The community and socio-economic effects of BB&T Corp. buying SunTrust Banks Inc. dominated the first of two public regulatory meetings about their proposed $66 billion megadeal.
Washington, D.C., apparently is the capital of the Gentrification Nation too. Gone are many of the decaying structures and dilapidated blotches of disrepair. And gone are some of the small black businesses and shops near Howard University’s main campus.
The Undefeated: Gentrification encroaches on Howard and Texas Southern campuses Read More »
Small banks and credit unions could get a break on providing mortgage data to the government under a plan released Thursday, reducing the amount of borrower information collected under a law aimed at preventing lending discrimination.
The Wall Street Journal: Plan aims to ease an antibias law’s mortgage-reporting rules Read More »
On April 30, Cheryl Davila and Ben Bartlett told their colleagues on the Berkeley City Council that the city should draft “rules and regulations to halt the loss of people of color including the African Americans” and develop a “right of return” for Berkeley residents of color who have been displaced but would like to come back.
Slate: Gentrification got gentrified Read More »
The CRA, a decades-old law meant to ensure banks meet the credit needs of the communities they serve, is in need of an update. While 98% of banks get a passing grade on their CRA exams, it’s not always clear that their investments are actually benefiting locals.
Next City: New Orleans Needs a Stronger, Not a Weaker Community Reinvestment Act Read More »
Economic inequality is perhaps the most significant issue animating the upcoming presidential race. After four decades of economic polarization, there’s growing debate about how to put ordinary Americans back on a secure footing.
Merger partners SunTrust Banks Inc. and BB&T pledged a greater commitment to the community Thursday at a joint meeting of the Federal Reserve Board and the Federal Deposit Insurance Corporation.
Atlanta Business Chronicle: SunTrust, BB&T tout merger benefits Read More »
The biggest proposed bank merger since the 2008 financial crisis is drawing flak from Sen. Elizabeth Warren and other key Democrats, who warn that it could create another institution so large that its failure would threaten the economy.
Politico: Warren, Brown raise alarms about biggest bank merger since crisis Read More »
Eurweb.com, April 25, 2019: Charlene Crowell: Nation’s racial wealth divide worsens with federal tax cut If you’re like me, every time you hear a news reporter or anchor talk about how great the nation’s economy is, you wonder what world they are living in. Certainly these journalists are not referring to the ongoing struggle to
Eurweb.com: Charlene Crowell: Nation’s racial wealth divide worsens with federal tax cut Read More »
Data is the sunlight that makes possible the fight against discrimination. The Consumer Financial Protection Bureau (CFPB), however, is considering changing its method of disseminating loan data that would make it less readily available to the public and significantly hamper our collective ability to root out unfair and discriminatory practices.
The CFPB needs to keep easy access to HMDA data Read More »
RVA Mag, April 23, 2019: Fighting for food justice in a gentrified Richmond Across the city, gardens have emerged in communities of color, but the stewards don’t always match the neighborhood demographic. Without representation and community ownership, are these spaces making the food system more equitable? Not according to food justice activists like Duron Chavis,
RVA Mag: Fighting for food justice in a gentrified Richmond Read More »
AL.com, April 24, 2019: Mayor: Economic growth that’s equitable and inclusive As mayor, I have been intentional about embracing downtown development and driving an inclusive economy that empowers Birmingham residents to take control of their own economic future. This year, we secured a $25 million commitment from the National Community Reinvestment Coalition for affordable housing.
AL.com: Mayor: Economic growth that’s equitable and inclusive Read More »
PATCH, April 24, 2019: New Map Shows Gentrification In Minneapolis A new interactive map shows which Minneapolis neighborhoods have been gentrified and, consequently, which groups of people were ultimately forced out of their homes. The map was included as part of a major new study published last month by the National Community Reinvestment Coalition, a
PATCH: New Map Shows Gentrification In Minneapolis Read More »
By 2021, the most popular and widely-used interest-rate benchmark, the London Interbank Offered Rate (LIBOR), will no longer exist as a benchmark for the $2 trillion in outstanding loans in the United States. In its place will most likely be the Secured Overnight Financing Rate (SOFR), which is broadly considered to be more robust and realistic than LIBOR. Nearly every borrower in the country that is paying off debt that is set based on the LIBOR will be affected by this change.
By 2021, big changes for interest rates could spell trouble for borrowers Read More »
The National Community Reinvestment Coalition has hired Sabrina Terry at the new director of Strategic Partnerships and Initiatives.
NCRC hires new director of strategic partnerships, initiatives Read More »
