New technology using artificial intelligence is meant to take race and gender bias out of hiring, but it could backfire.
Minimum opening deposits and other fees associated with checking accounts are significantly higher in black and Latino neighborhoods.
Only a fraction of the pledges for Ferguson reached the neediest parts of town. All the corporate goodwill – and millions in investments — were not enough to overcome a long legacy of racial discrimination and economic exclusion. Residents of Canfield Green, where Brown was shot and killed, say they feel abandoned.
Joseph Otting, comptroller of the currency, is leading an effort to revamp the Community Reinvestment Act, which penalizes banks that discriminate against borrowers.
George Orwell was no banker, but if you applied his words to the current debate on the Community Reinvestment Act, he was correct: “The most effective way to destroy a people is to deny and obliterate their own understanding of their history.”
A black man has been president of the United States. So why, then, do so many find it hard to believe that a black woman owns a yarn shop in brownstone Brooklyn?
The city, which is preparing to release its first progress report on its effort, declined to share detailed data about the jobs it has created so far. But a coalition of labor and community groups says one obvious need has emerged: They say the city needs to do more to connect people in the city’s poorest neighborhoods to the new jobs.
After the vote, the Americans for Prosperity crew celebrated its victory at the Nashville Palace, a country music venue. “I knew we were going to win,” Ms. Venable said. “But I wasn’t taking my foot off the gas for a second.”
A new report reveals rising rents and surging inequality — and it’s only going to get worse.
President Trump has yet to formally name Kathy Kraninger as his choice to head the Consumer Financial Protection Bureau, but her nomination is already in trouble — and that may be just fine with the White House.