The Wall Street Journal, February 6, 2023, Banks are Hemorrhaging Deposits at Record Rate U.S. banks shed $206 billion in deposits in the third quarter, the second biggest decline on record. That extended the second quarter’s $370 billion decline and marked the first consecutive quarterly declines since 2010, according to the most recently available FDIC data back to 1984. […]

Huffpost, February 6, 2023, Why Rival Sides In The Housing Crisis Plaguing Major U.S. Cities Are Considering Peace Amid growing concern over the lack of affordable housing in major U.S. metropolitan areas, a movement of college-educated young professionals has arisen to challenge local resistance to liberalizing zoning laws that prevent the construction of more housing.

The New York Times, February 1, 2023, The Next Retirement Communities Won’t Be Just for Seniors New developments that integrate senior housing into age-diverse apartment buildings offer a more affordable alternative to isolated suburban retirement communities.

Politico, February 1, 2023, Biden to remake economic team with Brainard, Bernstein poised for top roles President Joe Biden is poised to shake up his leadership team with two veteran economic minds likely to assume new roles just as he faces his best chance yet to avoid a recession that could derail his reelection effort.

American Banker, February 1, 2023, American Banker: CFPB will cut credit card late fees to $8 The Consumer Financial Protection Bureau plans to cut credit card late fees to $8, wiping out up to $9 billion a year in fees that have become highly profitable for banks and credit card companies. CFPB Director Rohit Chopra

The New York Times, January 31, 2023, The Police Cannot Be a Law Unto Themselves In 2020, during the weeks of protest and civil unrest that followed the murder of George Floyd at the hands of a Minneapolis police officer, I argued that the problem of police violence and misconduct was a problem of democracy. And this week, in

Bloomberg, January 29,2023, Wall Street Is Losing Out to Amateur Buyers in the Housing Slump In this slice of the Sonoran Desert, the roles of vulture and carrion have suddenly reversed. First-time buyers and small investors have the upper hand on supposedly sophisticated players that badly misjudged the market. It’s quite a turnabout. More than

Forbes, January 27, 2023, Ending Affirmative Action Would Be A Terrible Mistake Just as with the rash Dobbs decision, it would be a terrible and partisan mistake to end affirmative action because its absence would generate profound consequences beyond the universities where the fight is playing out. Ending affirmative action will only compound the many lingering and

CNN, January 19, 2023, HUD Secretary on how to make fair housing a reality Under the leadership of President Joe Biden and Vice President Kamala Harris, HUD is taking bold action to realize the full promise of the Fair Housing Act and live up to King’s legacy. Soon, HUD will publish a “Notice of Proposed

JDSUPRA, January 27, 2023, Illinois Proposes Rules Implementing Its Community Reinvestment Act for Banks, Mortgage Lenders, and Credit Unions The Illinois Department of Financial and Professional Regulation (“IDFPR”) has issued a notice of proposed rules to implement the newly passed Illinois Community Reinvestment Act (“ILCRA”), aimed at serving the credit needs of low- and moderate-income

Axios, January 9, 2023, Mortgage buydowns are the hot new thing helping the housing market The hot new thing in the moribund housing market is called a mortgage buydown — it’s one of the concessions home sellers are increasingly offering buyers to seal a deal.