There has been a steady increase in foreign-born immigrants throughout the decades. In 1980, foreign-born immigrants accounted for only 5% of the US population. According to the 2020 Current Population Survey (CPS), immigrant parents and their US-born children make up 85.7 million of the US population, or around 26% of the US population.
Racial Wealth Snapshot: Immigration And The Racial Wealth Divide Read More »
Columbia represented case study in a new era of desegregation for American housing in the 1960s. These efforts at desegregation focused on easing the division of Black and White residential neighborhoods. While there has been exponential growth of the Asian and Hispanic communities of Columbia during the past three decades, this report focuses on the economic status of the Black community since development.
American Banker, January 26, 2023, Auto lending practices draw regulatory scrutiny for USAA Fair-lending and consumer protection advocates see the unprecedented second failing grade as a sign of both the severity of USAA’s malpractice and a growing willingness for regulators to be tougher on banks. “What is encouraging about all this is that we’ve called
American Banker: Auto lending practices draw regulatory scrutiny for USAA Read More »
Part 3 in our series examining the impact of banking institutions’ racial equity commitments made in the wake of the murder of George Floyd.
Funding For Racial Equity: Creating Favorable Private Investment Terms For CDFI Lending Read More »
Part Four of a four-part series examining trends in comment letters sent to regulators about pending Community Reinvestment Act reforms.
CRA Comments Review, Part 4: What Did Regulators Hear From Other Policymakers? Read More »
Scotus Blog, January 6, 2023, Homeowners ask the justices to enforce a New York consumer-protection law against banks Many mortgage lenders require a financial tool called an “escrow account” for people who buy homes. These accounts hold extra money from borrowers to cover property taxes and home-insurance payments that accrue throughout the life of a
Next City, January 3, 2022, Remembering The Heroes Of Socially Responsible Investment With no financial track record, little staff capacity and only a sketchy plan, we somehow connected to the Adrian Dominicans, who had expanded their work of economic justice beyond shareholder activism to affirmative investment in organizations fighting poverty. In the fall of 1982,
Next City: Remembering The Heroes Of Socially Responsible Investment Read More »
American Banker, January 4, 2023, The tech challenges facing minority banks and how they can solve them The National Bankers Association, whose member banks are minority depository institutions that hold assets of $400 million on average (excluding East West Bancorp in Pasadena, California, which has $62.5 billion of assets), has conducted further research to identify
American Banker: The tech challenges facing minority banks and how they can solve them Read More »
Insider, January 4, 2023, The rise of ‘Zoomtowns’ is going to make home prices and rents cheaper for everyone It’s easy to blame remote workers for the pandemic’s chaotic housing market. Highly paid white-collar employees who exercised their newfound freedom and turned once cheap locales into expensive “Zoomtowns” make for vivid villains.
United States Census Bureau, January 4, 2023, Minority Business Ownership Differs by Sector The diversity of business owners mirrors the changing profile of the nation’s population. The 2020 Census found that the population of nearly all race and ethnicity groups in the United States had grown since 2010 with the exception of the White alone population, which
United States Census Bureau: Minority Business Ownership Differs by Sector Read More »
CNN Business, January 5, 2023, Here’s what to expect in the housing market this year Throughout 2022, the Federal Reserve hiked its benchmark interest rate at a record pace to slow the economy and fight high inflation. Housing took the brunt of the impact, as the most interest rate-sensitive sector of the economy. The Fed’s
CNN Business: Here’s what to expect in the housing market this year Read More »
Trib Live, January 17, 2022, PNC closing 2 more Pittsburgh-area locations, including Vandergrift branch “While I hate to see a business leave the community, I also understand the reasons this is happening throughout the banking industry,” Kessler said. “Fewer and fewer people actually visit brick-and-mortar banks anymore. So much banking is done electronically.” According to
Trib Live: PNC closing 2 more Pittsburgh-area locations, including Vandergrift branch Read More »
American University Magazine, MetroCentrered: Navigating Neighborhood Transition Washington was the nation’s most intensely gentrified city between 2000 and 2013, according to the National Community Reinvestment Coalition (NCRC). Of 154 neighborhoods “eligible to gentrify”—those with median home values and household incomes below the 40th percentile—62 did based on increases in property values and college degree attainment.
American University Magazine: Metrocentrered: Navigating Neighborhood Transition Read More »
Axios Philadelphia, December 15, 2022, Mortgage lender accused of underserving Black homebuyers in Philly Why it matters:Philadelphia is still reckoning with a long history of discriminatory policies that made it more difficult for Black applicants to access mortgages, compared to their white counterparts. The other side: KeyBank said in a statement that it “strongly disagrees” with the NCRC’s
Axios Philadelphia: Mortgage lender accused of underserving Black homebuyers in Philly Read More »
American Banker, January 12, 2023, Community reinvestment group plans to put KeyBank’s regulators on notice One month after releasing a highly critical report about KeyBank’s mortgage lending record to Black borrowers, the National Community Reinvestment Coalition is taking its concerns to regulators. The fair-lending advocacy group says it is planning to send letters this quarter
