Could a banking law designed to end redlining drive more capital into local journalism?
A consortium of news publishers wants federal regulators to update Community Reinvestment Act rules so banks do more to support minority-owned local journalism.
President’s working group calls on Congress to charter all stablecoin issuers
The report pushes policy in the right direction, but it stops short of action. The next step – selling stablecoin regulation to a divided Congress – could be much harder.
The Washington Post: Despite recent efforts, many obstacles to fixing the affordable housing problem
Essentially it boils down to a problem of money. Because of scant concern on the part of haves for housing affordability challenges faced by have-nots, relatively little political support exists for taxation needed to effectively address and solve affordable housing problems.
Vox: America has a housing segregation problem. Seattle may just have the solution.
Economist Raj Chetty found the program has “the largest effect I’ve ever seen in a social science intervention.”
Housing Wire: Fifth Third Bancorp to raise minimum wage to $18
Minimum wage earners will rake in about $500 more per month.
