Tag: banks

Proposed CRA Rule Receives Mixed Reviews from Housers

Public comment is open through Aug. 5 on proposed Community Reinvestment Act rule changes. They are worlds better than the Trump-era proposal. Why are some advocates still disappointed?

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?

Protecting the Community Reinvestment Act Is an Investment in Economic Justice

The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation just released a set of proposed rules for the Community Reinvestment Act that threaten the very heart of the law.

To Address Displacement in Your Community, Start by Asking, “Who’s Financing...

While developers, tech companies, and greedy landlords are often cited as the usual suspects driving the housing crisis, one group is often overlooked: the banks that finance the deals.

Shelter Shorts, The Week in Community Development—July 23

Serial Eviction Filings in Atlanta | Rent Control for Seniors | HUD Wants Examples of Housing Discrimination | Worker-Owned Cooperative Triples Workforce

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

Extending a Bank Branch to the Community

The systemic closing of bank branches in low- and moderate-income neighborhoods is followed by payday lenders, pawnshops, and check cashing services stepping in to fill the void.

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