A curated collection of links to news, analysis, trends, ideas and views from elsewhere.
A letter to Treasury Secretary Steve Mnuchin on the Trump Administration’s review of the Community Reinvestment Act.
CBC: To Trump Administration – don’t weaken the Community Reinvestment Act Read More »
HUD officials spent $31,000 on a new dining room set for Secretary Ben Carson’s office.
New York Times: Ben Carson’s HUD Spends $31,000 on Dining Set for His Office Read More »
Regulators plan to have a revamped version of CRA rules ready for distribution by the end of March.
American Banker: New CRA proposal scheduled for release in March: OCC’s Otting Read More »
Not only is hate-tweeting articles a real thing, it may be the dominant mode for how minorities talk about media coverage about their communities.
Co.Design: Two Charts Showing How The Mainstream Media Gets Minorities Wrong Read More »
A trend has swept across government since Trump took office—a gutting of anti-discrimination measures across the financial services, including mortgages, car loans, payday loans, and more.
Senate bill would exempt regional lenders from post-crisis oversight rules
Financial Times: Democrats get campaign cash from banks ahead of deregulation vote Read More »
That the legislation is coming 10 years after the worst credit crunch since the Great Depression has fueled passions around the debate.
Politico: A decade after meltdown, Senate moves to roll back bank rules Read More »
Within days of the mass shooting at Marjory Stoneman Douglas High, a group of students had organized to advocate for change.
The New Yorker: How the survivors of Parkland began the never again movement Read More »
A new Gospel of Wealth is needed?—?one that espouses shared prosperity and conceding power, while building a more just society.
BALLE Views: Wealth Inequality and The Fallacies of Impact Investing Read More »
Reveal exposes modern-day redlining is occurring in at least 61 US cities. In Philadelphia, black applicants there were almost three times as likely to be denied a conventional home purchase loan as white applicants. And this discrimination isn’t just a few banks, nearly two-thirds of mortgage lenders are still discriminating against clients of color.
Reveal: For people of color, banks are shutting the door to homeownership Read More »
An analysis of 31 million mortgage records made available under the Home Mortgage Disclosure Act found 61 metro areas across America where people of color were denied conventional home purchase loans at significantly higher rates than whites.
WTOP: Kept out: loophole in law for the poor spurs gentrification Read More »
The Community Reinvestment Act is worth strengthening to fight discrimination.
Bloomberg: Banks still need a nudge to be colorblind Read More »
As regulators look to update the Community Reinvestment Act, they should better integrate online and mobile banking activity as part of exam performance.
American Banker: BankThink digital banking needs to be front and center in CRA reform Read More »
Born as a fiercely independent agency meant to protect citizens, the Consumer Financial Protection Bureau has quickly been subsumed into the Trump administration. Banks, student-loan agencies and payday lenders are the winners.
Propublica: The CFPB’s declaration of dependence Read More »
Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.
Reveal: For people of color, banks are shutting the door to homeownership Read More »
