Social Determinants of Health Caucus – Request for Information Letter
(Download) Attn SDOH Caucus Co-Chairs: Congresswoman Cheri Bustos Congressman G.K. Butterfield Congressman Tom Cole Congressman Markwayne Mullin RE: Social Determinants of Health Caucus – Request for Information Dear Members of Congress: Please accept this response to the Request for Information from the Congressional Caucus on Social Determinants of Health, on behalf of the National Community
In Memorium: Remembering Alan Fisher, founding executive director of the California Reinvestment Coalition
Alan Fisher, founding director of the California Reinvestment Coalition, died Thursday, September 16, 2021, surrounded by family, following a hard-fought battle with cancer. In the world of housing and economic justice, Alan was a titan who advocated for working-class families, communities of color, and small-business owners. “The world seems a little sadder today than it
Racial Wealth Snapshot: Latino Americans
Latinos are the largest community of color and fastest-growing native born demographic in the United States.
Adding Robust Consideration of Race to Community Reinvestment Act Regulations: An Essential and Constitutional Proposal
DOWNLOAD Executive Summary The Community Reinvestment Act (CRA) was enacted in 1977. It was a response to the nation’s long and painful history of lending discrimination against people of color and the resulting disinvestment and decay in communities of color. Congress’ purpose was to counter decades of official and unofficial redlining and other forms of discrimination by
CRA regulations, examination procedures should include explicit focus on race
Not only is it feasible, it is also constitutional to add a robust consideration of race to the requirements of the Community Reinvestment Act (CRA), a new report argues. The report, from the National Community Reinvestment Coalition (NCRC) and the civil rights law firm Relman Colfax PLLC, calls on CRA regulators at the Office of
Business Structure may have been a Barrier to the Paycheck Protection Program and Access to Credit
DOWNLOAD Key Takeaways Business structure played a role in accessing PPP loans. Entrepreneurs whose businesses were structured as LLC, S or C corporations were significantly more likely to have received a PPP loan than less sophisticated sole proprietorships and partnerships. Key Findings A survey of small business owners found that: Black men were significantly more
Business Structure of Small Businesses May Matter More Than We Knew
The Paycheck Protection Program (PPP) was a small business lending program created by Congress in 2020 to provide loans to save businesses from the economic impacts of the COVID-19 pandemic. There were two characteristics of this program that made it unique. First, a PPP loan could convert to a forgivable grant if the business spent
Civil Rights, Fair Housing And Consumer Groups Urge Congress to Advance Housing Investment and Equity in Historic Human Infrastructure Bill
Today, national civil rights, housing policy, and consumer protection groups released a letter sent to Congressional leadership and committee chairs calling for inclusion of housing policies that would advance racial and economic equity in the upcoming human infrastructure reconciliation legislation. The letter, linked here, was signed by the Center for Responsible Lending, The Leadership Conference
Fed Must Do More to Protect Consumers From Fraud and Mistakes in New P2P Payment System
FedNow System Must Not Launch Until it is Safe The Federal Reserve Board must do more to protect consumers, small businesses and other users from fraud and mistakes in the new “FedNow” instant person-to-person (P2P) system that it is developing, according to comments submitted today by consumer, small business, community and legal services groups. One
Lawsuit paused after OCC moves to fully rescind disastrous 2020 CRA Rule Changes
The OCC proposed to fully rescind the 2020 CRA rule and also restated the agency’s intent to draft new rules jointly with the Federal Reserve Board and FDIC.
Introducing the Just Economy Club in DC, a new event and office space for social sector nonprofits
A new events and office space designed for social sector nonprofits has opened in the historic Union Trust building at 15th and H Streets, just around the corner from The White House. The Just Economy Club, at 740 15th St. NW, offers members private offices with room for teams of up to eight people, shared
Opportunity to provide feedback to newly launched Congressional Caucus on Social Determinants of Health
Social determinants of health refer to the social, economic and physical conditions, where people live, work and play in an environment that affects health, such as housing, jobs, transportation and food access. This past July, a bipartisan Congressional Social Determinants of Health Caucus was formally launched by Reps. Cheri Bustos, G.K. Butterfield, Tom Cole and
Fair lending advocates applaud CFPB’s plan to shine a light on small business lending through Section 1071 loan data collection
implementing Section 1071, the portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank) that required the CFPB to collect and publish small business lending data.
NCRC applauds CFPB plan to collect Section 1071 small business loan data
The Consumer Financial Protection Bureau (CFPB) released a request for comment regarding its proposal to implement Section 1071, the portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank) that required the CFPB to collect and publish small business lending data.
Fact Sheet on Section 1071 Small Business Loan Data
What is Section 1071 Data? The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 included Section 1071, which[1] mandated the collection and dissemination of data on applicants for loans to small businesses and women- and minority-owned firms. The Consumer Financial Protection Bureau (CFPB) was designated to collect the data. The statutory purpose of
The FDIC Should Prevent Rakuten From Getting A Banking Charter
If the Federal Deposit Insurance Corporation (FDIC) approves Rakuten Bank America’s application for an industrial loan company (ILC) charter, it would trigger a cascading series of problems that would add risk to our banking system at a time when all federal agencies should focus on reorienting the country toward an equitable recovery and a just
NCRC, CRL, and NCLC File Joint Letter Opposing Acquisition of Liberty Bank
(Download) August 24, 2021 Janet Kincaid Deputy Regional Director Federal Deposit Insurance Corporation 25 Jessie Street at Ecker Square Suite 2300 San Francisco, CA 94105 RE: Change in Control, KMD Partners, LLC to acquire Liberty Bank, Inc. Dear Ms. Kincaid: We ask the FDIC not to approve the application from KMD Partners, LLC to acquire
NCRC Submits Comment Supporting HUD’s Proposed Disparate Impact Rule
The National Community Reinvestment Coalition (NCRC) today submitted a comment letter to the Department of Housing and Urban Development (HUD), applauding HUD for its proposed rule setting the standard for bringing disparate impact claims under the Fair Housing Act. In the comment letter, NCRC also urged HUD to offer guidance to the lending and insurance industries on the proper use of predictive technologies in underwriting, particularly with regard to artificial intelligence, machine learning and alternative data.
NCRC Comment on HUD’s Proposed Disparate Impact Rule
(Download) August 24, 2021 Office of General Counsel Rules Docket Clerk Department of Housing and Urban Development 451 Seventh Street SW, Room 10276 Washington, D.C. 20410-0001 Re: Docket No. HUD-2021-0033 FR-6251-P-01 Reinstatement of Discriminatory Effects Standard Dear Assistant Secretary Worden: The National Community Reinvestment Coalition (NCRC) and the undersigned organizations would like to applaud the
GROWTH by NCRC Announces New Single-Family Homes Near Gresham Park
The NCRC Housing Rehab Fund, LLC (NCRC HRF), marketed as GROWTH by NCRC, is building 46-single-family homes located in the rolling hills of Decatur, GA, near Eastlake and Gresham Park.
HMDA data reveals refi boom during pandemic, but not for Black and Hispanic homeowners
personal wealth faster. But it was a bust for communities of color. Their share of refinance loans declined.
2020 HMDA Preliminary Analysis
HMDA is a crucial tool for the public and local leaders to monitor the mortgage market and ensure lenders are not redlining in their communities.
NCRC applauds FHFA’s proposed expansion of affordable housing goals, and a new goal specific for minority communities
Today, the Federal Housing Finance Agency (FHFA) proposed 2022-2024 single-family and multifamily housing goals for the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. In addition to proposing higher annual benchmarks in some categories, the agency proposes new single-family subgoals focused on communities of color and that respond to concerns about displacement in low-income communities.
NCRC applauds HUD, FHFA plan to strengthen enforcement of the Fair Housing Act, and inclusion of rental payment data for mortgage risk assessments at Fannie Mae
This is a bold and promising move to align and combine forces at agencies that should work together to end housing and lending discrimination and, importantly, to ensure their policies expand access to affordable homeownership for more borrowers and communities of color.
Years after a toxic spill, an Alabama community loses hope
Last month, the National Community Reinvestment Coalition (NCRC), the South Alabama Fair Housing Center (SAFHC) and We Matter Eight Mile Community Association (We Matter Eight Mile) held a community meeting in the predominantly Black community of Eight Mile, north of Mobile, Alabama.
