Dozens of groups involved in community development lending on Friday praised the potential benefits of the pending merger of BB&T and SunTrust Banks, but a small number of leaders raised concerns about potential job losses in certain communities.
American Banker: BB&T, SunTrust clear key hurdle on road to merger Read More »
The community and socio-economic effects of BB&T Corp. buying SunTrust Banks Inc. dominated the first of two public regulatory meetings about their proposed $66 billion megadeal.
Washington, D.C., apparently is the capital of the Gentrification Nation too. Gone are many of the decaying structures and dilapidated blotches of disrepair. And gone are some of the small black businesses and shops near Howard University’s main campus.
The Undefeated: Gentrification encroaches on Howard and Texas Southern campuses Read More »
Small banks and credit unions could get a break on providing mortgage data to the government under a plan released Thursday, reducing the amount of borrower information collected under a law aimed at preventing lending discrimination.
The Wall Street Journal: Plan aims to ease an antibias law’s mortgage-reporting rules Read More »
On April 30, Cheryl Davila and Ben Bartlett told their colleagues on the Berkeley City Council that the city should draft “rules and regulations to halt the loss of people of color including the African Americans” and develop a “right of return” for Berkeley residents of color who have been displaced but would like to come back.
Slate: Gentrification got gentrified Read More »
These changes will make it harder for the American public to see what’s going on.
NCRC condemns CFPB plan to help lenders hide data Read More »
The Just Economy Conference is the national event for community and national leaders who work for fairness in financial services, housing and business. We’re on the lookout for new speakers and topics. If you want to speak, or plan a session with a group of speakers – then send us your ideas!
2020 #JustEconomy – Call for speakers Read More »
The CRA, a decades-old law meant to ensure banks meet the credit needs of the communities they serve, is in need of an update. While 98% of banks get a passing grade on their CRA exams, it’s not always clear that their investments are actually benefiting locals.
Next City: New Orleans Needs a Stronger, Not a Weaker Community Reinvestment Act Read More »
Economic inequality is perhaps the most significant issue animating the upcoming presidential race. After four decades of economic polarization, there’s growing debate about how to put ordinary Americans back on a secure footing.
Merger partners SunTrust Banks Inc. and BB&T pledged a greater commitment to the community Thursday at a joint meeting of the Federal Reserve Board and the Federal Deposit Insurance Corporation.
Atlanta Business Chronicle: SunTrust, BB&T tout merger benefits Read More »
The biggest proposed bank merger since the 2008 financial crisis is drawing flak from Sen. Elizabeth Warren and other key Democrats, who warn that it could create another institution so large that its failure would threaten the economy.
Politico: Warren, Brown raise alarms about biggest bank merger since crisis Read More »
Eurweb.com, April 25, 2019: Charlene Crowell: Nation’s racial wealth divide worsens with federal tax cut If you’re like me, every time you hear a news reporter or anchor talk about how great the nation’s economy is, you wonder what world they are living in. Certainly these journalists are not referring to the ongoing struggle to
Eurweb.com: Charlene Crowell: Nation’s racial wealth divide worsens with federal tax cut Read More »
Data is the sunlight that makes possible the fight against discrimination. The Consumer Financial Protection Bureau (CFPB), however, is considering changing its method of disseminating loan data that would make it less readily available to the public and significantly hamper our collective ability to root out unfair and discriminatory practices.
The CFPB needs to keep easy access to HMDA data Read More »
RVA Mag, April 23, 2019: Fighting for food justice in a gentrified Richmond Across the city, gardens have emerged in communities of color, but the stewards don’t always match the neighborhood demographic. Without representation and community ownership, are these spaces making the food system more equitable? Not according to food justice activists like Duron Chavis,
RVA Mag: Fighting for food justice in a gentrified Richmond Read More »
A grassroots movement took hold in Downtown Silver Spring, Maryland, over 10 years ago with the sole purpose of creating an economically, racially and culturally diverse “suburban” town center. This community continues to emerge “as the place to be” for people at all income levels. In December 2001, Downtown Silver Spring successfully earned its Arts
Mobile Session: Equity in Art Read More »
