Washington Post: The forgotten Ferguson
Four years after Michael Brown was shot by police, the neighborhood where he was killed still feels left behind
Washington Post: The forgotten Ferguson Read More »
Four years after Michael Brown was shot by police, the neighborhood where he was killed still feels left behind
Washington Post: The forgotten Ferguson Read More »
The Trump administration is citing an endorsement from unlikely source — former President Barack Obama — as it touts a plan to reorganize the federal government.
AP: Interior links reorganization plan to Obama Read More »
Everyday people should support lawmakers, activists and public-interest technologists in demanding transparency, equity and accountability in the use of artificial intelligence that governs our lives.
New York Times: When the robot doesn’t see dark skin Read More »
First lady Melania Trump on Thursday made a surprise trip to Texas to meet immigrant children separated from their families due to the Trump administration’s “zero-tolerance” immigration policy.
The Hill: Melania Trump visits with immigrant children at Texas border Read More »
New technology using artificial intelligence is meant to take race and gender bias out of hiring, but it could backfire.
The New York Times: The Dangers of Facial Analysis Read More »
Minimum opening deposits and other fees associated with checking accounts are significantly higher in black and Latino neighborhoods.
“This new advance notice of proposed rulemaking appears to ask the kinds of questions that you might ask if you were trying to water down a rule,” says Jesse Van Tol, CEO of the National Community Reinvestment Coalition, a nonprofit that promotes fair practices in lending and housing. “Are there loopholes that should be provided? Is the rule burdensome?”
CityLab: How HUD Could Reverse Course on Racial Discrimination Read More »
“By eliminating affordable housing goals from the conventional mortgage market, lenders can choose to loan only to the well-heeled rich and ignore everybody still working their way up the economic ladder,”- Jesse Van Tol on Fannie, Freddie reform plan.
Only a fraction of the pledges for Ferguson reached the neediest parts of town. All the corporate goodwill – and millions in investments — were not enough to overcome a long legacy of racial discrimination and economic exclusion. Residents of Canfield Green, where Brown was shot and killed, say they feel abandoned.
The recommendation to abolish affordable housing goals would be disastrous for young Americans and the working class.
HUD appears to be thinking about how to create loopholes to avoid findings of disparate impact, a standard that says discrimination, regardless of intent, is illegal.
The Trump administration reconsiders the disparate impact rule Read More »
Joseph Otting, comptroller of the currency, is leading an effort to revamp the Community Reinvestment Act, which penalizes banks that discriminate against borrowers.
Supervisory Policy and Processes for Community Reinvestment Act Performance Evaluations OCC bulletin 2018-7 describes a number of technical and methodological issues concerning designation of assessment areas, data used on Community Reinvestment Act (CRA) exams, and scheduling of exams.[1] While this may seem technical in nature, the examination procedures outlined in the bulletin can have a
NCRC analysis of OCC bulletin 2018-17 Read More »
George Orwell was no banker, but if you applied his words to the current debate on the Community Reinvestment Act, he was correct: “The most effective way to destroy a people is to deny and obliterate their own understanding of their history.”
American Banker: Before modernizing CRA, consider its history Read More »
Juneteenth is the oldest known US celebration of the end of slavery. African-Americans and others mark the anniversary much like the Fourth of July, with parties, picnics and gatherings with family and friends. Here’s a look at Juneteenth, also called Emancipation Day, by the numbers:
CNN: Juneteenth: By the numbers Read More »