CNBC: Over 50% of Department Stores in Malls Predicted to Close by 2021, Real Estate Services Firm Says

Department stores still represent about 60% of the anchor space within malls today, according to Green Street Advisors. Green Street is forecasting more than half of the department stores anchoring America’s malls are going to close permanently by the end of next year. 

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Rolling Stone: America Is Living Paycheck to Paycheck – On Purpose

The Trump administration blew $349 billion in small-business pandemic aid in four weeks, less time than it took for me to grow out my quarantine beard. That is nothing to be proud of, but President Trump still took his victory lap on Tuesday, boasting about breaking speed records for loans like it was an Olympic sport.

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NCRC Comment Letter on Monzo’s Charter Application

(Download) May 21, 2019 RE: NCRC Comment Letter on Monzo’s Charter Application To Whom it May Concern: The National Community Reinvestment Coalition (NCRC) maintains that Monzo’s charter application has not demonstrated a significant commitment to meeting the convenience and needs of the community to be served as required by the Community Reinvestment Act and the

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Joint Statement On CRA Rule Changes From OCC

A group of 18 civil rights, consumer protection and industry leaders issued the following joint statement: Today, the Office of the Comptroller of the Currency (OCC) announced long-anticipated changes to rules that enforce the Community Reinvestment Act (CRA). The Federal Reserve Board decided not to join the proposed rule and has offered alternative approaches. The

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Summary Fact Sheet on the OCC’s Final CRA Rule

The Office of the Comptroller of the Currency’s (OCC) final Community Reinvestment Act (CRA) rule released on May 20 would lessen the public accountability of banks to their communities by enacting performance measures on CRA exams that would be complex and opaque while at the same time over-simplifying how to measure bank’s responsiveness to local needs.

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Community Orgs to Trump Administration on CRA Rule: “We’ll See You In Court”

The National Community Reinstatement Coalition (NCRC), the California Reinvestment Coalition (CRC) and legal oversight group Democracy Forward announced today they intend to sue the Office of the Comptroller of the Currency (OCC) for unlawfully gutting the Community Reinvestment Act (CRA).

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