A coalition of housing, consumer protection and community development organizations yesterday called on the Trump administration to not undermine policies that help low- and moderate-income (LMI) people buy homes, and avoid changes that would make home-buying harder for millions.
A newly revealed suggestion to revamp a basic concept in the Community Reinvestment Act could undermine long-standing attempts to minimize redlining and improve needed investment in minority and low-income communities.
Many of Treasury’s recommendations for modernizing the Community Reinvestment Act would help financial institutions, not low-income communities.
The treasury secretary has discovered the key to Cabinet survival: flattering the boss.
Here’s what the Treasury Department’s changes would do, and wouldn’t, toward solving four major problems we have outlined in our investigation.
Trump administration kicks off reassessment of 1977 law that has ‘not kept pace’ with changes in banking
The Treasury’s recommendations come as federal bank regulators have indicated they will soon release a proposal to reform Community Reinvestment Act policy.
A POLITICO investigation shows a persistent double standard in the president’s handling of relief efforts for Hurricane Harvey and Hurricane Maria.