The Atlantic: The CFPB’s new mission
In a memo to bureau staff made public by ProPublica, Mulvaney finally laid out his vision for the agency: a government entity that doesn’t “push the envelope.”
The Atlantic: The CFPB’s new mission Read More »
On Our Radar
A curated collection of links to news, analysis, trends, ideas and views from elsewhere.
American Banker: Backers of Senate GSE plan reject claims that it’s too conservative
Progressive groups are concerned that a housing finance system without Fannie and Freddie in their current state could jeopardize affordable housing.
American Banker: Backers of Senate GSE plan reject claims that it’s too conservative Read More »
ProPublica: Newly defanged, top consumer protection agency drops investigation of high-cost lender
The Consumer Financial Protection Bureau dropped an investigation triggered by a 2013 ProPublica story about a lender that charges triple-digit interest rates.
Propublica: Newly defanged, top consumer protection agency drops investigation of high-cost lender
In the latest sign that the Consumer Financial Protection Bureau is pulling back from aggressive enforcement, it dropped an investigation triggered by a 2013 ProPublica story about a lender that charges triple-digit interest rates.
Reuters: Online lender SoFi nabs Twitter executive Noto as CEO
Silicon Valley executive Anthony Noto has left Twitter to become chief executive officer of online lender Social Finance Inc
Reuters: Online lender SoFi nabs Twitter executive Noto as CEO Read More »
American Banker: ‘I am not trying to starve the agency,’ CFPB chief reiterates
Interim Director Mick Mulvaney requested zero additional funds for the CFPB in the second quarter of fiscal year 2018.
American Banker: ‘I am not trying to starve the agency,’ CFPB chief reiterates Read More »
New York Times: When gentrification isn’t about housing
Gentrification has become a more capacious idea lately. The poor are still gentrification’s victims, but in this new meaning, the harm is not rent increases and displacement — it’s something psychic, a theft of pride and an appropriation of culture.
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AmericanBanker: Mulvaney launches public review of entire CFPB
AmericanBanker, January 17, 2018: Mulvaney launches public review of entire CFPB The CFPB said it plans to publish a series of requests for information in the Federal Register in the coming weeks asking for the public to weigh in on the agency’s enforcement, supervision, rulemaking, market monitoring and education activities. “In this New Year, and under
AmericanBanker: Mulvaney launches public review of entire CFPB Read More »
Shelterforce: Honing the “scale-up” of community development organizations
Robert Zdeneck’s new book (co-authored with Dee Walsh), “Navigating Community Development: Harnessing Comparative Advantages to Create Strategic Partnerships” how the community development field has evolved over the last 50 years. Read Shelterforce’s book review!
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CNNMoney: Trump may weaken ‘outdated’ rules that force banks to lend to the poor
For years, banks have been fighting these requirements to lend to underprivileged people — and President Trump is listening as he continues his war on regulation. The irony is that these rules benefit the same “blue-collar people Donald Trump maintains he represents.
CNNMoney: Trump may weaken ‘outdated’ rules that force banks to lend to the poor Read More »
Impact Alpha: BlackRock just did one thing that changed the game for anyone who invests
Larry Fink, chief executive of BlackRock, which manages $6 trillion in investments, told business leaders that if they want to do business with BlackRock moving forward, they’re going to need to contribute to society in addition to making a profit. It’s an enormous step from one of the world’s most influential money managers.
Impact Alpha: BlackRock just did one thing that changed the game for anyone who invests Read More »
New York Times: Democrats add momentum to G.O.P. push to loosen banking rules
The most significant attempt to loosen rules imposed in the wake of the 2008 financial crisis is underway in Congress as the Senate looks to pass legislation within the next month that would roll back restrictions on swaths of the finance industry.
New York Times: Democrats add momentum to G.O.P. push to loosen banking rules Read More »
The Dream: Jeff and Mackenzie Bezos to fund 1,000 college scholarships for DREAMERS
A $33 million dollar grant for undocumented immigrant graduates of US high schools with DACA status to go to college.
The Dream: Jeff and Mackenzie Bezos to fund 1,000 college scholarships for DREAMERS Read More »
New York Times: The Trump plan to hurt the poor by pretending to help them
The Trump administration said Thursday that it would get poor people to work by letting state governments deny them Medicaid if they don’t have a job. The new policy would be attempting to solve a problem that doesn’t exist.
New York Times: The Trump plan to hurt the poor by pretending to help them Read More »
Vanity Fair: With tax cuts in the bag, the White House ramps up it’s war on the poor
All signs point to Republicans next move– tear apart the social safety net.
Vanity Fair: With tax cuts in the bag, the White House ramps up it’s war on the poor Read More »