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When The Tired, Poor, Huddled Masses Fought Back

Financial Justice is the untold story of how a diverse group of progressive organizations took on the powerful financial lobby, pushed Congress to create a strong new consumer protection agency and against the odds, won.

view from street of empty bakery

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Is Success Making CDFIs Too Risk-Averse?

Shelterforce’s Miriam Axel-Lute in conversation with Ed Gorman of NCRC on whether community development financial institutions (CDFIs) are taking enough risk, and therefore, falling short of their mission.

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Pushing Back Against the Demolition Juggernaut

Memphis has knocked down all but one of its public housing complexes — and the housing authority assumed that a Choice Neighborhoods grant would be license to demolish the last one. But the community had a different idea.

Bank corporate finance building seen from below. The sign "bank" visible close. Sky reflecting in the glass facade. More Facade pictures below

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The Post-Protest Pledges: Banks’ Racial Equity Initiatives

It’s been almost two years since the racial justice reckoning galvanized big banks to promise billions of dollars to increase racial equity and close the wealth gap. What are those dollars going toward, and how big a change do they represent?

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The Housing Crisis: How Did We Get Here? Where Do We Go?

In early October 2008, The Kirwan Institute hosted a national summit on subprime lending, foreclosure, and race. We didn’t know it when we were planning the event, but a series of unfolding economic events spurred by our nation’s housing crisis would have our government contemplating a $700 billion financial sector bailout on the eve of our convening.

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The Housing Change We Need

The foreclosure crisis has pushed the envelope so far, it’s left an opening where we can start building a real national housing policy.

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Predatory Lending: Redlining in Reverse

The proverbial American dream of owning a home has become an all-too-real nightmare for a growing number of families. Take the case of Florence McKnight, an 84-year-old Rochester widow who, […]

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Brave New World for Nonprofits

The current “bathtub recession” poses a drowning hazard for community development and housing groups, as philanthropic giving shrinks and foundations look beyond nonprofits for solutions to social problems.

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Rural Lending in the Financial Modernization Era

The banking industry has touted financial modernization as revolutionary legislation that will improve services and reduce costs for all Americans. The actual outcomes may be mixed for rural areas, which […]