An obscure add-on charge for mortgages has put homeownership out of reach, disproportionately for black Americans.
The American Prospect: How to Start Closing the Racial Wealth Gap Read More »
Some GOP lawmakers who benefited from the Paycheck Protection Program also opposed legislation requiring lending transparency.
Racial disparities in this pandemic are nothing new, but a massive collection of test results is the surest evidence yet of a horrifying trend.
NIH is launching three main parts to its COVID-19 endeavor.
Axios: NIH expands its COVID-19 research in underrepresented communities Read More »
Asked what cities can do about bank lending given that it’s mostly regulated by the federal government, Harper said it’s clear the Community Reinvestment Act, the federal law passed in 1977 to ensure banks lend in all communities, has not been enough to achieve equity in lending in black communities.
Local businesses are devastated and state agencies overwhelmed as people stay at home to preserve their health and apply for government assistance to maintain financial solvency. An unexpected side effect of this was a simultaneous increase in consumer complaints filed with the Consumer Finance Protection Bureau (CFPB).
COVID-19 and the CFPB Consumer Complaint Database Read More »
Mensah also spoke at a rally this month in Los Angeles sponsored by White Coats for Black Lives. But because there are still such persistently low numbers of black people working in medicine, Mensah found himself addressing a sea of white faces.
“I was the only black male there, unfortunately,” he says.
NPR: Racism, Hazing And Other Abuse Taints Medical Training, Students Say Read More »
“Black trans lives matter,” Brown told the crowd. “My sister’s life mattered. All of the loved ones we have lost, all of these beautiful girls that we have lost. There (sic) lives matter. We have to protect them.”
CNN: Thousands show up for black trans people in nationwide protests Read More »
The police killings of George Floyd in Minneapolis and Breonna Taylor in Louisville, Ky., have sparked a national conversation around racial justice. But the country’s racial justice problems aren’t limited to policing — American schools have long struggled with racial inequity.
NPR: 4 Ways Racial Inequity Harms American Schoolchildren Read More »
Between the lines: Historically, business recipients of the Small Business Administration’s Section 7(a) loans, which PPP was structured under, have had their names and loan amounts publicly disclosed on an annual basis.
Axios: Kudlow: No one promised to name businesses that received PPP loans Read More »
Inequality permeates the very air we breathe.
Bloomberg: Opinion | Fighting Climate Change Means Fighting Racial Injustice Read More »
Local governments should not shore up their budgets by preying on the very people Covid-19 hit the hardest.
New York Times: Opinion | The Scandal of the Predatory City Read More »
A federal moratorium on evictions — which only applies to the 1 in 4 rental units that are backed by the government — expires in a matter of weeks.
Politico: Black community braces for next threat: Mass evictions Read More »
While some lawmakers want to continue substantial aid for millions of unemployed workers, others are concerned that the money is holding back a recovery that depends on employees returning to work.
The U.S. financial system could be on the cusp of calamity. This time, we might not be able to save it.
Atlantic: The Looming Bank Collapse Read More »
