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financial reform
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Why the Community Reinvestment Act Must Be Expanded Broadly Throughout the Financial Industry
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.
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Bair: Mortgage Crisis Shows We Need a Level Playing Field
FDIC Chairman Sheila Bair emphasized the “common goal” that should exist between banks and consumers regarding access to credit and healthy lending for the health of consumers and banks, as […]
Can’t Sue ‘Em? You Can Move Your Money
Local governents, frustrated (there’s an understatement for you) with the devastating effects of massive foreclosures have tried suing lenders for essentially offering defective products, and also for discriminatory treatment. Albany […]
Senate Passes Financial Reform; NSP 3 Included
With the Senate passing today, by a 60 to 39 margin, a major overhaul to the financial regulatory system (the Restoring American Financial Stability Act of 2010), we’re going to […]
What You Need To Know About Financial Reform
Is the public in favor of regulating Wall Street? A national survey conducted in March by the nonpartisan Pew Economic Policy Group found that 68 percent of the public have […]
Showdown on Wall Street and K Street
The shake-out of the American economy has left a handful of large banks at the pinnacle of the corporate power structure. Next week, a coalition of major community organizations, unions, […]
Strengthening the CRA
In 1995, the last time federal banking agencies revised the rules of the Community Reinvestment Act (CRA), they promised to conduct a follow-up review in 2002. Now that 2002 is […]