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In the News

Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.

NerdWallet: Racial Funding Gap Shows Black Business Owners Are Shut Out From Accessing Capital

NerdWallet, January 8, 2021, Racial Funding Gap Shows Black Business Owners Are Shut Out From Accessing Capital Data breakdown on the racial funding gap: BIPOC business owners are at a disadvantage when it comes to financing. A study by the National Community Reinvestment Coalition found that bank representatives at 32 bank branches in Washington, D.C. …

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WBAL TV: Residents, community groups react to bank branch closing in Brooklyn

WBAL TV, December 20, 2021, Residents, Community Groups React To Bank Branch Closing In Brooklyn Brooklyn, in southwest Baltimore, is a neighborhood at a crossroads. The COVID-19 pandemic, along with other issues, have created some inequities. A bank the community relied on has shut its doors. Bank of America told 11 News the impact of …

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Capital & Main: Are Nonbank Mortgage Lenders Good for Minority Borrowers?

Capital & Main, December 20, 2021, Are Nonbank Mortgage Lenders Good for Minority Borrowers? A loan officer at a mortgage company questions a Black loan applicant about household debts, but subsequently invites a less creditworthy white borrower to fill out an application with “no inquiry about credit standing or debts.” He then offers to walk the …

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The Denver Post: “Where we come from is art”: Denver’s gentrifying Northside captured through the lens and poetry of its Latino youth

The Denver Post, December 19, 2021, “Where we come from is art”: Denver’s gentrifying Northside captured through the lens and poetry of its Latino youth Tim Hernández is a witness to the pain, the promise, the joy, the hope, the struggles of the Northside’s youth. He’s a teacher at North High and a product of …

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Housing Wire: Mortgage industry cheers Sandra Thompson’s nomination

Housing Wire, December 16, 2021, Mortgage industry cheers Sandra Thompson’s nomination Industry stakeholders and affordable housing advocates welcomed news that the Federal Housing Finance Agency’s acting director, Sandra Thompson, was nominated for the permanent role. Some had previously expressed frustration that there was not a permanent nominee for the FHFA, although there is recent precedent for an acting FHFA …

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Can Raleigh and Durham avoid past development mistakes as they grow?

News Deal, December 15, 2021, Can Raleigh And Durham Avoid Past Development Mistakes As They Grow? Downtown Durham and Raleigh have seen significant public and private investment. But the new high rises, office buildings and condos are a double-edged sword. As the tax base grew, so did property owners’ assessments and tax bills, often with …

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Big-bank mergers face new hurdles amid Washington power struggle

American Banker, December 13, 2021, Big-Bank Mergers Face New Hurdles Amid Washington Power Struggle An unexpected salvo by Democratic appointees at federal banking agencies has added another complication to large and midsize bank mergers, which were already lagging in the face of regulatory delays. The recent drama in Washington is expected to continue slowing down …

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Failed watchdog nomination angers progressives

The Hill, December 14, 2021, Failed Watchdog Nomination Angers Progressives President Biden’s failed nomination of a top bank watchdog, Saule Omarova, has left progressives furious and consumer advocates concerned about the future of a key agency.  “I don’t think it was a winnable fight,” said Jesse Van Tol, president and CEO of the National Community …

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Fintech Leads the Way in Fair Lending Practices With a New Kind of ‘Relationship Banking’

Yahoo Finance, December 9, 2021, Fintech Leads The Way in Fair Lending Practices with a New Kind Of ‘Relationship Banking’ Up until fairly recently, getting a loan for your small business meant pleading your case at one of the banking behemoths, whose legacy of discrimination is well documented. A data analysis of lending practices from …

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Partisan battle brewing over FDIC’s bank merger policy

American Banker, December 9, 2021, Partisan Battle Brewing Over FDIC’s Bank Merger Policy  A partisan battle erupted on the Federal Deposit Insurance Corp. board Thursday when Democratic members said they had approved a review of bank merger policy without the consent of the agency’s Trump-appointed chief. Still, the National Community Reinvestment Coalition praised the regulators’ …

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Whose Mission Am I Serving?

The Harvard Crimson, December 9, 2021, Whose Mission Am I Serving? In 2020, the Globe deemed Boston the country’s “third most ‘intensely gentrified’ city in the US,” specifying that Mission Hill is one neighborhood experiencing gentrification. A 2013 National Community Reinvestment Coalition analysis identified the area just bordering Mission Hill as an area “eligible” for …

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First Merchants releases its first comprehensive corporate social responsibility report

The Gary Crusader, December 9, 2021, First Merchants Releases Its First Comprehensive Corporate Social Responsibility ReportAmong the many focused initiatives, such as volunteering and corporate giving, First Merchants is currently investing $1.4 billion in the low- and moderate-income communities it serves over five years through a partnership with the National Community Reinvestment Coalition (NCRC).

Coronavirus Roundup: More Republican Opposition to Vaccine Rules; HHS Touts High Employee Vaccination Rates

Government Executive, December 7, 2021, Coronavirus Roundup: More Republican Opposition to Vaccine Rules; HHS Touts High Employee Vaccination Rates Last week, a pop-up shop, featuring goods from local women-owned small businesses, funded through a CARES Act grant from the Small Business Administration, opened in Union Station in Washington, D.C. This is a collaboration between the D.C. …

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HUD ends silence on targeted lending programs

Housing Wire, December 7, 2021, HUD Ends Silence on Targeted Lending Programs The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership. “This was low-hanging fruit,” said Brad Blower, general counsel of …

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Opinion: Ward 6 Councilmember Risks Prolonging Homelessness and Displacement

HillRag, December 6, 2021, Opinion: Ward 6 Councilmember Risks Prolonging Homelessness And Displacement Ward 6 Councilmember Charles Allen new tax measure will provide new revenue for permanent housing opportunities to potentially end homelessness in DC, but first, it requires eviction from homeless camps. DC’s Ward 6 has the “most intense displacement” in the “most intensely …

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