Slate: Status whoa
A new study finds that Obama voters who went Trump were motivated not by economic anxiety, but by a fear of losing power.
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Reveal: Warren writes to regulators on ‘disturbing pattern’ of fair housing changes
The Democratic Senator said officials are rolling back anti-discrimination protections for people of color in the face of modern-day redlining.
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Event Recap – 2018 #JustEconomy Conference
More than 1,100 community and national leaders from 40 states, Washington DC, and Puerto Rico attended 41 conference sessions and joined 100 meetings with lawmakers and Congressional staffers on Capitol Hill.Â
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CityLab: Why entrepreneurs of color are struggling
Is there a way to close the vast racial startup gap?
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Times Free Press: First Tennessee boosts lending to low- and moderate-income Chattanooga residents
Decades of banking bias have left many unfairly cut out of home ownership, local and national reports show, but one national organization is partnering with a Chattanooga grassroots nonprofit organization to combat the inequity one bank at a time.
The New York Times: Zelle, the banks’ answer to Venmo, proves vulnerable to fraud
The personal payment platform Zelle is flourishing. But so are fraudsters, who are exploiting weaknesses in the banks’ security.
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Bloomberg: Palantir knows everything about you
Peter Thiel’s data-mining company is using War on Terror tools to track American citizens. The scary thing? Palantir is desperate for new customers.
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WAMU: After accusations of lending discrimination, JPMorgan Chase announces major D.C. expansion
Chase’s arrival in the D.C. area is significant in part because it has been accused of lending discrimination here.
Reveal: Chase announces major expansion in DC
JPMorgan Chase will open 70 new branches in the District.
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New York Times: Punishing Wells Fargo: Just dessert, or beating a dead horse?
At this point it’s hard to imagine what more Wells Fargo can do (or how much more it can spend) to make amends.
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NCRC analysis of CRA Treasury report
The Department of Treasury released its long anticipated memorandum recommending changes and updates to the Community Reinvestment Act (CRA) in early April. Spring is a season of renewal and CRA is a law that indeed needs refreshing and updating. Passed in 1977, it imposes an affirmative obligation on banks to serve the needs of local communities. The statute directs federal bank agencies to examine and rate banks on their lending and service in low- and moderate-income communities.
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American Banker: The ‘C’ in CRA should still mean something
Many of Treasury’s recommendations for modernizing the Community Reinvestment Act would help financial institutions, not low-income communities.
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Brookings: The early results of states’ Opportunity Zones are promising, but there’s still room for improvement
Adam Looney looks at early results of which neighborhoods states are designating Opportunity Zones.
Medium: Dear white neighbor,
This Saturday there’s a Nazi Rally coming to Newnan, right down the street from where we live.
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The New York Times: Blacks still face a red line on housing
The Great Recession reduced the African-American homeownership rate to levels not seen since housing discrimination was legal in the 1960s.
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