As the Trump administration withdraws from enforcing consumer protection and fair lending law, state attorneys general are stepping into the breach.
Reveal: State attorneys general probe lending disparities Read More »
Bill would weaken the government’s ability to enforce fair lending requirements, making it harder to root out predatory lenders.
The eventual pick will likely encounter heavy scrutiny from senators and, if confirmed, would take the helm of an agency still defined by turmoil nearly seven years after its creation.
American Banker: Five questions for CFPB nominee to replace Mulvaney Read More »
Newly released provisions would allow Equifax and its industry peers to enter the mortgage market while shielding them from consumer lawsuits.
Politico: Senate banking bill rewards Equifax despite privacy breaches Read More »
In a final indignity, Sen. Tim Kaine, D-Va., has offered a fair lending amendment, while acknowledging that the amendment probably wouldn’t get a vote
Carson has come under significant criticism since HuffPost first reported Wednesday that HUD was changing its mission statement.
Regulators are working intently on a proposal to reform how they apply the Community Reinvestment Act after previous attempts to modernize CRA policy drew mixed reviews.
American Banker: Will CRA finally get its makeover? Read More »
Today we see a whitewashed version of King’s legacy, an image rehabilitated for white consumption and black mollification.
The Atlantic: The whitewashing of King’s assassination Read More »
Jobless rates among working-age men have been growing nationwide for decades now, especially in the Eastern Heartland.
Vox: Larry Summers makes the case for a government bailout of the American heartland Read More »
NYT’s obituaries for remarkable women who left indelible marks but were nonetheless overlooked.
New York Times: Overlooked Read More »
Democrats are teaming with Republicans to rollback Dodd-Frank regulations.
The Intercept: Revenge of the stadium banks Read More »
The undersigned civil rights, fair housing, consumer, and community organizations write to highlight our strong concerns with Section 104 of S. 2155, “the Home Mortgage Disclosure Act Adjustment and Study”. The tiered reporting proposed in Section 104 for banks and credit unions would undermine efforts to ensure that the nation’s mortgage lenders are serving all segments of the market fairly. The provisions would exempt 85% of depositories from the updated reporting required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).
A study found that minorities are denied mortgages more than whites, even when accounting for income and other factors.
The New York Times: The race-based mortgage penalty Read More »
The resignation of National Economic Council Director Gary Cohn costs banks a top ally in the Trump administration and will likely further slow agency appointments.
American Banker: The end of ‘In Gary We Trust’: Cohn’s departure a blow to banks Read More »
Banking, student loans, and more — all have been affected by the regulatory pullback.
