NCRC: Regulators Should Reject Circle’s Application For “The Most Dangerous Banking Charter Of The Century”
By NCRC
Stablecoin issuer Circle’s application for a national trust bank charter should be denied because of the company’s poor track record of compliance and the high likelihood it would harm consumers and communities, three dozen community organizations wrote Wednesday to regulators. [Read more]
Views
How Municipalities Can Better Leverage AFFH’s Community Engagement Requirement
By Nichole Nelson
All Americans deserve to live in inclusive communities where everyone has access to the resources that their communities desperately need. But a federal program designed to make that happen is going underused by local officials who often aren’t aware of its existence. If properly utilized, the program’s provisions towards creating more equitable housing outcomes would give neighborhoods a vital boost in uncertain economic times. [Read more]
Understanding SNAP’s E&T Programs And The Role Of Third-Party Providers
By Simon Wang
The Supplemental Nutrition Assistance Program (SNAP) provides assistance to low-income individuals and families for food purchases. That basic support is, ideally, a platform for SNAP recipients to advance up the economic ladder. High-quality educational opportunities, job and career training, and support services are important in helping those receiving SNAP benefits achieve economic self-sufficiency. [Read more]
Events
Advanced Financial Planning & Cash Flow Strategies: Plan For Long-term Growth
August 28, 10:00 am EDT – 11:30 am ET
Strong financial planning and cash flow management are critical for sustaining and scaling a successful business. In this advanced-level webinar, we’ll dive deeper into financial strategies that help business owners anticipate challenges, make data-driven decisions, and strengthen long-term stability. [Register here]
Becoming A HUD-Approved Housing Counseling Agency
September 9-10, 8 am - 5 pm ET
Are you considering becoming a HUD-Approved Housing Counseling Agency? This training will explore what is the commitment involved with being a HUD-approved agency, answer questions about the eligibility criteria and more, providing participants with an inside view of essential steps and criteria for obtaining HUD approval. [Register here]
In The News
As Crypto Trust Applications Grow, So Do Banks' Objections
By Ebrima Santos Sanneh, American Banker
Jesse Van Tol, President and CEO of the National Community Reinvestment Coalition, a consumer and community advocacy group, says that granting national trust charters to crypto firms could weaken consumer protections by allowing them to bypass stronger state-level safeguards. [Read more]
The Invisible Border We All Forgot About:
By Freddie, Medium
Evidence of redlining is distinctly seen today all over. “8.25 million people live in neighborhoods identified by the federal government 80 years ago as “hazardous” and redlined since that time, per 2020 Census data. More than three-quarters of these Americans identify as belonging to a minority group.” [Read more]
On Our Radar
Federal Banking Regulators Issue Statement On Banks’ Crypto-asset Activities
By John D. Socknat & Ronald K. Vaske, Ballard Spahr
Given the virtual nature of crypto-assets, and the potentially increased operational risks associated with crypto-asset safekeeping, a banking organization’s cybersecurity environment should be a key focus of risk management,” the agencies said. [Read more]
Resources
Work And Meet At The Just Economy Club It's aDC hubfor nonprofits and the social sector, around the corner from the White House. Move your team into a private office or host your meetings and events.[Read more]
Learning & Training Hub Register for NCRC's catalog of professional development courses.[Learn more]
Research And Reports We have an extensive library of research and reports that dates back many years![View all]
Fair Lending Tool Use our interactive tool to produce a report on mortgages, small business lending and bank branch networks for any city, county or metro area in the nation. [Access the tool here]
Sign And Share The Just Economy Pledge Help us expand the movement for a Just Economy. [Sign and Share]
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