond
Those experiencing homelessness are especially vulnerable to getting sick due to previous health conditions and lack of access to general wellness care.
NCRC Dismayed by OCC’s Intention to Establish a True Lender Standard
Today, the Office of the Comptroller of the Currency (OCC) announced a proposed rule on the true lender doctrine. Under the proposal, a bank is considered to be the “true lender” if it is named as the lender or if it funds the loan.
NCRC mourns the loss of John Lewis
Thank you for your dedication and persistence. Thank you for your leadership. May you rest in power.
Charlotte – Fair Lending Report
Instructions for use: This is an interactive report. Please use the tiles at the top to page forward. Questions: Jason Richardson Director, Research & Evaluationjrichardson@ncrc.org 202-464-2722
Winston-Salem – Fair Lending Report
Instructions for use: This is an interactive report. Please use the tiles at the top to page forward. Questions: Jason Richardson Director, Research & Evaluationjrichardson@ncrc.org 202-464-2722
Raleigh NC – Fair Lending Report
Instructions for use: This is an interactive report. Please use the tiles at the top to page forward. Questions: Jason Richardson Director, Research & Evaluationjrichardson@ncrc.org 202-464-2722
Civil Rights Groups Commend Top Mortgage Lenders and Industry Leaders for Urging HUD to Reconsider Disparate Impact Rule
NCRC and other civil rights organizations also renew their push for HUD to cancel its plan to weaken the Disparate Impact rule.
