Analysis and points of view on research, trends, issues, ideas and opportunities.
All rural business owners face special challenges, but none more so than those from social groups that have long been fenced out of key financial services. We’re solving that problem.
How can distressed commercial areas regain economic vibrancy? Catapult Greater Pittsburgh is providing creative solutions built to last.
What can the November jobs report tell us about the future of racial economic inequality?
As conversations regarding the rapid concentration of wealth dominate economic and political discourse, it’s worth analyzing the details of wealth within the billionaire class. However, little attention has been paid to billionaires of African descent. Twenty-four people of African descent have appeared in the Forbes billionaires list. People of African descent have historically been locked
The Racial Wealth Divide and Black Billionaires Across the Globe Read More »
KeyBank continued its years-long retreat from promoting Black and low-income homeownership in 2022, an analysis of the most recent federal data on mortgage lending reveals. Black borrowers made up just 2.6% of the Cleveland-based bank’s home purchase mortgage lending in 2022, down from 3% the year prior. KeyBank has been pulling back from supporting Black
KeyBank’s Betrayal Of Black And Low-Income Homebuyers Continued In 2022 Read More »
When the first Black billionaires emerged, most stemmed from the entertainment industry. In 2001, Black Entertainment Television cofounder Bob Johnson was the world’s wealthiest Black person with an estimated net worth of $1.6 billion. By 2021, Johnson’s estimated fortune had fallen by more than half – meaning he no longer appeared on annual magazine lists
The Racial Wealth Divide and US Black Billionaires Read More »
Was the October jobs report good, bad, or just plain complicated?
Low Unemployment and Labor Victories Unlikely to Bridge Racial Wealth Inequality Read More »
Federal Reserve Vice Chair for Supervision Michael Barr, FDIC Board Chairman Martin Gruenberg and Acting Comptroller of the Currency Michael Hsu will discuss the new Community Reinvestment Act (CRA) rules in a live conversation with National Community Reinvestment Coalition (NCRC) President and CEO Jesse Van Tol next Friday, November 3rd. Interested parties can register for
The CFPB thinks that your personal data should belong to you, not your bank.
The CFPB Wants To Put You Back In Charge Of Your Personal Financial Data Read More »
Who were the first Black billionaires, and how did they make their money?
The Racial Wealth Divide and The First Black Billionaires Read More »
The CFPB and FTC are fining TransUnion $20 million for tenants rights violations.
TransUnion Faces Big Fine As Regulators Heed NCRC Call For Fairness In Tenant Screening Read More »
This week, 200 community economic development advocates gathered in Denver to explore challenges, data, solutions and opportunities to create a just economy across Colorado, Arizona, New Mexico, Utah and Indian Country. Summit attendees heard a rich mixture of personal reflections and practical insights from regional leaders like Denver Mayor Mike Johnston, Denver International Airport CEO
Roundup: Highlights From The Just Economy Regional: Mountain West Summit Read More »
Five fintechs express support for the Consumer Financial Protection Bureau ahead of the CFPB’s Supreme Court case.
New racial wealth snapshots on the AAPI and Latino communities demonstrate the wide diversity of economic experiences facing members of those groups.
The Supreme Court’s recent affirmative action ruling is creating wider anxiety in the business community. Special Purpose Credit Programs are not in jeopardy.
