A new report maps severe financial neglect across Indian Country in the American southwest — and offers solutions.
“I worry that firms may sometimes shortchange this key component of testing,” the CFPB’s Patrice Ficklin said at the Just Economy Conference.
A poorly reasoned court decision threatens to upend key elements of federal fair lending law, inviting lenders to discriminate against would-be borrowers.
Court’s Decision in Townstone Financial Gives A Green Light to Discriminatory Lending Read More »
The Cleveland-based mortgage lender abandoned Black America and broke its promises to community groups.
Why We’re Breaking Up With KeyBank Read More »
Online Event Archive Recorded April 5, 2022 Learn how you can use this powerful tool, available for free to all NCRC members, to produce a report on mortgages, small business lending and bank branch networks for any city, county or metro area in the nation. NCRC’s Director of Research Jason Richardson will walk us
Video: Fair Lending Tool Read More »
NCRC’s National Training Academy and Fair Lending/Fair Housing team will provide a two-course training for employees at community development financial institutions (CDFIs) and other financial institutions February 9-10, 2022.Â
New from NCRC: Comprehensive fair lending and implicit bias training Read More »
The National Community Reinvestment Coalition (NCRC) submitted a detailed comment letter to five federal agencies yesterday, outlining how consumers should be protected when lenders use artificial intelligence (AI) and machine learning (ML) to underwrite loans.Â
NCRC Submits Comment on Artificial Intelligence Read More »
The pandemic and rapid social changes brought many challenges for a group of Black business owners in Washington, D.C., and Baltimore, but even so they emphasized the role of their businesses in maintaining the cultural vibrancy of their communities.
The COVID Pandemic And Its Impacts On Culturally Significant Businesses Read More »
Black America was in an economic crisis before COVID-19, and recovery for Black-owned businesses will require solutions to the economic preconditions that made success and wealth accumulation so difficult to achieve before the pandemic, a new report found.
Entrepreneurship is not a successful venture without the right tools. One of these tools is access to credit – the money needed to start a business, expand or deal with ebbs and flows in revenue.
Relationships Matter: Small Business and Bank Branch Locations March 2021 — Key Takeaways The number of banks and bank branches has declined significantly since 2009. Local branches are still crucial to small business lending. Small business lending is increasingly dominated by the largest lending institutions. Smaller institutions are disappearing as they merge or are bought
Relationships Matter: Small Business and Bank Branch Locations Read More »
The new tool will be available to the general public for a month, then become an exclusive service for NCRC members.
NCRC launches interactive tool to explore local lending patterns Read More »
Today, the Consumer Financial Protection Bureau (CFPB) announced that the principles from the landmark U.S. Supreme Court case Bostock v. Clayton County that provide protection against discrimination based on sexual orientation or gender identity also apply to the Equal Credit Opportunity Act (ECOA).
The National Community Reinvestment Coalition (NCRC) has been awarded $1 million from the W.K. Kellogg Foundation to support racial equity research and training for lenders to expand access to credit and capital for small businesses owned by people of color.Â
Donald Trump’s victory four years ago was unimaginable to many, and an emotional blow that only got worse over time. Until now. The post election drama is mostly over. The Electoral College is done. We finally know: Joe Biden will be the 46th president, and Kamala Harris will be many firsts as vice president: Black, South Asian, woman, mom.
Change is on the way, but it won’t be easy Read More »
