Today, the Trump Administration released its FY 2021 budget proposal, which would either eliminate or drastically reduce funding for numerous federal housing and community development programs that help lower-income families climb into the middle class.
Trump’s Annual Budget Proposal Bad for Economic Justice Read More »
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.
Will the Trump Administration dismantle our best protection against another financial crisis?
The New Yorker: The dangers of undoing Dodd-Frank Read More »
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.
The cruelty of this administration’s cuts isn’t a bug, it’s a feature.
The New York Times: Trump’s war on the poor Read More »
Many of Treasury’s recommendations for modernizing the Community Reinvestment Act would help financial institutions, not low-income communities.
American Banker: The ‘C’ in CRA should still mean something Read More »
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.
Reveal: Does the Trump administration’s plan to modernize anti-blight laws stack up? Read More »
Trump administration kicks off reassessment of 1977 law that has ‘not kept pace’ with changes in banking
The Wall Street Journal: Rules for lending to the poor under review Read More »
The Treasury’s recommendations come as federal bank regulators have indicated they will soon release a proposal to reform Community Reinvestment Act policy.
American Banker: Flexible boundaries and exams: how treasury would modernize CRA Read More »
A POLITICO investigation shows a persistent double standard in the president’s handling of relief efforts for Hurricane Harvey and Hurricane Maria.
Politico: How Trump favored Texas over Puerto Rico Read More »
The eventual pick will likely encounter heavy scrutiny from senators and, if confirmed, would take the helm of an agency still defined by turmoil nearly seven years after its creation.
American Banker: Five questions for CFPB nominee to replace Mulvaney Read More »
The resignation of National Economic Council Director Gary Cohn costs banks a top ally in the Trump administration and will likely further slow agency appointments.
American Banker: The end of ‘In Gary We Trust’: Cohn’s departure a blow to banks Read More »
Banking, student loans, and more — all have been affected by the regulatory pullback.
Get ready for a new front in the Trump administration’s war on communities of color and working people: “Reform” of the Community Reinvestment Act.
The Greenlining Institute: CRA “reform” is an attack on communities of color Read More »
