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POLITICO: What’s Washington’s Appetite For Bank M&A?

POLITICO, February 20, 2024, What’s Washington’s Appetite For Bank M&A? The National Community Reinvestment Coalition said it opposes the merger. NCRC president and CEO Jesse Van Tol slammed Capital One’s record in previous deals and said the takeover would pose “massive” antitrust concerns because of the vertical integration between Cap One’s credit card lending and Discover’s card […]

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Reuters: Discover Financial Rises On Capital One’s $35 Billion Deal, Payment Processors Fall

Reuters, February 20, 2024, Discover Financial Rises On Capital One’s $35 Billion Deal, Payment Processors Fall The deal was opposed by Washington-based advocacy group National Community Reinvestment Coalition. “It is very difficult to imagine how federal regulators could allow Capital One to buy Discover given the requirement that mergers benefit the public as well as

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The Washington Post: Capital One To Acquire Discover For $35.3 Billion In All-Stock Deal

The Washington Post, February 20, 2024, Capital One To Acquire Discover For $35.3 Billion In All-Stock Deal Jesse Van Tol, chief executive of the National Community Reinvestment Coalition, a consumer advocacy group, predicted heavy scrutiny from regulators and community groups. “Heavy regulatory scrutiny is an understatement,” he said on social media.

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The New York Times: Capital One To Acquire Discover, Creating A Consumer Lending Colossus

The New York Times, February 19, 2024, Capital One To Acquire Discover, Creating A Consumer Lending Colossus But consumer advocates pushed back on the possible deal, saying it posed antitrust concerns. “It is very difficult to imagine how federal regulators could allow Capital One to buy Discover given the requirement that mergers benefit the public

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AP: Capital One Will Buy Discover For $35 Billion In Deal That Combines Major US Credit Card Companies

AP, February 19, 2024, Capital One Will Buy Discover For $35 Billion In Deal That Combines Major US Credit Card Companies “The deal also poses massive anti-trust concerns, given the vertical integration of Capital One’s credit card lending with Discover’s credit card network,” said Jesse Van Tol, president and CEO of the National Community Reinvestment

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AlJazeera: US Banking Giant Capital One to Buy Discover Financial For $35.3bn

AlJazeera, February 20, 2024, US Banking Giant Capital One to Buy Discover Financial For $35.3bn Jesse Van Tol, the chief executive of the National Community Reinvestment Coalition, said the acquisition would likely raise concern among regulators, including the Federal Trade Commission and Consumer Financial Protection Bureau “Retailers might also oppose? I can’t think of [a] bank

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NPR: Why Banks Are Fighting Changes To An Anti-Redlining Program

NPR, February 15, 2024, Why Banks Are Fighting Changes To An Anti-Redlining Program MA: This is Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a group that advocates for equitable housing policy. He says not only did the FHA discourage banks from lending in neighborhoods where mostly people of color lived. It also

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Axios Nashville: Proposal Would Amend Metro Nashville Charter To Protect Affordable Housing At Fairgrounds

Axios Nashville, February 22, 2024, Proposal Would Amend Metro Nashville Charter To Protect Affordable Housing At Fairgrounds A new proposal would change the Metro charter by swapping out auto racing for affordable housing on the list of required programming at the fairgrounds property. Why it matters: The proposal tests the popularity of auto racing at the

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WBUR: 20 Landlords, Property Companies Sued For Discrimination By Housing Watchdog

WBUR, February 21, 2024, 20 Landlords, Property Companies Sued For Discrimination By Housing Watchdog A nonprofit housing watchdog group is suing 20 Boston-area property companies and real estate brokers for allegedly discriminating against low-income tenants. The lawsuit, brought by the Lawyers for Civil Rights and Handley Farah & Anderson on behalf of the group Housing

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Tampa Bay Times: This Private Equity Firm Built A Tampa Bay Rental Empire

Tampa Bay Times, February 14, 2024, This Private Equity Firm Built A Tampa Bay Rental Empire A townhouse overlooking a pond in Clearwater. A brand-new two-story house in a Brandon subdivision, filled with identical buildings. A yellow brick bungalow in Tampa. The homes look strikingly different and are miles apart. But they have a key

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WTOP: Seven-Figure Home Sales Now Make Up 20% Of The DC Housing Market

WTOP, February 21, 2024, Seven-Figure Home Sales Now Make Up 20% Of The DC Housing Market In January, 20.42% of the homes on the market in the DC metro were priced at $1.5 million or more, and 14.5% were priced between $1.5 million and $2.5 million, according to Long & Foster’s monthly luxury insights report. More

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Consumer Financial Protection Bureau: CFPB Report Finds Large Banks Charge Higher Credit Card Interest Rates than Small Banks and Credit Unions

Consumer Financial Protection Bureau, February 16, 2024, CFPB Report Finds Large Banks Charge Higher Credit Card Interest Rates than Small Banks and Credit Unions The Consumer Financial Protection Bureau reported on the first set of results from the newly updated Terms of Credit Card Plans survey. The survey data reveal that large banks are offering worse credit

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Who Makes Cents?: A History Of Capitalism Podcast: Tim Keogh On Suburban Poverty And The Roots Of Postwar Inequality

Who Makes Cents?: A History Of Capitalism Podcast, February 2024, Tim Keogh On Suburban Poverty And The Roots Of Postwar Inequality In 2022, roughly one in 10 suburban residents lived in poverty (9.6%), compared to about one in six in primary cities (16.2%), according to a recent study by the Brookings Institute. The issue of

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Axios: Health Care Workers Say Patient Discrimination Is A Big Problem

Axios, February 16, 2024, Health Care Workers Say Patient Discrimination Is A Big Problem More than half of health care workers say racial discrimination against patients is a major problem or crisis, while nearly half report seeing it happen in their own workplaces, according to a large national survey. Why it matters: It’s well-documented how racism in health care

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Planetizen: Research: Housing First Works

Planetizen, February 16, 2024, Research: Housing First Works Despite recent opinions that the homelessness response model known as Housing First is too expensive and inefficient, a report from the Urban Institute asserts that “Misconceptions about Housing First ignore decades of evidence of its effectiveness.” According to the report, “Randomized controlled trials in the US and Canada have

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