In the News

American Banker, October 24, 2023, Banking And Community Advocacy Groups Trade Accusations Of Dirty Pool  WASHINGTON — The American Bankers Association and the National Community Reinvestment Coalition are engaged in an unusual exchange of accusations of intimidation and misrepresentation that puts regulators in the middle of the clash, according to letters obtained by American Banker.  …

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Off Plan Property Exchange, October 20, 2023, How Redlining Continues To Shape Property Values And Neighborhoods Today In the annals of American history, redlining holds a notorious position as a discriminatory practice that has shaped the landscape of urban neighborhoods and property values. Despite its official abolishment in the late 1960s, the legacy of redlining …

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ViaNolaVie, October 20, 2023, Historic Preservation In New Orleans By the 1980s, New Orleans’ economy was changing. A new convention center and the Superdome provided new and exciting event spaces. The oil industry had faltered, and “by March 1986, the oil bust had caused Louisiana’s unemployment rate to hit 13.2 percent, the highest in the country …

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NBC News, October 20, 2023, Black Entrepreneurs And DEI Efforts Face Complaints And Lawsuits — For Racial Discrimination Just months after the Supreme Court struck down affirmative actionin higher education, conservatives have set their sights on a new target: initiatives meant to close racial disparities in business.  Black business owners typically receive less than 2% of …

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Muncie Journal, October 20, 2023, First Merchants Bank Remains Community Focused As It Continues To Grow First Merchants Bank is a familiar name for residents of Delaware County – as it should be since the bank recently celebrated its 130th anniversary. With locations in four states, First Merchants Bank has grown into a large corporation, …

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Newsbreak, October 20, 2023, Pennsylvania Customers Disrupted As More Bank Branches Prepare To Shutter Major banks continue to push customers toward online banking as they close locations across the United States. Each week, the Office of the Comptroller of the Currency (OCC) releases a bulletin of banks set to close, and the list continues to …

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The Sun, October 10, 2023, Major Bank Closures Hit Over 1,000 Locations Across 5 US States With Wells Fargo Leading Pack By Shutting 267 Branches The banking industry has witnessed over 1,000 retail branch locations close already in 2023. In 2021, Wells Fargo lead the pack with 267 closures, per S&P Global Market Intelligence Data …

The Sun: Major Bank Closures Hit Over 1,000 Locations Across 5 US States With Wells Fargo Leading Pack By Shutting 267 Branches Read More »

Business Wire, October 10, 2023, Wolters Kluwer Announces Keynote Speakers For The 27th CRA & Fair Lending Colloquium Wolters Kluwer Compliance Solutions will host its 27th annual CRA & Fair Lending Colloquium November 13-16 in Austin, Texas. Kristen Clarke, Assistant Attorney General for Civil Rights at the U.S. Department of Justice, will present the keynote address on Monday, November 13. Jesse Van …

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The Sun, October 10, 2023, Final Hours Until Wells Fargo Closes Two Locations As 100 Are Set To Shut Down This Year Two more Wells Fargo branch locations are set to shutter in New Mexico on October 4. Banks have pointed to plans to digitize as the main culprit for the closures, but the rate has shocked some lawmakers into action. Around one-third of …

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Next Pittsburgh, October 10, 2023, South Side’s Tarnished Reputation May Be Contributing To Its Gentrification Over the past two years, violence on East Carson Street has kept the community in the media spotlight. Responses have been swift: new policing initiatives and the formation of the South Side Community Action Network (SouthSideCAN). Yet, the South Side continues to …

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Source NM, October 10, 2023, Colorado River Officials To Expand Troubled Water Conservation Program In 2024 Colorado River officials plan to expand a conservation program next year that pays farmers and ranchers to use less water. But questions remain about some of the proposed ideas and the program’s overall efficacy. The state initially launched the System …

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PBS, October 10, 2023, In This 5k, Runners Experience The History And Resilience Of North St. Louis North St. Louis has endured decades of disinvestment and systemic racism. On maps from the 1930s, federal agencies designated much of the area “hazardous” or “definitely declining.” The practice of redlining, or systemically denying a person mortgages, insurance …

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Bloomberg Law, October 3, 2023, Banks, Realtors Push US Agencies to Cap Home Appraisal Do-Overs Banks and realtors urged federal regulators to limit the number of times a potential homebuyer or seller can challenge an appraisal of the property’s value. Five agencies proposed guidance in June seeking to make it easier for consumers to ask …

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Axios, October 3, 2023, How New Bank Capital Rules Could Hit Black Borrowers Hardest New Federal Reserve rules meant to make big banks safer — the set of plans known as Basel Endgame — would make it even harder for low- and middle-income Americans, a group that includes a disproportionate number of Black Americans, to get a …

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Lawyers Committee For Civil Rights Under Law, October 3, 2023, Lawyers’ Committee Calls on the Supreme Court to Uphold Chevron, Citing Impacts on Civil Rights if Overturned The Lawyers’ Committee for Civil Rights Under Law – in collaboration with Pro Bono counsel Moore & Van Allen, PLLC – led a group of civil rights organizations …

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