Finland is experimenting with the idea of universal income — providing tax-free income — and the results are showing that this method could be successful if implemented nationwide.
WASHINGTON, DC — Today, the National Association of Realtors (NAR) announced a new GSEs plan to convert Fannie Mae and Freddie Mac into shareholder-owned utilities with a regulated and reliable rate of return. The plan calls for supporting the affirmative obligations as directed in the Housing and Economic Recovery Act (HERA), including the Enterprise housing […]
Big tech is causing a panic in the mortgage market. Tech companies are attempting to use their platforms to penetrate the financial services industry. Banks must now focus their efforts on technological systems in order to stay in the competition.
The folks at Village Capital over the last decade have been running a social science experiment that raises some interesting questions about whether the powers that be in Silicon Valley investing are really that all-knowing.
WASHINGTON, DC — Yesterday, the Consumer Financial Protection Bureau (CFPB) announced plans to do away with tougher payday loan restrictions that were developed during the Obama Administration but that weren’t scheduled to take effect until later this year. The new regulations would have limited the number of consecutive loans given, while also requiring lenders to […]
BB&T and Suntrust are now joining forces making them the sixth-largest US bank. The company will operate under a new, yet currently undetermined, name and its headquarters will be in Charlotte, North Carolina.
A wall was created in the 1930s for the sole purpose of segregating black and white residents. This wall still stands today — only for symbolic purposes — and is located only six miles away from the White House.
The racial wealth gap is increasing and the top 1% is getting wealthier.