American Banker: Think reg relief was hard to pass in Senate? Wait for House

American Banker, March 15, 2018: Think reg relief was hard to pass in Senate? Wait for House

One day after the upper chamber passed a regulatory relief package, top House Republicans insisted that they plan to be involved crafting a final banking bill before it heads to the White House. That raises fresh questions about how quickly the most likely set of reforms since the Dodd-Frank Act can become a reality.

“I’ve talked to colleagues both on the [House Financial Services] committee and off the committee who look at this and say, why in the world is this viewed as a ceiling, not a floor?” said Rep. Bill Huizenga, R-Mich.

Any changes that expand the regulatory relief bill could pose new complications if it forces moderate Democrats in the Senate, who have already faced criticism for supporting Mike Crapo, R-Idaho from within their own caucus, to sour on the deal.

Most analysts still believe the odds favor the bill becoming law, but they warn that the process in the House could slow things down, delaying enactment.

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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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