In the News

Yahoo! Finance, March 3, 2025, Redlining In Real Estate: How Discriminatory Practices Still Affect Black Communities According to Q4 2024 Federal Reserve Economic Data (FRED), over 74% of white residents own their homes — a stark difference from the 46.4% homeownership rate for Black residents. Limited access to credit, institutionalized by redlining, is just one […]

Navajo-Hopi Observer, March 18, 2025, Change Labs Offers Navajo Entrepreneurs Tools For Business Success After working with the nonprofit, her company has won the Phoenix Indian Center’s Business of the Year for the American Indian Excellence in Leadership Award in 2024. Change Labs receives funding from a variety of places, including Wells Fargo Bank’s Invest

The Banker, February 18, 2025, What’s next for the Consumer Financial Protection Bureau? Critics say the move effectively stops the CFPB from doing much of its work. Jesse Van Tol, president of the National Community Reinvestment Coalition, a non-profit organisation, said Vought is “illegally trying to shut down a congressionally created agency”, referring to the

Politico, February 14, 2025, DOGE discussing Housing Department layoffs “I’m not particularly optimistic about DOGE’s impact on federal agencies,” said Jesse Van Tol, the president and CEO of the National Community Reinvestment Coalition, a group of nonprofits that promote economic development Van Tol said the impact of DOGE’s HUD layoffs would reverberate quickly. “You shut

BET, February 6, 2025, The Timeline: Black Homeownership Generational wealth is at stake as the fight for Black homeownership continues under a government hostile to equity. “I’m pretty concerned that we’re going to see two things: the first will be a lack of enforcement so that lenders who are not lending in redlined communities, who

Citylimits, February 6, 2025, Tale of Two Cities: Report Finds Stark Racial Wealth Gap Among New Yorkers “The gains in average wealth of white households have come from multiple sources including business assets and rental properties while Black and Hispanic households’ gains have come overwhelming[ly] from home equity,” said Joseph Dean, racial economic junior research

Housingwire, February 3, 2025, New CFPB director Bessent orders agency to stop working The Trump administration’s move to stop the CFPB’s work “means inviting scammers and swindlers into working families’ bank accounts,” said Jesse Van Tol, President and CEO of the National Community Reinvestment Coalition. “It means instability, uncertainty and exposure. Chaos only benefits bad actors. I

Daily Hampshire Gazette, February 3, 2025, Treehouse Names Erika Kuester New Leader During ‘pivotal’ Time For Nonprofit Kuester brings a deep history of community organizing work to her new role, previously working for organizations such as Leadership for Educational Equity, National Community Reinvestment Coalition, and Direct Action & Research Training. Throughout her years of work

Westworld, February 2, 2025, Opinion: Denver Is Doubling Down on a Decade of Failed Policies In 2020, the National Community Reinvestment Coalition ranked Denver as the second most gentrified city in the nation. The top-ranked city, San Francisco, offers a cautionary tale: Restrictive housing policies have driven land values and rents far beyond what working-class

Real Estate News, February 5, 2025, Consumer Financial Protection Bureau faces new threat  The motivations behind the proposal: Cruz said the CFPB, which is an independent government agency, is “an unelected, unaccountable bureaucratic agency that has imposed burdensome and harmful regulations on American businesses, banks, and credit unions.”  Elon Musk is not a fan either, saying in

Bloomberg Law, January 24, 2025, Wall Street Watchdogs Scrub DEI Pages After Trump Orders (1) Lawmakers also explicitly required financial regulatory agencies to establish the minority and women inclusion offices under Section 342 of the Dodd-Frank Act, with the goal of attracting talent, fostering inclusion, and developing standards to assess diversity policies and practices among regulated entities.

American Banker, November 14, 2024, What would Matt Gaetz as attorney general mean for banks? Regardless of whether Republicans will vote to confirm Gaetz given the allegations against him, his stance as a skeptic of mergers and his previous work investigating banks as part of his House committee assignment shows that the Trump administration is

Study Finds, September 3, 2024, Bank Bias? Highly Qualified Black Entrepreneurs Still Offered Worse Loans, Service Discussion and TakeawaysThe study’s findings underscore the persistent problem of racial discrimination in financial services and its detrimental effects on both customers and businesses. The researchers emphasize the need for a multi-faceted approach to address this issue, involving financial

Patch: Fair Appraisals, September 12, 2024, New Jersey Passes Housing Discrimination Law Attorney General Matthew Platkin said he supports the state’s new law as yet another way to fight back against the racial wealth gap. “Discrimination in the housing appraisal industry has prevented far too many – particularly people of color – from acquiring the

Bloomberg Law, September 19, 2024, Capital One-Discover Deal Hits Roadblock In Bank Merger Overhaul The Fed hasn’t officially changed its merger policy. But even without a formal change, the central bank may ultimately apply tougher standards than in the past, when critics say the federal banking agencies were too quick to approve deals. “Historically, the