Louisville Business First: Here are the Louisville Bank Branches that Closed in the Second Quarter
According to a report by the National Community Reinvestment Coalition, from 2017 to 2020, banks closed 4,407 branches.
Next City: How to Evaluate a Bank’s Community Reinvestment Act Evaluation
The National Community Reinvestment Coalition has long advocated for “more nuance” in CRA ratings — and you can see in the chart above how regulators have started nodding to the need for more nuance, given the five performance levels for the different areas examined within the evaluation.
Next City: How to Evaluate a Bank’s Community Reinvestment Act Evaluation Read More »
The Philadelphia Tribune: JPMorgan is Calling for Reforms to Stop Racial Bias in Housing
“The hill is very steep,” said Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a group that promotes fairness in banking and housing. “I don’t think we’ve even begun to put a dent in that problem.”
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Forbes: Finding Fintech Opportunities Where Others Don’t
The United States is a nation of immigrants.
Forbes: Finding Fintech Opportunities Where Others Don’t Read More »
The New York Times: Since When Have Trees Existed Only for Rich Americans?
Across the nation, the wealthier and whiter your neighborhood is, the greener the view from your window is likely to be.
The New York Times: Since When Have Trees Existed Only for Rich Americans? Read More »
The Hill: Lawmakers Debate Bill Mandating Racial Equity Audits at Firms
The draft legislation would authorize $3 billion to create an Office of Reparations Program at the Treasury Department, which would provide grants for homeownership, startup capital and funded savings for Black communities.
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FINRA: FINRA Orders Record Financial Penalties Against Robinhood Financial LLC
Firm Ordered to Pay Approximately $70 Million for Systemic Supervisory Failures and Significant Harm Suffered by Millions of Customers.
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Bloomberg: The Real Lender on Your Mortgage Could Be the Federal Reserve
The Fed is scarfing up a large share of all newly issued mortgage-backed securities.
Bloomberg: The Real Lender on Your Mortgage Could Be the Federal Reserve Read More »
The Philadelphia Inquirer: N.J. Hospitals Can Now Build Housing for Those Experiencing Homelessness, Connecting Need to Services
The idea is that permanent, stable housing is a key to good health.
NPR: The Supreme Court Leaves The CDC’s Moratorium On Evictions In Place
The Biden administration has said it does not plan to extend the moratorium any further.
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The Washington Post: Inspector General Overseeing Federal Housing Agency Resigns, Months After Watchdog Report Finds Abuse of Authority
It was unclear whether the Biden administration would remove Laura Wertheimer following other leadership changes at the Federal Housing Finance Agency.
The New York Times: Dispossessed, Again: Climate Change Hits Native Americans Especially Hard
Many Native people were forced into the most undesirable areas of America, first by white settlers, then by the government. Now, parts of that marginal land are becoming uninhabitable.
The New York Times: How Two Start-Ups Reaped Billions in Fees on Small Business Relief Loans
Blueacorn and Womply processed one-third of all Paycheck Protection Program loans this year, stepping in when big lenders wouldn’t.
The Christian Science Monitor: What Does Systemic Racism Mean to You?
Disagreements over phrases like “systemic racism” can make it difficult for opposing sides to notice when they share common values.
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American Banker: Fintechs Seek CFPB Guidance on Making AI-Based Lending Fair
Six fintech companies and the National Community Reinvestment Coalition are asking the Consumer Financial Protection Bureau to provide guidance on how to use artificial intelligence in lending decisions without running afoul of fair-lending laws.
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