Bloomberg Law: Bank Regulator to Repeal Trump-Era Community Lending Rules

Bloomberg Law, July 20, 2021, Bank Regulator to Repeal Trump-Era Community Lending Rules

The Office of the Comptroller of the Currency has officially abandoned Trump-era rules that revised how banks are graded on their lending to and investments in low-income communities.

The National Community Reinvestment Coalition and the California Reinvestment Coalition sued to block the OCC’s rules in June of last year.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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