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Failed watchdog nomination angers progressives

The Hill, December 14, 2021, Failed Watchdog Nomination Angers Progressives

President Biden’s failed nomination of a top bank watchdog, Saule Omarova, has left progressives furious and consumer advocates concerned about the future of a key agency. 

“I don’t think it was a winnable fight,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition, a nonprofit that advocates for measures to end lending discrimination and increase financial access in neglected communities. 

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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