The proposed merger between BB&T and SunTrust Banks cleared another hurdle Wednesday as lawmakers questioning the companies’ chief executives showed little interest in slowing the deal.
American Banker: House lawmakers go light on BB&T-SunTrust merger Read More »
More than 50 years after the federal Fair Housing Act took aim at discrimination in the housing market, and four decades after the Home Mortgage Disclosure Act did the same by shining a light on lending practices, blacks are still twice as likely as whites to be denied a mortgage, according to a new national study.
The Buffalo News: ‘American dream’ still comes in black and white Read More »
Even when older plaintiffs win their suits, correcting institutional biases can take years.
The New York Times: Discrimination is hard to prove, even harder to fix Read More »
SunTrust and BB&T’s $60 billion merger, which would create the country’s sixth-largest bank, will face its biggest test yet Wednesday when the banks’ CEOs face off against skeptics in the House.
On Tuesday, Senator and Democratic presidential candidate Kamala Harris announced that she is teaming up with House Judiciary Chair Jerry Nadler to co-sponsor the MORE Act of 2019, a bill that would decriminalize marijuana on the federal level and expunge low-level marijuana possession convictions.
Rolling Stone: Sen. Kamala Harris introduces law to federally legalize, tax marijuana Read More »
When it comes to Washington, D.C., and the ever-shifting racial statistics of its population, gentrification is always a topic of discussion.
WHUR 96.3: DC gentrification report Read More »
The world’s largest retailer is partnering with Realogy, the largest U.S. residential brokerage, to match homebuyers with real estate agents through a program called TurnKey.
Housing Wire: Amazon and Realogy gang up on Zillow to entice homebuyers Read More »
Most states lean heavily on lower-income families. An Illinois referendum is a step toward correcting the problem.
The New York Times: State and local taxes are worsening inequality Read More »
Communities in western Montgomery County that are home to low- and moderate-income potential borrowers for mortgage loans, small businesses with revenues of less than $1 million and selected non-profit organizations all are among those who may benefit from a three-year, $60 billion lending fund being assembled by two banks planning to merge this fall.
The Post: Bank merger fund could benefit western county Read More »
More than 50 years after the Fair Housing Act of 1968 outlawed housing discrimination on the basis of race, sex, national origin and religion, segregation persists in some of America’s largest cities.
24/7 Wall St.: 25 most segregated cities in America Read More »
“We use and celebrate the $60 billion number because it is a way for people to understand that this is a big deal, this is significant,” Van Tol said. “But the quality is the more significant thing. Our whole process is aimed at meaningful commitments.”
American Banker: Inside BB&T-SunTrust’s community reinvestment plan Read More »
Student debt is often thought of as a generational issue, plaguing 20- and 30-somethings as they make their way into adulthood. And while it’s true that young adults are coping with levels of student debt rarely experienced by their parents and even older siblings, perhaps one of the biggest factors defining a borrower’s student loan experience is their race.
L.A.’s 2018 push for public banking zeroed in on its potential to serve cannabis companies, as many traditional banks won’t while the sale of marijuana is illegal at the federal level, but his time around, activists and legislators in California cities are focusing on what public banking could do to help cities finance affordable housing, shrink inequality and bolster climate change resilience efforts.
CityLab: Could public banks help California fund affordable housing? Read More »
In increasingly expensive D.C., about 20% of residents in Wards 7 and 8 anticipate being unable to afford their home and needing to move in the next three years.
After two years of independently led organizing, the residents of Savannah Apartments are finally able to secure permanent affordability for their homes.
Greater Greater Washington: This Congress Heights housing will be permanently affordable Read More »
