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American Banker: U.S. consumers stand to save billions from banks’ overdraft reforms

American Banker, February 10, 2022, U.S. consumers stand to save billions from banks’ overdraft reforms In one of the first efforts to tally the impact of recent overdraft fee reforms, a new analysis finds that changes under way at just five banks could save consumers more than $2 billion annually. The Pew Charitable Trusts reviewed […]

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ABC News: New York City looks to lower greenhouse gas emissions by improving public housing

ABC News, February 11, 2022, New York City looks to lower greenhouse gas emissions by improving public housing There are more than 1.2 million public housing units across the country, according to the Department of Housing and Urban Development. Many of these buildings have aging heating and cooling equipment that is largely inefficient, resulting in

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Politico: The stablecoin that launched a thousand regs

Politico, February 10, 2022, The stablecoin that launched a thousand regs Diem, the stablecoin formerly known as Libra, officially died on Jan. 31. What’s striking, though, is that the Facebook-backed project seems to have only narrowly missed out on success, according to seven people with knowledge of the saga. The project can easily be credited

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Politico: Violent crime to labor shortages: Mayors say Covid’s toll on cities is far-reaching

Politico, February 9, 2022, Violent crime to labor shortages: Mayors say Covid’s toll on cities is far-reaching Twenty-five mayors, representing deep-red pockets of the South to liberal flagships in the West, participated in the survey, which was conducted between late December and mid-January. Their answers reveal how the pandemic forced mayors into crisis mode, first

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Sports Illustrated: SoFi Stadium Went Up—and Then Everything Changed

Sports Illustrated, February 9, 2022, SoFi Stadium Went Up—and Then Everything Changed Members of the community have been raising questions and concerns since SoFi opened—about the increased traffic and noise, the influx of people into their neighborhood, the impact on local businesses and, perhaps most worryingly, the soaring home prices and rising rents that have

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Shelterforce: Doing “The Right Thing” Won’t Close the Racial Wealth Gap

Shelterforce, February 8, 2022, Doing “The Right Thing” Won’t Close the Racial Wealth Gap Our unwillingness to account for how wealth is and has been accumulated differently along racial lines and extracted specifically from Black people causes us to continue to promote individual solutions to a deeply structural problem. We are sold a fairy tale

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The Charlotte Observer: Biden’s COVID response treats those without homes as an afterthought

The Charlotte Observer, February 8, 2022, Biden’s COVID response treats those without homes as an afterthought The Biden administration rolled out plans in January to help Americans get N95 masks and at-home testing to fight the COVID-19 pandemic. While impressive, the plans leave behind more than 500,000 vulnerable individuals, including 10,000 North Carolinians, who are

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Politico: ‘Nothing is sticking’: White House fights for Fed noms

Politico, February 9, 2022, ‘Nothing is sticking’: White House fights for Fed noms The White House and Senate Democrats have mounted an aggressive defense of President Joe Biden’s Federal Reserve nominees over the past few weeks, determined to avoid a repeat derailment of a key financial nomination. While all the Fed nominees seem to have

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The Kansas City Star: Now Is The Worst Time to Buy a Home, Fannie Mae Poll Finds

The Kansas City Star, February 8, 2022, Now Is The Worst Time to Buy a Home, Fannie Mae Poll Finds The number of Americans who say that now would be a good time to buy a house hit an all-time low of 25% in a recent Fannie May survey. Fannie Mae also found that young

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Tampa Bay Times: Florida renters scramble for shelter as affordable housing erodes

Tampa Bay Times, February 2, 2022, Florida renters scramble for shelter as affordable housing erodes In 2021, Tampa Bay experienced the highest rent increase of any metro in the nation, at 24 percent. That far outshot the previous regional high point of the last two decades, when rent went up by 6.2 percent in 2015.

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Bloomberg Law: Climate risk stumps bank regulators updating anti-redlining plan

Bloomberg Law, February 22, 2022, Climate Risk Stumps Bank Regulators Updating Anti-Redlining Plan Financial regulators updating anti-redlining rules face a conundrum: how to increase lending in lower-income neighborhoods prone to climate disasters while also getting banks to better account for climate risks. But regulators are treading carefully as they look to modernize the CRA’s rules

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American Banker: M&T, People’s United postpone merger deadline till June

American Banker, February 18, 2022, M&T, People’s United postpone merger deadline till June M&T Bank and People’s United Financial are delaying the deadline for their merger until June, as the two companies await approval from the Federal Reserve. The $7.6 billion deal, which would expand M&T’s presence in the Northeast, had an initial deadline of

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Investopedia: The History of Lending Discrimination

Investopedia, February 19, 2022, The History of Lending Discrimination Laws today protect borrowers from discriminatory lending practices, but that wasn’t always the case. For decades U.S. banks denied mortgages to Black families—and those belonging to other racial and ethnic minority groups—who lived in certain areas “redlined” by a federal government agency called the Home Owners’ Loan Corporation

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WTXL: Restaurants tackle gentrification and displacement in low-income areas

WTXL, February 21, 2022, Restaurants tackle gentrification and displacement in low-income areas New development in low-income neighborhoods across the country is pricing out some who have been there for years. Now businesses owners and advocates are adjusting to battle gentrification and displacement. According to a study by NCRC, gentrification and cultural displacement are problems in

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Sfgate: Some majority Black and Latino Bay Area neighborhoods have more lead contamination than Flint, Michigan

Sfagte, February 21, 2022, Some majority Black and Latino Bay Area neighborhoods have more lead contamination than Flint, Michigan Oakland, which has one of the highest concentrations of children under the age of six in the Bay Area, has been fighting to escape the Bay Area’s toxic legacy: lead paint, a material that is still

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