The Trump administration said Thursday that it would get poor people to work by letting state governments deny them Medicaid if they don’t have a job. The new policy would be attempting to solve a problem that doesn’t exist.
New York Times: The Trump plan to hurt the poor by pretending to help them Read More »
All signs point to Republicans next move– tear apart the social safety net.
Vanity Fair: With tax cuts in the bag, the White House ramps up it’s war on the poor Read More »
In a statement, 76 community groups (including NCRC) say that the delaying the rule by one year is tantamount to repealing the rule altogether.
The Trump administration has waived part of the punishment for five megabanks. One of the Trump administration waivers was granted to Deutsche Bank — which is owed at least $130 million by President Donald Trump and his business empire and has also been fined for its role in a Russian money laundering scheme.
While poor Americans are dying earlier, the rich are enjoying unprecedented longevity.
VOX: What the dip in US life expectancy is really about: inequality Read More »
Pleas for the entertainer to run for president point to a split over whether to treat Donald Trump as a dangerous anomaly or a particularly extreme Republican. She could be at once the Democratic Trump and also an anti-Trump.
The Atlantic: What the Oprah boomlet means for democrats Read More »
New research suggests that a more effective approach to changing the geography of poverty requires the expansion of effective public transportation systems.
The expectation that homeowners should be able to reach beyond their property lines has become deeply embedded. The new tax law has raised the possibility that homeownership may be losing some of its privileged status in American society, as the benefits of the mortgage interest and property tax deductions shrink.
NYT: How ‘Not in My Backyard’ became ‘Not in My Neighborhood’ Read More »
The U.S. Department of Housing and Urban Development (HUD) announced this week it is suspending the Affirmatively Furthering Fair Housing (AFFH) rule until 2020. The AFFH rule was passed in 2015 to provide jurisdictions with a long overdue roadmap and measurement tools to comply with the landmark Fair Housing Act (FHA).
HUD suspends AFFH, a key civil rights rule intended to fight housing discrimination Read More »
A new $200 million investment vaults GreenSky over Social Finance Inc. to become the most highly-valued online lender in the U.S.
WSJ: Who’s the Most Valuable Online Lender? After This Deal, It’s GreenSky Read More »
Mick Mulvaney intends to make all the drama surrounding his appointment as interim director of the Consumer Financial Protection Bureau worth it.
The Atlantic: Mick Mulvaney Is quickly deregulating the financial industry Read More »
Economics 101 suggests it’s time for a big migration west from the Rust Belt to the Boom Belt. But economists missed something important about these towns: They have social capital. Trust is what you might call the “magic fairy dust” that helps economies thrive.
NCRC’s interest here is to have a robust mortgage securitization system that insures all credit-worthy people have access to quality mortgages. Set them free to do what they have done well for millions of people over decades: help working-class Americans move from being renters to home owners.
Capital buffers for GSEs are fine. But what they really need is to be set free. Read More »
Fintechs are revolutionizing the financial market, but will they also modernize 21st century community reinvestment? Earlier this fall, the National Community Reinvestment Coalition met with Square officials to find out.
American Banker: Square to small banks: Don’t lump us in with Amazon and Facebook Read More »
