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.
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 »
An analysis of 31 million mortgage records made available under the Home Mortgage Disclosure Act found 61 metro areas across America where people of color were denied conventional home purchase loans at significantly higher rates than whites.
WTOP: Kept out: loophole in law for the poor spurs gentrification Read More »
The Community Reinvestment Act is worth strengthening to fight discrimination.
Bloomberg: Banks still need a nudge to be colorblind Read More »
As regulators look to update the Community Reinvestment Act, they should better integrate online and mobile banking activity as part of exam performance.
American Banker: BankThink digital banking needs to be front and center in CRA reform Read More »
