MarketWatch: African-American college graduation rates hit all-time high, but economic outcomes lag
A new report finds racial inequality persists 50 years after the Civil Rights Act of 1968.
In the News
Links to media coverage of NCRC.
To request an interview with NCRC experts, send a note to: media@ncrc.org.
Brookings: Bipartisanship in banking is back
Aaron Klein looks at what is to like and not like in a bipartisan bill to amend Dodd-Frank.
Brookings: Bipartisanship in banking is back Read More »
USA Today: Africa’s banks are doing what U.S. banks aren’t: Winning
According to a report published Wednesday by McKinsey, a consultancy, one area of the world where the banking industry is flourishing is Africa.
USA Today: Africa’s banks are doing what U.S. banks aren’t: Winning Read More »
The Hill: Why is there bipartisan support in the Senate to cover up evidence of discrimination in banking?
We need bipartisan support to end discrimination in lending, not to hide the data that exposes it. Read John Taylor and Marc Morial’s opposition to S. 2155, the #BankLobbyistAct.
American Banker: Mystery shoppers search for signs of discrimination in business lending
NCRC has secured a grant from the W.K. Kellogg Foundation to probe banks’ small-business lending practices. It follows a 2017 pilot study in which the group found that white shoppers posing as business owners were three times more likely to be invited for follow-up appointments than their black counterparts and twice as likely to be offered help in completing loan applications.
American Banker: Mystery shoppers search for signs of discrimination in business lending Read More »
Bloomberg: Wells Fargo CEO confronts board overhaul he once called ‘crazy’
Wells Fargo & Co. Chief Executive Officer Tim Sloan said last year that a wholesale makeover of his board would be “crazy.” Well, now it’s happening.
Bloomberg: Wells Fargo CEO confronts board overhaul he once called ‘crazy’ Read More »
Washington Examiner: Civil rights, affordable housing groups bash bipartisan Fannie, Freddie reform bill
A number of civil rights and affordable housing groups, including NCRC, criticized the Fannie, Freddie reform bill as an “ill-conceived approach [that] places the risk on the backs of the hardworking families who already rescued the big banks.”
Housing Wire: Did Mick Mulvaney just drastically change how the CFPB enforces fair lending laws?
The Consumer Financial Protection Bureau stripped the Office of Fair Lending of its enforcement powers. John Taylor, President and CEO of the National Community Reinvestment Coalition said, “I am appalled to see one of the most effective offices within the CFPB stripped of responsibility to stop redlining, predatory lending, and other discriminatory behavior by financial firms.”
CNNMoney: Trump may weaken ‘outdated’ rules that force banks to lend to the poor
For years, banks have been fighting these requirements to lend to underprivileged people — and President Trump is listening as he continues his war on regulation. The irony is that these rules benefit the same “blue-collar people Donald Trump maintains he represents.
CNNMoney: Trump may weaken ‘outdated’ rules that force banks to lend to the poor Read More »
HousingWire: Civil rights, housing, community development groups slam HUD’s fair housing rule delay
In a statement, 76 community groups (including NCRC) say that the delaying the rule by one year is tantamount to repealing the rule altogether.
American Banker: Square to small banks: Don’t lump us in with Amazon and Facebook
Fintechs are revolutionizing the financial market, but will they also modernize 21st century community reinvestment? Earlier this fall, the National Community Reinvestment Coalition met with Square officials to find out.
American Banker: Square to small banks: Don’t lump us in with Amazon and Facebook Read More »
HuffPost: Chicago Small Businesses Need Better Lending Options
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 »
Politico: Behind Trump’s plan to target the federal safety net
The White House is quietly preparing the most sweeping changes to federal safety net programs in a generation, using legislation and executive actions to target recipients of food stamps, Medicaid and housing benefits.
Politico: Behind Trump’s plan to target the federal safety net Read More »
Talk Poverty: Why Have Banks Stopped Lending to Low-Income Americans?
Despite a decade of setbacks, the game is definitely not over for low-income borrowers.
Talk Poverty: Why Have Banks Stopped Lending to Low-Income Americans? Read More »
HousingWire: Senate Banking Committee introduces repeal of Dodd-Frank Act
The Senate Banking Committee will begin its markup today of a bill that would roll back the Dodd-Frank Act. Experts see it as a dangerous step. The Center for Responsible Lending, the National Community Reinvestment Coalition and the National Consumer Law Center all oppose the bill.
HousingWire: Senate Banking Committee introduces repeal of Dodd-Frank Act Read More »