NCRC Staff Member Elected to Board of the Faster Payments Council

NCRC taking leadership in emerging financial services

National Community Reinvestment Coalition (NCRC) Senior Policy Advisor Adam Rust has been elected to serve on the US Faster Payments Council’s Board of Directors. Rust will serve a term through 2022. 

The US Faster Payments Council is an industry-led membership organization made up of member organizations from across the payments ecosystem. In addition to consumer organizations, its membership includes banks, credit unions, business end-users, payments processors, trade organizations, and payments networks. 

“We are thrilled to have Adam bring NCRC’s valuable perspective to the U.S. Faster Payments Council Board of Directors,” said Reed Luhtanen, Executive Director of the U.S. Faster Payments Council. “It is vitally important for the industry to understand the needs of consumers of payments services, and Adam is a tremendous advocate on behalf of these critical stakeholders.” 

Rust was one of two consumer representatives to the Governance Framework Formation Team, a working body convened by the Federal Reserve, that established the structure of the FPC. Additionally, he participated in the Faster Payments Task Force, a multi-year process that wrote a set of principles to guide the evolution of faster payments in the United States.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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