Kathleen Kraninger, director of the Consumer Financial Protection Bureau, announced the plan to eliminate almost every regulation requirement affecting the payday loan industry.
The New York Times: Consumer protection bureau cripples new rules for payday loans Read More »
Having privilege in society makes it easier to become successful that those without. Privilege is not a guarantee but it is definitely a head start.
The Guardian: The class pay gap: why it pays to be privileged Read More »
Finland is experimenting with the idea of universal income — providing tax-free income — and the results are showing that this method could be successful if implemented nationwide.
Washington Post: Finnish basic income trial: creates happiness, but not jobs Read More »
Striving to eliminate the economic and political power that billionaires can exercise should be an overarching goal for the American people.
The New York Times: Abolish billionaires Read More »
Big tech is causing a panic in the mortgage market. Tech companies are attempting to use their platforms to penetrate the financial services industry. Banks must now focus their efforts on technological systems in order to stay in the competition.
The folks at Village Capital over the last decade have been running a social science experiment that raises some interesting questions about whether the powers that be in Silicon Valley investing are really that all-knowing.
Recode: A new and intriguing idea to increase investment in women-led startups Read More »
BB&T and Suntrust are now joining forces making them the sixth-largest US bank. The company will operate under a new, yet currently undetermined, name and its headquarters will be in Charlotte, North Carolina.
CNN: BB&T and Suntrust announces $66 billion merger, creating the sixth-largest US bank Read More »
A wall was created in the 1930s for the sole purpose of segregating black and white residents. This wall still stands today — only for symbolic purposes — and is located only six miles away from the White House.
The racial wealth gap is increasing and the top 1% is getting wealthier.
The Guardian: How the 1% profit off of racial economic inequality Read More »
Montana, Utah, and their surrounding states are experiencing rapid rates of forest decimation and this is resulting in large amounts of carbon emission.
Washington Post: Gone in a generation Read More »
John Taylor, President and Founder of the National Community Reinvestment Coalition, recently complemented BBVA Compass in light of its positive Community Reinvestment Act (CRA) performance ratings from the Federal Reserve Bank of Atlanta. BBVA Compass’ recognition stems from their dedication to servicing the credit needs in low-moderate income communities and their commitment to community development.
Senate Banking Committee Chairman Mike Crapo unveiled a new housing that would undermine the current successful affordable housing goals that’s been in place since 1922. Civil Rights advocates, including the National Community Reinvestment Coalition released joint statement expressing their disapproval of the senator’s new plan.
Gentrification is the renovation of neighborhoods to appeal to the middle class, mostly the white middle class. Boyle Heights — a Mexican neighborhood in Los Angeles — have been experiencing the symptoms of gentrification but the instigators for the change are, suprisingly, other Latinx people.
Vice: What happens when Latinx people gentrify Latinx communities Read More »
The government’s role in housing finance can possibly be solved with a bipartisan compromise. Both sides of the aisle have agreeable issues with the current system such as taxpayer exposure to risk and the current support of Fannie Mae and Freddie Mac.
S&B Global compared correlations between gender diverse companies and their revenue. Their data showed that gender diverse companies have higher earnings and productivity compared to companies that are male dominated.
NBC News: How gender equality is a growth engine for the global economy Read More »
