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banks
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The Government-Sponsored Enterprise that Turned Away from Its Housing Mission
In recent decades, the Federal Home Loan Bank system has strayed from its original purpose—lending to support housing. We want to change that.
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KeyBank and NCRC Are Back Together. What’s Different This Time?
The nonprofit is giving the big bank a shot at proving it’s not the “worst” for Black borrowers. But after getting burned by the lender during the last community benefits agreement, what guardrails can NCRC put in place to ensure KeyBank keeps its promises?
Appraisal Bias Is the Fair Housing Issue of the Day
Newly released data on home appraisal practices is a step forward in the fight against racially biased appraisals. There’s still a long way to go.
Only Halfway to Economic Democracy
Few books make me so angry that I must resist throwing them across the floor. One such book, published in 2002 (and since updated) was Greg Palast’s The Best Democracy […]
Redlining Would Be Relegalized by CRA Reform Proposal
In an attempt to make compliance easier for banks, regulators are proposing to incentivize the very thing the Community Reinvestment Act was written to fight.
Who Is Still Unbanked, And What Can We Do About it?
Seven percent of U.S. households, a group roughly the size of the population of Australia, were “unbanked” in 2015, meaning they have neither a checking nor savings account. This is the lowest unbanked rate recorded since the survey first launched in 2009