In the latest sign that the Consumer Financial Protection Bureau is pulling back from aggressive enforcement, it dropped an investigation triggered by a 2013 ProPublica story about a lender that charges triple-digit interest rates.
Silicon Valley executive Anthony Noto has left Twitter to become chief executive officer of online lender Social Finance Inc
Reuters: Online lender SoFi nabs Twitter executive Noto as CEO Read More »
Interim Director Mick Mulvaney requested zero additional funds for the CFPB in the second quarter of fiscal year 2018.
American Banker: ‘I am not trying to starve the agency,’ CFPB chief reiterates Read More »
Gentrification has become a more capacious idea lately. The poor are still gentrification’s victims, but in this new meaning, the harm is not rent increases and displacement — it’s something psychic, a theft of pride and an appropriation of culture.
New York Times: When gentrification isn’t about housing Read More »
AmericanBanker, January 17, 2018: Mulvaney launches public review of entire CFPB The CFPB said it plans to publish a series of requests for information in the Federal Register in the coming weeks asking for the public to weigh in on the agency’s enforcement, supervision, rulemaking, market monitoring and education activities. “In this New Year, and under
AmericanBanker: Mulvaney launches public review of entire CFPB Read More »
Washington DC- John Taylor, President and CEO of the National Community Reinvestment Coalition, responds to the continuing resolution reopening the United States government on Monday, January 22nd. “Congress made an important stand last Friday but backed down too quickly. Democrats are running a high stake and risky gamble based on the assumption that the House of Representatives and
NCRC condemns the Senate’s continuing resolution without protections for Dreamers Read More »
Inequality is increasing social tensions and slowing economic growth. According to Josh Silver, there is a way to fight it.
Integration as a means of combating inequality Read More »
Robert Zdeneck’s new book (co-authored with Dee Walsh), “Navigating Community Development: Harnessing Comparative Advantages to Create Strategic Partnerships” how the community development field has evolved over the last 50 years. Read Shelterforce’s book review!
Shelterforce: Honing the “scale-up” of community development organizations Read More »
For years, banks have been fighting these requirements to lend to underprivileged people — and President Trump is listening as he continues his war on regulation. The irony is that these rules benefit the same “blue-collar people Donald Trump maintains he represents.
CNNMoney: Trump may weaken ‘outdated’ rules that force banks to lend to the poor Read More »
Larry Fink, chief executive of BlackRock, which manages $6 trillion in investments, told business leaders that if they want to do business with BlackRock moving forward, they’re going to need to contribute to society in addition to making a profit. It’s an enormous step from one of the world’s most influential money managers.
Impact Alpha: BlackRock just did one thing that changed the game for anyone who invests Read More »
The most significant attempt to loosen rules imposed in the wake of the 2008 financial crisis is underway in Congress as the Senate looks to pass legislation within the next month that would roll back restrictions on swaths of the finance industry.
New York Times: Democrats add momentum to G.O.P. push to loosen banking rules Read More »
This year we celebrate half a century of progress toward Dr. King’s work for racial and economic justice. But we do so in a country that remains divided, the nation of Charlottesville and #MeToo.
Honoring MLK: The unfinished business of our movement Read More »
Dear Representative, The undersigned civil rights, fair housing, consumer, and community organizations strongly urge you to oppose H.R. 2954, “the Home Mortgage Disclosure Adjustment Act”. The bill would undermine efforts to ensure that the nation’s mortgage lenders are serving all segments of the market fairly by exempting the vast majority of lenders from the updated
Oppose H.R. 2954 – “The Home Mortgage Disclosure Adjustment Act” Read More »
We must stand boldly against hate, and we must speak truth to power.
A $33 million dollar grant for undocumented immigrant graduates of US high schools with DACA status to go to college.
The Dream: Jeff and Mackenzie Bezos to fund 1,000 college scholarships for DREAMERS Read More »
