In the News

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

Philanthropy News Digest: White supremacy is the pre-existing condition: eight solutions to ensure economic recovery reduces the racial wealth gap

The impacts of the COVID-19 pandemic have exacerbated the concentration of wealth in the United States, and emergency measures as well as structural change are urgently needed to address the widening racial wealth gap, a report from Inequality.org, a project of the Institute for Policy Studies, and the National Community Reinvestment Coalition, argues.

Washington Post: What Racial Inequality Means When You Go to the Bank

According to a 2018 study by the National Community Reinvestment Coalition, the economic and racial segregation caused by redlining persists today: 74% of the neighborhoods the federal government deemed “hazardous” to lend to nearly a century ago are low to moderate income today, and 64% of them are minority neighborhoods.

The Economist: African-American businesses need more than “buy black” campaigns

A “mystery shopper” test at 32 bank branches in Los Angeles, carried out by the National Community Reinvestment Coalition, a membership organisation for small businesses, found white customers were given subtly better customer service—for example, being told more about available products and their costs. Black applicants were asked to provide more information.

Banking Dive: Community groups sue OCC over anti-redlining revamp

The National Community Reinvestment Coalition (NCRC) and the California Reinvestment Coalition (CRC) filed a lawsuit against the Office of the Comptroller of the Currency (OCC) on Thursday over its revamp of the Community Reinvestment Act (CRA), a 1977 anti-redlining law that governs lending in low-income neighborhoods.

Magic 106.5: Study: Before COVID-19, a small number of booming cities struggled with gentrification. The rest simply struggled.

“COVID-19 struck a nation that was already mostly struggling,” said Jesse Van Tol, CEO of NCRC. “Recovery in most places will be even more challenging than in those where investment was already concentrated. There is no doubt that the protests that have erupted nationwide are at least in part motivated by the nation’s long history of racial economic inequality.”

Bloomberg Law: Community Groups Ask Court to Stop Anti-Redlining Rewrite

The National Community Reinvestment Coalition and the California Reinvestment Coalition said the May 20 rule was rushed through during the coronavirus pandemic and violates the Administrative Procedure Act. Two other regulators, the Federal Deposit Insurance Corp. and the Federal Reserve, didn’t sign onto the OCC’s regulation.