Washington Credit Union Daily, January 10, 2022, Consumer Groups To CFPB: Issue Tough Small Business Lending Rule A Consumer Financial Protection Bureau rule to require financial institutions to report data on their lending to minority-owned and women-owned businesses should include as many banks and credit unions as possible, with the information easily accessible to the […]

WishTV, January 19, 2022, Study links redlining to heart health problems in Black communities There’s a link between historic redlining and heart health in Black communities, according to a newly released study. Mental health experts say redlining has roots in racism, and the impact of systemic racism creates stressors. That stress can often trickle down generation

PR Newswire, January 20, 2022, M&T Bank Corporation Announces Fourth Quarter and Full-Year Results In October 2021 M&T announced its Community Growth Plan, to provide $43 billion in loans, investments, and other financial support to create greater economic opportunity for low-to-moderate income families and neighborhoods, as well as people and communities of color. The bank’s five-year Community Growth Plan

Next City, January 20, 2022, Housing in Brief: Mayors Say They Don’t Have Tools to Deal With Homelessness A survey of 126 mayors in 39 states found that mayors felt reducing homelessness was outside of their control, that most did not have a metric for success, and that a third of those interviewed were using

Financial Times, January 19, 2022, Responsible Business Education Awards: full shortlists The Financial Times Responsible Business Education Awards showcase strong examples of work by business schools seeking to focus on people and planet alongside profit. The three award categories are designed to reflect business schools’ different roles. The academic research award goes to papers that

The Charlotte Observer, January 19, 2022, Truist opened fewer branches post-merger in diverse areas, advocacy group claims After SunTrust and BB&T combined to form Truist in late 2019, the bank opened fewer branches in low-income and diverse neighborhoods than before the merger, according to a report from the Committee for Better Banks. The decrease in openings is

Nonprofit Quarterly, September 29, 2021, Closing the Racial Wealth Divide: A Plan to Boost Black Homeownership The continued effects of structural racism can be seen in a broad range of indicators: African American unemployment is at 8.8 percent as of August 2021, compared to whites at 4.5 percent; the $38,000 median household income for African Americans is less than

Christian Science Monitor, January 12, 2022, For the first time, men are the minority on Fed Reserve boards Seven years ago white men made up the majority of directors on the boards of all but one of the 12 U.S. Federal Reserve banks. This year, white men are for the first time in the minority

American Banker, January 11, 2022, Lenders urge CFPB to scale back small-business data collection plan A proposal to collect data on the race, ethnicity and gender of small-business borrowers has drawn nearly 1,700 comments to the Consumer Financial Protection Bureau, with many of them expanding on the criticism that had been building since it was unveiled in

St. Louis Post-Dispatch, January 11, 2022, Fair housing groups OK First Mid merger with Jefferson Bank  A bank merger between First Mid Bank & Trust and Jefferson Bank could go through after fair housing groups reached an agreement with the banks and changed their tune on the merger, officials said on Tuesday. The groups —

WBRC, January 11, 2022, Mayor Randall Woodfin outlines plans for continued neighborhood revitalization in 2022 Birmingham’s mayor outlining his plans for 2022 Tuesday during his State of the City address. At the forefront of those plans is continued efforts to revitalize the city’s neighborhoods. The Ramsay-McCormack building sat vacant for nearly four decades. It was

Financial Times, January 4, 2022, US banks move away from overdraft fees in a win for consumers As US shoppers count the cost of their last-minute holiday purchases, there is one thing they have to worry about a little less in 2022: overdraft fees. Consumer advocates said last year saw the most significant rollbacks and

Washington CU Daily, January 10, 2022, Consumer groups to CFPB: Issue tough small business lending rule A Consumer Financial Protection Bureau rule to require financial institutions to report data on their lending to minority-owned and women-owned businesses should include as many banks and credit unions as possible, with the information easily accessible to the public,