Nationally, banks have shut 1,915 more branches in lower-income neighborhoods than they’ve opened in the four years through 2018, according to S&P Global Inc. The three largest consumer banks — JPMorgan, Wells Fargo and Bank of America — led the way, S&P said.
Bloomberg: JPMorgan leads banks’ flight from poor neighborhoods Read More »
2020 Democratic candidates have policy plans to invest in communities that have been a victim of discrimination, but the question of whether these policies are a form of reparations has yet to be answered. One must first define what “reparations” actually means.
NPR: 2020 Democrats wrestle with a big question: what are reparations? Read More »
Oregon is poised to become the first state in the nation to impose statewide limits on how much landlords can raise rents after state lawmakers passed a sweeping measure on Tuesday.
The New York Times: Oregon to become first state to impose statewide rent control Read More »
Race appears to trump ethnicity when it come to predicting wealth, according to a new report examining the economic disparities among Miami’s diverse population.
In the mid-Atlantic, increased tidal flooding from 2005 to 2017 extracted $862.1 million in relative property value, the researchers found. Maryland saw a loss of $555.7 million, Delaware almost $300 million and Pennsylvania roughly $10 million.
CBS News: Homes lose $15.8 billion in value as seas rise, Maine to Mississippi Read More »
Federal Reserve Board of Governors member Lael Brainard, journalist and author Jose Antonio Vargas, and Beneficial State Bank CEO Kat Taylor will be among the featured speakers at the Just Economy Conference, March 11-13, 2019, at the Washington Hilton Hotel in Washington, D.C. The conference, hosted by the National Community Reinvestment Coalition (NCRC), is the
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2019 Just Economy Conference – Sign up for a session Read More »
Researchers found that high-poverty districts serving mostly students of color receive about $1,600 less per student than the national average. That’s while school districts that are predominately white and poor receive about $130 less.
NPR: Why white school districts have so much more money Read More »
Dedrick Asante-Muhammad, Chief of Equity and Inclusion at the National Community Reinvestment Coalition, discussed the 2018 predatory lending lawsuits against Wells Fargo and the ongoing racial wealth inequalities between Black and White Americans.
The job of massive integration seems overwhelming, but the impetus to pursue diverse neighborhoods appears to be underwhelming. The national racial divide is stark. Segregation impedes overall economic prosperity since large segments of the population are poorly educated and cannot obtain high-skilled jobs. Segregation also poisons our politics by preventing communication and thus deepening conflict
Facing down segregation; half-heartedly or with steely determination? Read More »
Amazon saw which way the wind was blowing. On Thursday, three months after announcing the results of its pageant of civic debasement, the company changed course.
Slate: Amazon and the end of the growth machine Read More »
The three barriers to building trust in financial services are: inconsistent reputations, transactional mindsets, and conflicting interests.
Frog Design: 3 barriers to building trust in financial services Read More »
Running in Baltimore traces the blueprints of divisions that have stood for a century. While other cities close their chapters on segregation, Baltimore languishes. Here, running breaks no boundaries.
In many local markets, the arrival and expansion of Airbnb is raising questions about its potential negative impacts on local housing costs, quality of life in residential neighborhoods, employment quality in the hospitality industry, and local governments’ ability to enforce municipal codes and collect appropriate taxes.
Economic Policy Institute: The economic costs and benefits of Airbnb Read More »
“Both Congress and the American people have a right to know — what is the articulated policy, what objectives are they trying to reach?” said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition. “To the extent even that’s not clear, you sort of have to read between the lines.”
American Banker: Bankshot White House is making hard job of GSE reform even harder Read More »
