In the News

Financial Times, January 19, 2022, Responsible Business Education Awards: full shortlists The Financial Times Responsible Business Education Awards showcase strong examples of work by business schools seeking to focus on people and planet alongside profit. The three award categories are designed to reflect business schools’ different roles. The academic research award goes to papers that […]

The Charlotte Observer, January 19, 2022, Truist opened fewer branches post-merger in diverse areas, advocacy group claims After SunTrust and BB&T combined to form Truist in late 2019, the bank opened fewer branches in low-income and diverse neighborhoods than before the merger, according to a report from the Committee for Better Banks. The decrease in openings is

Nonprofit Quarterly, September 29, 2021, Closing the Racial Wealth Divide: A Plan to Boost Black Homeownership The continued effects of structural racism can be seen in a broad range of indicators: African American unemployment is at 8.8 percent as of August 2021, compared to whites at 4.5 percent; the $38,000 median household income for African Americans is less than

Christian Science Monitor, January 12, 2022, For the first time, men are the minority on Fed Reserve boards Seven years ago white men made up the majority of directors on the boards of all but one of the 12 U.S. Federal Reserve banks. This year, white men are for the first time in the minority

American Banker, January 11, 2022, Lenders urge CFPB to scale back small-business data collection plan A proposal to collect data on the race, ethnicity and gender of small-business borrowers has drawn nearly 1,700 comments to the Consumer Financial Protection Bureau, with many of them expanding on the criticism that had been building since it was unveiled in

St. Louis Post-Dispatch, January 11, 2022, Fair housing groups OK First Mid merger with Jefferson Bank  A bank merger between First Mid Bank & Trust and Jefferson Bank could go through after fair housing groups reached an agreement with the banks and changed their tune on the merger, officials said on Tuesday. The groups —

WBRC, January 11, 2022, Mayor Randall Woodfin outlines plans for continued neighborhood revitalization in 2022 Birmingham’s mayor outlining his plans for 2022 Tuesday during his State of the City address. At the forefront of those plans is continued efforts to revitalize the city’s neighborhoods. The Ramsay-McCormack building sat vacant for nearly four decades. It was

Financial Times, January 4, 2022, US banks move away from overdraft fees in a win for consumers As US shoppers count the cost of their last-minute holiday purchases, there is one thing they have to worry about a little less in 2022: overdraft fees. Consumer advocates said last year saw the most significant rollbacks and

Washington CU Daily, January 10, 2022, Consumer groups to CFPB: Issue tough small business lending rule A Consumer Financial Protection Bureau rule to require financial institutions to report data on their lending to minority-owned and women-owned businesses should include as many banks and credit unions as possible, with the information easily accessible to the public,

OtherWords, January 12, 2022, Dr. King Remained Hopeful. So Can We. 2022 has begun with melancholy, as our country sees the pandemic reach new heights. Meanwhile our crises of climate, democracy, and inequality seem more entrenched than ever. All this uncertainty is taking a toll, but uncertain times are far from unprecedented. Dr. Martin Luther

Go Local Pro Business, January 2, 2022, Black Homeownership in RI Is As Low As It Was in the 1960s Homeownership for Blacks was at the same level as before the federal Civic Rights Act passed, redlining was commonplace and housing rights laws were non-existent. “In fact, in the past 15 years, Black homeownership has

NerdWallet, January 8, 2021, Racial Funding Gap Shows Black Business Owners Are Shut Out From Accessing Capital Data breakdown on the racial funding gap: BIPOC business owners are at a disadvantage when it comes to financing. A study by the National Community Reinvestment Coalition found that bank representatives at 32 bank branches in Washington, D.C.

WBAL TV, December 20, 2021, Residents, Community Groups React To Bank Branch Closing In Brooklyn Brooklyn, in southwest Baltimore, is a neighborhood at a crossroads. The COVID-19 pandemic, along with other issues, have created some inequities. A bank the community relied on has shut its doors. Bank of America told 11 News the impact of

Capital & Main, December 20, 2021, Are Nonbank Mortgage Lenders Good for Minority Borrowers? A loan officer at a mortgage company questions a Black loan applicant about household debts, but subsequently invites a less creditworthy white borrower to fill out an application with “no inquiry about credit standing or debts.” He then offers to walk the

The Denver Post, December 19, 2021, “Where we come from is art”: Denver’s gentrifying Northside captured through the lens and poetry of its Latino youth Tim Hernández is a witness to the pain, the promise, the joy, the hope, the struggles of the Northside’s youth. He’s a teacher at North High and a product of