American Banker: What it means that ex-Fed officials are leading OCC

American Banker, June 11, 2021, What it means that ex-Fed officials are leading OCC

WASHINGTON — Under the Trump administration, the Office of the Comptroller of the Currency at times butted heads with other regulators over issues like reforming the Community Reinvestment Act and offering bank charter access to fintech firms. But new leadership could strengthen the OCC’s focus on coordinating with other agencies, observers say.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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