It was unclear whether the Biden administration would remove Laura Wertheimer following other leadership changes at the Federal Housing Finance Agency.
It was unclear whether the Biden administration would remove Laura Wertheimer after separate leadership changes last week at the Federal Housing Finance Agency
Many Native people were forced into the most undesirable areas of America, first by white settlers, then by the government. Now, parts of that marginal land are becoming uninhabitable.
Blueacorn and Womply processed one-third of all Paycheck Protection Program loans this year, stepping in when big lenders wouldn’t.
To justify its big investment in the L.I.R.R., New York needs to force Long Island communities to make room for more housing.
The New York Times: Opinion | Is This Railroad for the Rich? Read More »
There’s something to be said for talking, and listening, to even unreasonable antagonists
The New York Times: Opinion | ‘How Can You Hate Me When You Don’t Even Know Me?’ Read More »
Washington, D.C.’s children should learn about Black history in the District.
No part of President Biden’s agenda has been as ambitious as his attempt to place concerns about equity squarely at the center of the federal government’s decision-making
A report released recently draws attention to an under-utilized program that, if scaled up, could meet tremendous demand for greater homeownership opportunities and begin to repair the damage of racist policies that have created housing inequity for decades. The report, authored by the Chicago Area Fair Housing Alliance (CAFHA), draws on interviews, surveys, and administrative records focused on the relatively unknown public housing authority homeownership program that is embedded within the better-known housing choice voucher (formerly known as Section 8) program.
“We cannot stand by and allow algorithms to resurrect old biases in new packages, or introduce new forms of discrimination hidden in proprietary code.” —National Community Reinvestment Coalition CEO Jesse Van Tol, joining fintechs PayPal, Square and others in a call for more guidance on how AI should be used in lending.
Protocol: Robinhood’s Secret Weapon Could Also Be Its Undoing Read More »
Last year, the advocacy group National Community Reinvestment Coalition raised concerns about this trend after tallying up more than 13,000 closures, or 14% of all branches, between 2008 and 2020. It issued a report that noted that such closures often disproportionately impact rural, low-income, and minority communities where few branches might have existed in the first place.
Star Tribune: Digital banking at U.S. Bank sped up during pandemic Read More »
Senator Cory Booker (D-NJ), along with Rep. Lisa Blunt Rochester (D-DE) and Rep. Steven Horsford (D-NV) recently re-introduced The Break the Cycle of Violence Act in the 117th Congress.
Essence: Lawmakers Introduce Legislation to Tackle Violence With Community Investment Read More »
Director of Fair Lending at National Community Reinvestment Coalition Anneliese Lederer said that there were certain barriers that caused the PPP loan disparity, including a lack of existing relationships with banks, banks discouraging Black and Latinx people from applying for loans, inequality in outreach and an initial rule that did not allow people with criminal records or who had defaulted on student loans to benefit from the PPP program.
Daily Trojan: Local business struggles due to losses from pandemic Read More »
Disagreements over phrases like “systemic racism” can make it difficult for opposing sides to notice when they share common values.
The Christian Science Monitor: What Does Systemic Racism Mean to You? Read More »
Six fintech companies and the National Community Reinvestment Coalition are asking the Consumer Financial Protection Bureau to provide guidance on how to use artificial intelligence in lending decisions without running afoul of fair-lending laws.
American Banker: Fintechs Seek CFPB Guidance on Making AI-Based Lending Fair Read More »
