An exhibit about the civil rights movement in Nashville proves Faulkner was right: The past isn’t dead. It isn’t even past.
The New York Times: Looking our racist history in the eye Read More »
Options are drying up for small businesses in areas of high money laundering risk.
Bloomberg Businessweek: The U.S.-Mexico border is becoming a banking desert Read More »
Secretary Betsy DeVos started to scale back protections for student loan borrowers last year.
Yale Law grad, and entrepreneur, Stacey Abrams, had to confront what could be her Achilles’ heel: debt
OZY: Contending with debt – 244 midterm candidates are in the red Read More »
Many Chinese have been left battered and baffled by the recent collapse of China’s peer-to-peer lending industry
The Washington Post: Chinese anger grows as ‘get rich quick’ investment schemes go bust Read More »
Researchers have a name for this displacement phenomenon- climate gentrification.
Huffington Post: Climate change is creating an affordable housing crisis in Miami Read More »
Bank of America has been accused of asking citizenship questions and for proof of residency, then freezing customers’ accounts after failing to properly recognize their current residency status.
“This is a case where making a better mousetrap doesn’t get around the fact that it’s a mousetrap,” says Jesse Van Tol, CEO for the National Community Reinvestment Coalition.
CityLab: It’s time to rewrite fair lending rules. (Just not like this.) Read More »
Comptroller of the Currency Joseph Otting “has said he wants to improve CRA, and if he does so in ways that increase lending and investments to low- and moderate-income communities, we will be the first to applaud it,” Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, said in a statement.
American Banker: Cheat sheet: 5 pressure points in CRA reform debate Read More »
Despite a growing economy, even the middle class is struggling to pay for rent, groceries, utilities or health care.
CBS: Almost half of Americans can’t pay for their basic needs Read More »
Federal policy prevented people of color from buying homes in certain neighborhoods. The effects of this racist policy, called redlining, shapes Tacoma neighborhoods decades later.
The News Tribune: How racism kept black Tacomans from buying houses for decades Read More »
“The Bureau’s current leadership folded to political pressure… and failed borrowers who depend on independent oversight to halt bad practices,” writes CFPB top official, Seth Frotman, in his resignation letter.
American Banker, August 28, 2018: OCC goes it alone on first step toward CRA overhaul The Office of the Comptroller of the Currency issued more than 30 questions Tuesday asking the public how it can revamp a 40-year-old law that grades banks on their lending to low- and moderate-income communities. The questions are included as
American Banker: OCC goes it alone on first step toward CRA overhaul Read More »
“To be sure, the Community Reinvestment Act, like most regulations, can be improved. We’re eager to work with the regulatory agencies, Congress, banks and the entire financial sector to modernize it,” writes Jesse Van Tol, chief executive at the National Community Reinvestment Coalition.
The New York Times: A green light for banks to start ‘redlining’ again Read More »
It is infuriating that officials have put the welfare of most Americans at risk to enrich the wealthiest few.
The New York Times: Inviting the next financial crisis Read More »
