Federal policy prevented people of color from buying homes in certain neighborhoods. The effects of this racist policy, called redlining, shapes Tacoma neighborhoods decades later.
“The Bureau’s current leadership folded to political pressure… and failed borrowers who depend on independent oversight to halt bad practices,” writes CFPB top official, Seth Frotman, in his resignation letter.
American Banker, August 28, 2018: OCC goes it alone on first step toward CRA overhaul The Office of the Comptroller of the Currency issued more than 30 questions Tuesday asking the public how it can revamp a 40-year-old law that grades banks on their lending to low- and moderate-income communities. The questions are included as […]
“To be sure, the Community Reinvestment Act, like most regulations, can be improved. We’re eager to work with the regulatory agencies, Congress, banks and the entire financial sector to modernize it,” writes Jesse Van Tol, chief executive at the National Community Reinvestment Coalition.
It is infuriating that officials have put the welfare of most Americans at risk to enrich the wealthiest few.
When my wife and I adopted our daughter from Ethiopia in 2010, we did so full of hope. In the years since, we’ve faced ugliness that has robbed us of our optimism—and left us fearful for the future of our country.
The problem of Confederate monuments points to a larger, persistent conviction among some white Americans that racial equality brings white oppression in its wake.
Society’s winners can seem so generous, until you consider what they’re really selling.
Anything less than a complete revolution that tore down the bigoted and patently unfair systems of mass incarceration would be a severe disappointment.
Silent Sam is a Confederate soldier statue on the campus of the University of North Carolina, and Monday night, after years of controversy, a group of students pulled it down.