NYTimes, October 3, 2023, New York Is Rebounding For The Rich. Nearly Everyone Else Is Struggling. As New York City inches closer to recovering all the jobs it lost during the pandemic, Manhattan — the city’s economic engine — marked a far less encouraging milestone. It now has the biggest income gap of any large […]
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Shelterforce, October 3, 2023, Which U.S. Laws Require Accessibility In Housing—And How Well Do They Do? Section 504 says that in any housing development that receives federal funds, at least 5 percent of the units must be accessible for people with physical or mobility disabilities and 2 percent accessible for people with vision or hearing
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NPR, October 3, 2023, Consumer Watchdog Agency’s Fate At Supreme Court Could Nix Other Agencies Too If you have a mortgage or a loan or a credit card, you likely have more protection from deceptive practices in the financial services industry today than you did at the time of the 2008 financial crash. Now, however,
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The New York Times, September 22, 2023, Children Are The Casualties In New Yorkers’ Daily Struggle For Space In New York, intimate tragedies often provide the clearest view of our bleakest problems, the most urgent invitation to reckon with systemic failings. The case of Nicolas Feliz Dominici, almost 2, who authorities say died after exposure
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CNBC, September 22, 2023, Biden Administration Takes Steps To Remove Medical Bills From Credit Reports The Biden administration wants to remove medical debt completely from consumer credit reports, so the Consumer Financial Protection Bureau on Thursday outlined its proposed rules to keep unpaid medical bills from affecting patient’s credit scores. Medical debt is the most common debt in collection. The
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American Banker, September 22, 2023, Rate ‘Lock-in’ Effect Is Hurting Housing And Mortgage Markets, Powell Says Federal Reserve Chair Jerome Powell acknowledged that the so-called “lock-in” effect has contributed to stagnation in the mortgage lending market and the nation’s broader housing woes, but he said he doesn’t regret the central bank’s monetary policy moves that played a major
The Washington Post, September 22, 2023, Biden’s New Climate Corps Will Train Thousands Of Young People President Biden announced an initiative to train more than 20,000 young people in skills crucial to combating climate change, such as installing solar panels, restoring coastal wetlands and retrofitting homes to be more energy-efficient. As part of a recruitment push,
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The Sun, October 10, 2023, Major Bank Closures Hit Over 1,000 Locations Across 5 US States With Wells Fargo Leading Pack By Shutting 267 Branches The banking industry has witnessed over 1,000 retail branch locations close already in 2023. In 2021, Wells Fargo lead the pack with 267 closures, per S&P Global Market Intelligence Data
Business Wire, October 10, 2023, Wolters Kluwer Announces Keynote Speakers For The 27th CRA & Fair Lending Colloquium Wolters Kluwer Compliance Solutions will host its 27th annual CRA & Fair Lending Colloquium November 13-16 in Austin, Texas. Kristen Clarke, Assistant Attorney General for Civil Rights at the U.S. Department of Justice, will present the keynote address on Monday, November 13. Jesse Van
The Sun, October 10, 2023, Final Hours Until Wells Fargo Closes Two Locations As 100 Are Set To Shut Down This Year Two more Wells Fargo branch locations are set to shutter in New Mexico on October 4. Banks have pointed to plans to digitize as the main culprit for the closures, but the rate has shocked some lawmakers into action. Around one-third of
Next Pittsburgh, October 10, 2023, South Side’s Tarnished Reputation May Be Contributing To Its Gentrification Over the past two years, violence on East Carson Street has kept the community in the media spotlight. Responses have been swift: new policing initiatives and the formation of the South Side Community Action Network (SouthSideCAN). Yet, the South Side continues to
Source NM, October 10, 2023, Colorado River Officials To Expand Troubled Water Conservation Program In 2024 Colorado River officials plan to expand a conservation program next year that pays farmers and ranchers to use less water. But questions remain about some of the proposed ideas and the program’s overall efficacy. The state initially launched the System
PBS, October 10, 2023, In This 5k, Runners Experience The History And Resilience Of North St. Louis North St. Louis has endured decades of disinvestment and systemic racism. On maps from the 1930s, federal agencies designated much of the area “hazardous” or “definitely declining.” The practice of redlining, or systemically denying a person mortgages, insurance
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Bloomberg Law, October 3, 2023, Banks, Realtors Push US Agencies to Cap Home Appraisal Do-Overs Banks and realtors urged federal regulators to limit the number of times a potential homebuyer or seller can challenge an appraisal of the property’s value. Five agencies proposed guidance in June seeking to make it easier for consumers to ask
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Axios, October 3, 2023, How New Bank Capital Rules Could Hit Black Borrowers Hardest New Federal Reserve rules meant to make big banks safer — the set of plans known as Basel Endgame — would make it even harder for low- and middle-income Americans, a group that includes a disproportionate number of Black Americans, to get a
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