Philanthropy News Network ALERT/Vol. 5 No. 16/October 25, 2000 ========================== The NAACP has launched a boycott of a number of banks the civil-rights organization feels do little to help minority lenders, businesses or communities. The organization based its call to action on a first-of-its-kind survey of these large financial institutions. Banks not helping black communities: The NAACP has released its first annual Banking Industry Report Card. It finds several of the nation's largest banks aren't helping blacks expand their economic vitality, and calls for a boycott of those companies... http://pnnonline.org/corporate_giving/naacp1025.adp SPECIAL NOTE: The October issue of the American Planning Association's monthly, PLANNING, contains a six page article, "Promises Made, Promises Kept: Threats Loom to the Community Revinvestment Act." Julie Bennett discusses Senate Banking, Housing & Urban Affairs Committee chair Phil Gramm's (Rep-TX) efforts to dramatically change or repeal the 1977 CRA & various analyses of the program's effectiveness, including an offering of federal & nonprofit website listings. APA's website is www.planning.org
