The Washington Post: Small banks discriminate against people of color. A new law makes it worse.
Minimum opening deposits and other fees associated with checking accounts are significantly higher in black and Latino neighborhoods.
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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.”
American Banker: Before modernizing CRA, consider its history Read More »
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?
New York Times: A revival of black business, and pride, in Brooklyn Read More »
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.
New York Times: 100,000 New jobs for New York: will enough go to poorer workers? Read More »
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.
Huffington Post: America’s housing crisis is a ticking time bomb Read More »
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.
American Banker: Trump’s CFPB choice faces uphill battle — and that’s part of the plan Read More »
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. That may be just fine with the White House.
American Banker: Trump’s CFPB choice faces uphill battle — and that’s part of the plan Read More »
In Baltimore and other segregated cities, the life-expectancy gap between African Americans and whites is as much as 20 years. One young woman’s struggle shows why.
The Atlantic: Being black in America can be hazardous to your health Read More »
Developers are taking on residential building challenges by extending the concept of prefabricated housing to manufacture entire apartment buildings.
The New York Times: Piece by piece, a factory-made answer for a housing squeeze Read More »
Kathy Smith has lived in Harlem for 19 years, and says “Harlem is not only a place, it’s a spirit, a feeling.
The New York Times: Finding a way to stay in Harlem Read More »
For years, an unwavering certitude of industry, think tanks, demographers, policy-makers and city planners everywhere has been that humanity is moving to the city: We just needed to figure out how to house, employ and feed everyone in a condensed space.
Axios: Millennials are moving to the exurbs in droves Read More »
The European law thus implicitly recognizes that privacy is a matter of civil rights. The United States Congress should, too.
The New York Times: A license to discriminate Read More »