According to a report published Wednesday by McKinsey, a consultancy, one area of the world where the banking industry is flourishing is Africa.
USA Today: Africa’s banks are doing what U.S. banks aren’t: Winning Read More »
We need bipartisan support to end discrimination in lending, not to hide the data that exposes it. Read John Taylor and Marc Morial’s opposition to S. 2155, the #BankLobbyistAct.
HUD officials spent $31,000 on a new dining room set for Secretary Ben Carson’s office.
New York Times: Ben Carson’s HUD Spends $31,000 on Dining Set for His Office Read More »
Regulators plan to have a revamped version of CRA rules ready for distribution by the end of March.
American Banker: New CRA proposal scheduled for release in March: OCC’s Otting Read More »
Not only is hate-tweeting articles a real thing, it may be the dominant mode for how minorities talk about media coverage about their communities.
Co.Design: Two Charts Showing How The Mainstream Media Gets Minorities Wrong Read More »
A trend has swept across government since Trump took office—a gutting of anti-discrimination measures across the financial services, including mortgages, car loans, payday loans, and more.
Senate bill would exempt regional lenders from post-crisis oversight rules
Financial Times: Democrats get campaign cash from banks ahead of deregulation vote Read More »
HMDA is the key to preventing predatory behavior, not the cause of it, so how can an economics professor from George Washington University claim that HMDA can facilitate large-scale identity theft?
NCRC has secured a grant from the W.K. Kellogg Foundation to probe banks’ small-business lending practices. It follows a 2017 pilot study in which the group found that white shoppers posing as business owners were three times more likely to be invited for follow-up appointments than their black counterparts and twice as likely to be offered help in completing loan applications.
American Banker: Mystery shoppers search for signs of discrimination in business lending Read More »
The W.K. Kellogg Foundation has contributed a $1.2 million grant to the National Community Reinvestment Coalition, which will support a three-year investigation of small business lending practices at banks in three US metropolitan areas.
$1.2 million grant to investigate banking discrimination in small business lending Read More »
That the legislation is coming 10 years after the worst credit crunch since the Great Depression has fueled passions around the debate.
Politico: A decade after meltdown, Senate moves to roll back bank rules Read More »
The president’s 2019 budget proposal presents a profoundly troubling vision for our nation’s working class.
How many cuts does it take to kill the middle class? Read More »
Within days of the mass shooting at Marjory Stoneman Douglas High, a group of students had organized to advocate for change.
The New Yorker: How the survivors of Parkland began the never again movement Read More »
A new Gospel of Wealth is needed?—?one that espouses shared prosperity and conceding power, while building a more just society.
BALLE Views: Wealth Inequality and The Fallacies of Impact Investing Read More »
Reveal exposes modern-day redlining is occurring in at least 61 US cities. In Philadelphia, black applicants there were almost three times as likely to be denied a conventional home purchase loan as white applicants. And this discrimination isn’t just a few banks, nearly two-thirds of mortgage lenders are still discriminating against clients of color.
Reveal: For people of color, banks are shutting the door to homeownership Read More »
