Mother Jones: PPP Lending Was Supposed to Help Small Businesses in Kansas City. That’s Not What Happened.
“You can’t call it anything but redlining: public sector reinforcing private-sector discrimination.”
“You can’t call it anything but redlining: public sector reinforcing private-sector discrimination.”
The OCC today granted conditional approval for a national trust bank charter to New York-based Paxos National Trust. Paxos—a cryptocurrency firm that proposed to provide “a range of services associated with digital assets” including custody services—will operate as an non-depository trust bank.
The move toward expanded digital services, pressures arising from the pandemic and a desire to cut costs has led to thousands of bank branches to close on both sides of the Atlantic, a pattern that seems irreversible to many observers.
Bicameral Legislation Would Produce Nearly 3 Million New Housing Units, Reduce Rents by 10% with No Deficit Impact; Bill Marks Important Step to Address the Racial Wealth Gap and Reduce Exclusionary Zoning Laws
A 2019 report by the National Community Reinvestment Coalition identified Washington as the nation’s most intensely gentrified city between the years 2000 and 2013, finding at least 20,000 Black residents had been displaced.
Vox, March 25, 2021, The filibuster’s racist history, explained The question of what to do about the filibuster — the once-arcane Senate rule that creates a de facto 60-vote threshold for major legislation — is arguably the most important topic in Washington, DC, right now. It is the main thing blocking Senate Democrats from approving
Vox: The filibuster’s racist history, explained Read More »
CNBC, March 25, 2021, ‘Super Bowl of tax reform’: Groups gear up for fight over Biden plan to raise taxes on rich, corporations Advocacy groups from across the political spectrum are preparing for an all-out war over President Biden’s coming tax reform proposal. The plan is expected to include tax increases on wealthier families and
The Washington Post, March 17, 2021, Opinion: Who will march for Asian Americans after the killings in Atlanta? On Tuesday, a 21-year-old White man was arrested and subsequently charged with killing eight people, six of them Asian women, at three spas in the Atlanta area. Though police are still determining his possible motive, the shootings were
NPR, March 16, 2021, Venture Aims To ‘Resurrect And Reimagine’ Anti-Slavery Newspaper For The 21st Century The summer of 2020 ignited a wave of nationwide protests and renewed calls for racial justice across the U.S. Now, a new media platform aims to be at the forefront of that push. The Boston Globe and Boston University Center for Antiracist Research
NPR, March 9, 2021, Results From The City That Just Gave Away Cash In 2012, when Michael Tubbs was a city council member in Stockton, Calif., the city was going through a tough time. It was dealing with the fallout from the financial crisis. It was working its way through a bankruptcy. It was also
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Reverse Mortgage Daily, March 11, 2021, FHA Officially Drops LIBOR for Adjustable-Rate Reverse Mortgages, Adopts SOFR The Federal Housing Administration (FHA) on Thursday officially announced that the Home Equity Conversion Mortgage (HECM) program is moving on from the London Interbank Offered Rate (LIBOR) index for adjustable-rate HECMs, and will instead adopt the Secured Overnight Financing
The 19th, March 9 , 2021, On Asian American and Pacific Islander Women’s Equal Pay Day, the numbers only tell part of real story For Asian American and Pacific Islander women who have long felt invisible in the nation’s response to economic inequity, the pandemic has been no different. The federal data on how Asian
The Hill, March 10, 2021, Senate confirms Fudge as Housing secretary The Senate on Wednesday confirmed Rep. Marcia Fudge (D-Ohio) to lead the Department of Housing and Urban Development (HUD) by a solid bipartisan margin. Senators approved Fudge’s nomination to be HUD secretary on a 66-34 vote. She will be the first woman to hold the position
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The Guardian, March 24, 2021, Big banks’ trillion-dollar finance for fossil fuels ‘shocking’, says report The world’s biggest 60 banks have provided $3.8tn of financing for fossil fuel companies since the Paris climate deal in 2015, according to a report by a coalition of NGOs. Despite the Covid-19 pandemic cutting energy use, overall funding remains
NPR, March 24, 2021, Asian Grandmother Who Smacked Her Attacker With A Board Donates Nearly $1 Million Xiao Zhen Xie, the 75-year-old woman who was punched by a white man in San Francisco — and then fought back by smacking him with a board — will not keep the nearly $1 million that has been
NPR: Asian Grandmother Who Smacked Her Attacker With A Board Donates Nearly $1 Million Read More »