Lawyers Committee For Civil Rights Under Law, October 3, 2023, Lawyers’ Committee Calls on the Supreme Court to Uphold Chevron, Citing Impacts on Civil Rights if Overturned The Lawyers’ Committee for Civil Rights Under Law – in collaboration with Pro Bono counsel Moore & Van Allen, PLLC – led a group of civil rights organizations […]
Colorado Newsline, October 3, 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
The Sun, September 23, 2023, Two Major Banks Set To Close Four Branches In Key State As Customers Need To Make Plans To Secure Their Money Banks filed paperwork to shut down four branches in Texas this year. The Texas branch closures will impact two major banks – JPMorgan and Home Bank. Bank closures are not reflective on
Next City, September 23, 2023, Banks Discriminate Against Black And Latino Small Businesses, Report Shows A new report by National Community Reinvestment Coalition shows widespread discrimination in small business lending. The coalition sent testers to 34 New York City bank branches to evaluate disparities in small business lending and found that “bank staff were more cordial, affirming
Next City: Banks Discriminate Against Black And Latino Small Businesses, Report Shows Read More »
American Banker, September 23, 2023, Rakuten Backpedals On Plan For Credit Union Charter Rakuten has withdrawn its latest bid for a federally issued charter after submitting an application to the National Credit Union Administration earlier this year. This was Rakuten’s fourth attempt to become a licensed financial institution in the U.S. Executives of the tech giant
American Banker: Rakuten Backpedals On Plan For Credit Union Charter Read More »
Lexology, September 23, 2023, Congressional Republicans Receive Banking And Credit Union Trade Association Support For Legislation To Overturn The CFPB’s Section 1071 Final Rule This summer, Representative Roger Williams (R-Texas) and Senator John Kennedy (R-La.) introduced identical Congressional Review Act (CRA) resolutions in the U.S. House and Senate (H.J. Res. 66 and S. J. Res. 32, respectively)
See How Much CRA Lending Has Gone Into Your Community Source: Home Mortgage Disclosure Act Data from the FFIEC (pre-2018) and the CFPB (2018-2020). Originations only to borrowers that are low-or-moderate income or who are in a low-or-moderate income census tract. Business loans are from the FFIEC. Loans to businesses with less than $1 million
See How Much CRA Lending Has Gone Into Your Community Read More »
(Download) October 10th, 2023 Chief Counsel’s Office Attention: Comment Processing Office of the Comptroller of the Currency 400 7th St. SW Suite 3E-218 Washington, DC 20219 RE: Trust in Banking Survey; Docket ID OCC-2023-0003 Dear Honorable Acting Comptroller Hsu: Thank you for the opportunity to comment on how the Office of the Comptroller will develop
The Biden-Harris effort to protect consumers from junk fees is also good for legitimate businesses.
NCRC Praises White House Action On Junk Fees Read More »
Race, Jobs, and the Economy October 2023 Update September 15th through October 15th is Hispanic Heritage Month. As noted in our Latino Racial Wealth Snapshot, almost 19% of Americans are Hispanic and while their population has almost doubled in number since 2020 they remain far less wealthy than non-Hispanic White Americans. From college attainment to homeownership to income, Hispanics
Hispanic Workers See Some Warning Signs In An Overall Good Jobs Report Read More »
Latino-owned businesses (LOBs) are the fastest growing segment of the US business population and, with continued efforts of capital infusion, are becoming a major economic engine for many communities. Between 2007 and 2019, for example, the number of LOBs grew by 34% while White-owned businesses (WOBs) experienced a 7% drop. In this same time period,
Over the last decade, Black women were the fastest-growing demographic of entrepreneurs in the United States. Accounting for 42% of all women who opened new businesses, the number of Black-women-owned firms grew by nearly 50% between 2014-2019. The very next year was a devastating one for small businesses everywhere – and the impact of the COVID-19 pandemic
This week, 200 community economic development advocates gathered in Denver to explore challenges, data, solutions and opportunities to create a just economy across Colorado, Arizona, New Mexico, Utah and Indian Country. Summit attendees heard a rich mixture of personal reflections and practical insights from regional leaders like Denver Mayor Mike Johnston, Denver International Airport CEO
Roundup: Highlights From The Just Economy Regional: Mountain West Summit Read More »
