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CRA Overhaul Comments to the Federal Reserve: Banks say, “No, We Can’t” and community groups say “Yes, You Can”

Reading the comment letters from industry and community groups regarding the Federal Reserve Board’s (board) Advanced Notice of Proposed Rulemaking on the Community Reinvestment Act (CRA), I am reminded of the childhood tale of the “Little Engine that Could,”

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Juan Leyton

Director of Organizing 202.869.4404 jleyton@ncrc.org Juan Leyton is NCRC’s Director of Organizing. Prior to joining NCRC, Juan was most recently at Madison Park Development Corporation. He is the former director of the Dudley Street Neighborhood Initiative, Neighbor to Neighbor Massachusetts and City Life/Vida Urbana. He was a Barr Foundation and MIT Community Innovators Lab fellow. He holds Masters Degrees in Community Economic

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McKinsey & Company: America 2021: The opportunity to advance racial equity

McKinsey & Company, February 17, 2021, America 2021: The opportunity to advance racial equity Repairing the frayed social fabric in the United States is one of the most pressing issues of our time. It’s not a new problem. But if we do not address the underlying issues preventing us from achieving equitable growth and inclusion, the

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The American Prospect: The ‘Progressive Multiplier’: How Democrats Can Defeat Trumpism

The American Prospect, March 4, 2021, The ‘Progressive Multiplier’: How Democrats Can Defeat Trumpism How can Democrats in Washington address the multiple crises facing our nation while also confronting an increasingly radical—and often explicitly anti-democratic—opposition party? Political strategists perhaps inevitably focus on how to change the hearts and minds of millions of devoted Trump supporters.

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American Banker: Fed’s Powell sees opportunity for joint CRA overhaul

American Banker, February 24, 2021, Fed’s Powell sees opportunity for joint CRA overhaul Federal Reserve Chair Jerome Powell said bank regulators are still aiming to write a joint rule reforming the Community Reinvestment Act, despite years of disagreements between the agencies on how to proceed. The Office of the Comptroller of the Currency finalized a

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Vox: Bias, disrespect, and demotions: Black employees say Amazon has a race problem

Vox, February 26, 2021, Bias, disrespect, and demotions: Black employees say Amazon has a race problem Interviews with diversity managers and internal data obtained by Recode indicate that Black Amazon employees are promoted less frequently and are rated more harshly than non-Black peers. When Chanin Kelly-Rae started working at Amazon in 2019 as a global

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Bloomberg CityLab: The True Costs of Working From Home

Bloomberg CityLab, February 26, 2021, The True Costs of Working From Home Remote workers spend more on rent and housing costs than those who stay in the office — a gap that might add up to $15 billion or more if commuters don’t return. A Craigslist search for one-bedroom apartments in San Francisco pulls up a

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