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American Banker: Illinois officials unveil proposals to widen regulatory powers

American Banker, February 22, 2023, Illinois Officials Unveil Proposals To Widen Regulatory Powers The measures draw on numerous ideas that have been enacted in recent years by Democratic lawmakers in New York and California, as well as by congressional Democrats. One bill would require digital-asset exchanges and related businesses to obtain a license to operate in […]

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The washington Post: Seattle becomes first U.S. city to ban caste discrimination

The Washington Post, February 22, 2023, Seattle Becomes First U.S. City To Ban Caste Discrimination But caste-based discrimination remains entrenched in society, and similar practices have followed the South Asian diaspora community to the United States and elsewhere, activists say. More recently, there have been efforts to bring attention to caste-based prejudice in Silicon Valley

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CNBC: Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession. Here’s what that means for rental prices

CNBC, February 21, 2023, Wall Street Has Purchased Hundreds Of Thousands Of Single-Family Homes Since The Great Recession. Here’s What That Means For Rental Prices Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management. And a group of Washington, D.C., lawmakers say Wall Street needs to back

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The New York Times: The Era of Shutting Others Out of New York’s Suburbs Is Ending

The New York Times, February 21, 2023, The Era Of Shutting Others Out Of New York’s Suburbs Is Ending For much of the 20th century, towns surrounding New York City used a stomach-churning mix of racial covenants and restrictive zoning laws to shut out Black Americans and others considered undesirable from thriving suburbs. The federal

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Bloomberg: Wall Street Clashes With Green Bankers Fed Up With Oil Agenda

Bloomberg, February 20, 2023, Wall Street Clashes With Green Bankers Fed Up With Oil Agenda The Net-Zero Banking Alliance, which is a sub-unit of the Glasgow Financial Alliance for Net Zero, faces a potentially embarrassing mutiny from some of the world’s most climate-conscious lenders after it decided against imposing binding restrictions on fossil-fuel financing. One lender, Germany’s

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Urban Institute: Why Did Black and Latino Homeownership Increase During the Pandemic?

Urban Institute, February 7 2023, Why Did Black And Latino Homeownership Increase During The Pandemic? During the COVID-19 pandemic, Black and Latino homeownership increased more than white homeownership, with Black and Latino homeownership rates increasing by 2 and 2.5 percentage points, respectively, while the white homeownership rate increased just 1 percentage point. On its surface,

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Memphis Business Journal: ‘A major factor:’ Inside TD’s $50 Billion community benefits plan — and how it could impact both the First Horizon deal and Memphis

Memphis Business Journal, February 28, 2023, ‘A Major Factor:’ Inside TD’s $50B Community Benefits Plan — And How It Could Impact Both The First Horizon Deal And Memphis In 2022, NCRC facilitated five two-hour meetings, which ultimately helped lead to the $50 billion community benefits plan that TD unveiled this month. Here’s an inside look

Memphis Business Journal: ‘A major factor:’ Inside TD’s $50 Billion community benefits plan — and how it could impact both the First Horizon deal and Memphis Read More »

Yes Magazine: Could We End Wealth

Yes Magazine, February 27, 2023, Could We End Wealth No one should have a billion dollars. Yet there are now nearly 1,000 billionaires in the United States alone, according to Visual Capitalist, with a combined net worth of more than $4 trillion. Billionaires are a byproduct of an upside-down economic system. Wealth inequality is often seen

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We Are Iowa: Des Moines realtor works to close racial homeownership gap

We Are Iowa, February 25, 2023, Des Moines Realtor Works To Close Racial Homeownership Gap According to the National Community Reinvestment Coalition, there’s been at least a 20% gap in homeownership rates between Black and white Americans for over 100 years. “We see that those are communities that have struggled the worst with some of the housing

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WVXU/NPR: Man files federal complaint alleging racial discrimination in Cincinnati property appraisal

WVXU/NPR, February 27, 2023, Man Files Federal Complaint Alleging Racial Discrimination In Cincinnati Property Appraisal Terry Horton was going to refinance a North Avondale apartment building he rented to predominantly Black residents, about half of whom use Section 8 vouchers, in order to buy another building he would also offer as affordable housing.  But Horton,

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Shelterforce: NCRC Claims KeyBank Broke Promises, Failed Black Homeowners

Shelterforce, February 24, 2023, NCRC Claims KeyBank Broke Promises, Failed Black Homeowners When KeyBank sought to acquire Buffalo-based First Niagara, which would make it one of the nation’s largest banks, it not only had to prove to banking regulators that the merger was sound, it also had to win over local and national advocates. The

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The Baltimore Sun: Dealing with ‘creeping segregation’ in Columbia

The Baltimore Sun, February 24, 2023, Dealing With ‘Creeping Segregation’ In Columbia The planned community of Columbia represented a clear break with segregationist practices in urban development. When it was developed in the mid-1960s, the Rouse Corporation intentionally welcomed people of all races and faiths, rejecting racial steering, redlining and discouragement of Black families searching

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CNBC: Black Families’ Net Worth Has Grown More Than Other Racial Groups Since Covid, But Wealth Gap Remains Wide

CNBC, February 23, 2023, Black Families’ Net Worth Has Grown More Than Other Racial Groups Since Covid, But Wealth Gap Remains Wide Black families saw their wealth grow more than that of non-Black households during the pandemic, but the racial wealth gap is still vast, a new study showed. The average net worth among Black

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Pennsylvania Business Report: TD Bank announces plan to build on community engagement

Pennsylvania Business Report, February 21, 2023, TD Bank announces plan to build on community engagement TD Bank, which has locations in 63 Pennsylvania cities and towns, announced Wednesday it would launch a five-year Community Benefits Plan that would provide an estimated $50 billion impact to its communities across the United States.  The Community Benefits Plan,

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