In Voiding The Townstone Financial Settlement, The Trump Administration Revives Redlining
The Trump Administration vacated a cut-and-dried redlining settlement in Chicago. Here are the numbers — and the history — they don’t want you to see.
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Neighborhood Mental Health Outcomes Are Connected To Mortgage Lending Volumes, New Study Finds
Mental health outcomes are better in neighborhoods with higher volumes of mortgage lending, a research insight that was not possible prior to recent NIH-funded data tools.
Citadel FCU Redlining Settlement Proves It’s Time To Bring Credit Unions Under Community Reinvestment Act Enforcement
A recent federal law enforcement settlement with Citadel Federal Credit Union illustrates why the Community Reinvestment Act’s (CRA) omission of credit unions from its rules is a dangerous mistake, a leading community development and financial regulation advocate said Tuesday. “It no longer makes sense to let credit unions out of the common-sense obligations that CRA
New Dataset Empowers Researchers To Precisely Track The Effects Of Redlining Over Time
A new dataset will give researchers an unprecedented look at how long-term disinvestment and redlining affects public health.
New Dataset Empowers Researchers To Precisely Track The Effects Of Redlining Over Time Read More »
NEWS: Banking Bad Actors KeyBank, Capital One Lose Their Access To New York City’s Business
“Good cities shouldn’t do business with bad banks, so it’s great to see the New York commissioners take action here,” NCRC President and CEO Jesse Van Tol said.
KeyBank’s New Racial Equity Audit Contradicts Its Initial Denials Of Redlining And Other Lending Failures In Black Communities
“KeyBank knew they violated their promises to marginalized communities, but chose to…prioritize damage control over doing the right thing.” — Jesse Van Tol
REDLINED: KeyBank Continues to Fail Black America Despite Its Commitments to Improve
KeyBank disregarded commitments to improve lending to Black homeowners and potential homeowners. Federal data shows KeyBank now ranks at the bottom among the 50 largest mortgage lenders in the nation in the percentage of its borrowers who are Black, live in majority-minority or LMI neighborhoods and are people of color.
REDLINED: KeyBank Continues to Fail Black America Despite Its Commitments to Improve Read More »
Investing in Culturally-Significant Businesses and Community Growth
Arts and culture are an important component of overall quality of life for every person on earth. Access to cultural resources and connections – or the lack thereof – shapes many aspects of our nation’s society. It also influences economic outcomes, as economists who study the role of “human capital” in wealth-building and opportunity creation have identified.
Investing in Culturally-Significant Businesses and Community Growth Read More »
$24 Million Settlement Of Modern-Day Redlining Case In Philadelphia Shows Government Takes Lending Discrimination Seriously
The National Community Reinvestment Coalition (NCRC) on Wednesday applauded a $24 million settlement to punish serious intentional discrimination and redlining in the Philadelphia area, and urged the courts to endorse disciplinary action against Berkshire-Hathaway subsidiary Trident Mortgage Company proposed by the Department of Justice (DOJ) and Consumer Financial Protection Bureau (CFPB). “ online pharmacy buy
A new way to track the enduring impact of historic redlining
More than 8 million Americans live in neighborhoods that decades ago were systematically excluded from loans and investments through a racist system known as redlining.
A new way to track the enduring impact of historic redlining Read More »
Tracing the Legacy of Redlining: A New Method for Tracking the Origins of Housing Segregation
Eighty years after the Home Owners Loan Corporation (HOLC) formally drew its redlining maps, those neighborhoods are still high minority population areas with the highest rates of vacancy in their metropolitan areas.
Making CRA Relevant for a Changing Financial Services Industry
This paper examines shifts in the market share of banks and nonbank financial institutions in important product markets. Banks are covered by the Community Reinvestment Act (CRA) which requires them to serve all communities, including low- and moderate-income (LMI) ones. Nonbanks, in contrast, do not have this obligation.
Making CRA Relevant for a Changing Financial Services Industry Read More »
Entrepreneur: Cadence (CADE) to Settle Redlining Probes by the DOJ & OCC
Entrepreneur, September 1, 2021, Cadence (CADE) to Settle Redlining Probes by the DOJ & OCC buy levaquin online levaquin online generic online pharmacy mobic online with best prices today in the USA In order to address and settle previously-slapped allegations of lending discrimination by redlining the Black and Hispanic neighborhoods in Houston, TX, Cadence Bancorporation online
Entrepreneur: Cadence (CADE) to Settle Redlining Probes by the DOJ & OCC Read More »
24/7 Wall St: The Most Segregated Cities in America
24/7 Wall St, August 31, 2021, The Most Segregated Cities in America online pharmacy zoloft no prescription The patterns of segregation in many major metropolitan areas can be traced back to laws and legal racial housing policies of the early 20th century used to exclude Black residents from certain neighborhoods online pharmacy vibramycin buy with best
24/7 Wall St: The Most Segregated Cities in America Read More »
Chicago Tribune: John Oliver broke down housing discrimination on the latest ‘Last Week Tonight’. Here’s how the issue affects the Chicago area.
McMorris, a Washington, D.C.-based real estate developer and civil rights activist, has formed a new property redevelopment firm meant to right the wrongs of redlining, in partnership with the National Community Reinvestment Coalition.