NJ Spotlight: Op-Ed: Fearing Proposed Changes to Community Lending Regulations Would Re-Legalize Redlining
Trump Administration’s revamp of Community Reinvestment Act’s rules would harm neighborhoods and investment in New Jersey
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Trump Administration’s revamp of Community Reinvestment Act’s rules would harm neighborhoods and investment in New Jersey
Waters accused Otting of dismissing Democrats’ concerns over a plan that could reshape lending decisions worth hundreds of billions of dollars.
Politico: ‘You will work with no one’: Waters slams Otting over anti-redlining law Read More »
“We have a lot of tribal members that live here in Portland, that have lived here for generations and we are able to provide housing for some of them,” Delores Pigsley, chair of the Confederated Tribes of Siletz Indians said during a ribbon-cutting ceremony.
Activists say a five-year rent freeze is merely a good start. Who’s up for expropriating some private property?
Bloomberg Businessweek: No City Hates Its Landlords Like Berlin Does Read More »
One of the icons of the civil rights movement, the legacy of Rosa Parks has lived on for generations as a sign of strength and courage amid hostile discrimination.
There are numerous other problematic changes in the nearly 240-page proposal. I urge you to join me in calling on the administration to shelve the current proposal and reopen the dialogue with community representatives.
When Elon Musk secured $1.3 billion from Nevada in 2014 to open a gigantic battery plant, Jeff Bezos noticed. In meetings, the Amazon.com Inc. chief expressed envy for how Musk had pitted five Western states against one another in a bidding war for thousands of manufacturing jobs; he wondered why Amazon was okay with accepting comparatively trifling incentives.
Bloomberg: Behind Amazon’s HQ2 Fiasco: Jeff Bezos Was Jealous of Elon Musk Read More »
For many young Americans struggling with student-loan payments, higher rent costs and relatively stagnant salaries, saving a fifth of a home’s value to get a mortgage simply isn’t on the radar.
“I am concerned that several of the proposed changes will weaken core protections in the Volcker rule and enable banking firms again to engage in high-risk activities related to covered funds,” Governor Lael Brainard said.
The data highlight a harsh reality of the U.S. economy a decade into the longest expansion on record: For people who don’t make big salaries, there are fewer and fewer affordable places to go.
Bloomberg: The U.S. Housing Crisis Is Making Its Way to the Heartland Read More »
There is broad agreement that the state’s extraordinary cost of living and escalating homeless problem is rooted in a shortage of housing in general and a dearth of lower-cost housing in particular. But many remain skeptical of remedies involving big structural changes.
The New York Times: California, Mired in a Housing Crisis, Rejects an Effort to Ease It Read More »
Your credit score can determine whether you can buy a car, get certain jobs or rent an apartment. It’s a big deal. And so is this: Credit scores for many Americans are about to change — even if they don’t do anything.
NPR: FICO Is About To Change Credit Scores. Here’s Why it Matters Read More »
The gap between rich and poor in America is the worst it’s been in more than a half century.
The Guardian will no longer accept advertising from oil and gas companies and, in doing so, becomes the first major news organization to divest from industries that extract fossil fuels, company executives announced Wednesday.
The Trump proposal aims to broaden the definition of what constitutes a bank’s community — taking into account that online banking now exists — while broadening the types of loans and services that would qualify under CRA.
The Washington Post: Crucial Bank Law Softened Under Trump Proposal Read More »