On Our Radar

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.

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.

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.

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.

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.

Organizers have begun holding events in black communities where they lavish praise on the president while handing out thousands of dollars in giveaways.

“As the tech industry continues to expand beyond Silicon Valley to other areas across the country, we have the opportunity to reimagine what the sector could look like,” Gates wrote in a LinkedIn post scheduled to publish on Tuesday morning.

Critics argue the proposed changes will weaken protections against housing discrimination.

The proposed rules weaken a compliance system that needs to be strengthened, introduce new loopholes and add confusion and inconsistency, all while failing to address the real changes needed to modernize CRA to respond to changes in our country’s demographics and changes in the structure of the banking industry.

Credit unions are not just institutions, but dream fulfillment engines that lead to a first car, home or financing higher education aspirations. For this reason, public and policy makers should continue to recognize the value that credit unions provide.