Financial System

The UK saw a dramatic change in landlord behavior once security deposits were put into the hands of a third party.

Did we want to bail out corporate landlords or help renters? Because we’re doing the former.

Congress has an opportunity it must not squander to acknowledge the racial inequity built into our failing infrastructure and put into operation the promise of equity in Biden’s infrastructure plans.

Community development financial institutions lend to micro- and small-business owners, but the jobs those businesses create are often minimum wage, part time, or otherwise low quality. What makes a job a good job, and what are CDFIs doing to help small-business borrowers create good jobs?

Mary Stimpson was supposed to be a high-priority candidate for assistance repairing her roof and furnace. Instead she languished for years without heat until some advocates went above and beyond. 

The devastation that communities in the Rio Grande Valley experience is twofold: the initial destruction of the floods and the cycle of debt and poverty as a result of predatory loans.

Andre M. Perry’s Know Your Price: Valuing Black Lives and Property in America’s Black Cities reveals the web of historical and contemporary socioeconomic barriers that maintain the racial wealth divide and does this through personal narrative, history, and an exploration of a wide array of social issues.

Why are there three different agencies enforcing the Community Reinvestment Act, or CRA? Who does each agency enforce it on?

How to keep affordable apartments and single-family homes out of the hands of institutional investors if the coronavirus pandemic leads to a giant wave of evictions and foreclosures.

It may seem counterintuitive, but in order to close the wealth gap, we must shift our focus from the gap itself to the policies, conditions, and systems that spawned it.

The financial industry has been one of the main perpetrators of racial discrimination. It should be obligated to serve all communities, particularly communities of color.

All banking activities, regardless of whether they benefit middle- and upper-income or low- and moderate-income people and communities, could count in the next round of CRA exams. This would further disadvantage communities that are already disproportionately impacted by the pandemic.