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.
John Taylor, President and Founder of the National Community Reinvestment Coalition, recently complemented BBVA Compass in light of its positive Community Reinvestment Act (CRA) performance ratings from the Federal Reserve Bank of Atlanta. BBVA Compass’ recognition stems from their dedication to servicing the credit needs in low-moderate income communities and their commitment to community development.
Senate Banking Committee Chairman Mike Crapo unveiled a new housing that would undermine the current successful affordable housing goals that’s been in place since 1922. Civil Rights advocates, including the National Community Reinvestment Coalition released joint statement expressing their disapproval of the senator’s new plan.
Gentrification is the renovation of neighborhoods to appeal to the middle class, mostly the white middle class. Boyle Heights — a Mexican neighborhood in Los Angeles — have been experiencing the symptoms of gentrification but the instigators for the change are, suprisingly, other Latinx people.