NCRC

KeyBank’s new East Side branch is getting ready to open next month, and its neighbors are noticing. The new branch is a visible piece of the five-year national community benefits plan that Key launched at the start of 2017.

In the week since President Trump and Congressional Democratic leaders announced a vague agreement to pursue a $2 trillion infrastructure plan, more than one note of doubt has been sounded. Depending on how the plan is structured, people in America’s rural areas (who arguably need more of an economic boost than anyone else) could be left out.

Although gentrification tends to improve neighborhood amenities, it can also cause difficulties for long-time residents of poor minority communities. But overall, gentrification isn’t a big source of displacement.

Dozens of groups involved in community development lending on Friday praised the potential benefits of the pending merger of BB&T and SunTrust Banks, but a small number of leaders raised concerns about potential job losses in certain communities.

The community and socio-economic effects of BB&T Corp. buying SunTrust Banks Inc. dominated the first of two public regulatory meetings about their proposed $66 billion megadeal.

Washington, D.C., apparently is the capital of the Gentrification Nation too. Gone are many of the decaying structures and dilapidated blotches of disrepair. And gone are some of the small black businesses and shops near Howard University’s main campus.

Small banks and credit unions could get a break on providing mortgage data to the government under a plan released Thursday, reducing the amount of borrower information collected under a law aimed at preventing lending discrimination.

On April 30, Cheryl Davila and Ben Bartlett told their colleagues on the Berkeley City Council that the city should draft “rules and regulations to halt the loss of people of color including the African Americans” and develop a “right of return” for Berkeley residents of color who have been displaced but would like to come back.

Merger partners SunTrust Banks Inc. and BB&T pledged a greater commitment to the community Thursday at a joint meeting of the Federal Reserve Board and the Federal Deposit Insurance Corporation.

The biggest proposed bank merger since the 2008 financial crisis is drawing flak from Sen. Elizabeth Warren and other key Democrats, who warn that it could create another institution so large that its failure would threaten the economy.

Eurweb.com, April 25, 2019: Charlene Crowell: Nation’s racial wealth divide worsens with federal tax cut If you’re like me, every time you hear a news reporter or anchor talk about how great the nation’s economy is, you wonder what world they are living in. Certainly these journalists are not referring to the ongoing struggle to