The eventual pick will likely encounter heavy scrutiny from senators and, if confirmed, would take the helm of an agency still defined by turmoil nearly seven years after its creation.
Regulators are working intently on a proposal to reform how they apply the Community Reinvestment Act after previous attempts to modernize CRA policy drew mixed reviews.
Banking, student loans, and more — all have been affected by the regulatory pullback.
A new report finds racial inequality persists 50 years after the Civil Rights Act of 1968.
According to a report published Wednesday by McKinsey, a consultancy, one area of the world where the banking industry is flourishing is Africa.
We need bipartisan support to end discrimination in lending, not to hide the data that exposes it. Read John Taylor and Marc Morial’s opposition to S. 2155, the #BankLobbyistAct.
NCRC has secured a grant from the W.K. Kellogg Foundation to probe banks’ small-business lending practices. It follows a 2017 pilot study in which the group found that white shoppers posing as business owners were three times more likely to be invited for follow-up appointments than their black counterparts and twice as likely to be offered help in completing loan applications.
Wells Fargo & Co. Chief Executive Officer Tim Sloan said last year that a wholesale makeover of his board would be “crazy.” Well, now it’s happening.
A number of civil rights and affordable housing groups, including NCRC, criticized the Fannie, Freddie reform bill as an “ill-conceived approach [that] places the risk on the backs of the hardworking families who already rescued the big banks.”