One in three jobs held by women has been designated as essential, according to a New York Times analysis of census data crossed with the federal government’s essential worker guidelines. Nonwhite women are more likely to be doing essential jobs than anyone else.
The New York Times: How Millions of Women Became the Most Essential Workers in America Read More »
The prospect of a pandemic has been a well known systemic risk for many years, but no one could have predicted the exact timing or nature of the current coronavirus crisis.
Presidents’ Council on Impact Investing asks regulators to “immediately suspend efforts that could severely undermine the CRA and rob communities of desperately needed support”
We have known for years that gentrification has disproportionately displaced black and Latino people from their homes across the U.S., “excluding existing residents from the benefits of a revitalizing neighborhood,” as one study put it.
The Washington Post, March 10, 2020, Fears Of Corporate Debt Bomb Grow As Coronavirus Outbreak Worsens The coronavirus panic could threaten a $10 trillion mountain of corporate debt, unleashing a cycle of layoffs and business spending cuts that would hit the economy just as some analysts are warning of a recession. Financial markets already are
The Washington Post: Fears of Corporate Debt Bomb Grow As Coronavirus Outbreak Worsens Read More »
This time, rather than mortgage delinquencies growing over time, it could spike suddenly as people suddenly find themselves without a job, said Jesse Van Tol, chief executive of the National Community Reinvestment Coalition.
Some of the critics of Square’s application include Americans for Financial Reform and The National Community Reinvestment Coalition, both of which wrote letters to the FDIC opposing the application.
Silicon Angle: Square Gains FDIC Conditional Approval For a Banking License Read More »
The U.S. loan servicing industry, easily overlooked during good economic times, is now facing its most challenging moment since the financial crisis of 2008 and 2009.
American Banker: Coronavirus Testing Loan Services’ Mettle Read More »
Families and businesses in southeast Queens are being shunned by the banking system, possibly in violation of federal law. And that makes Rep. Gregory Meeks furious.
As the novel coronavirus hammers the global economy, lawmakers and housing advocates are calling for a national moratorium on evictions and foreclosures while cities on each coast have started taking their own actions.
American Banker: Calls Mount For US to Halt Foreclosures, Eviction Amid Health Crisis Read More »
On March 6, the Student Borrower Protection Center, Americans for Financial Reform Education Fund, the National Community Reinvestment Coalition and the National Consumer Law Center sent a letter to the Alternative Reference Rate Committee (AARC) urging the AARC “to consider the unique risks inherent to the private student loan market and to prioritize the protection of student loan borrowers” in connection with the change from LIBOR to the new Secured Overnight Financing Rate (SOFR) index.
More than 450 farmers killed themselves across nine Midwestern states from 2014 to 2018. Meanwhile, calls to Farm Aid’s crisis hotline soar.
USA Today: Midwest Farmers Face a Crisis. Hundreds Are Dying By Suicide. Read More »
Wells Fargo Chair Betsy Duke resigned abruptly Sunday, just days after Representative Maxine Waters called for her ouster.
Wells Fargo executives maintain that the bank’s wealth-management operation is close to turning around.
The Wall Street Journal: As Market Booms, Wells Fargo Financial Advisers Struggles Read More »
In selecting judges for top US courts, President Donald Trump has searched for reliable conservatives who would reduce federal regulatory power over the environment and energy, worker safety and consumer affairs.
CNN: Trump’s Anti-Regulatory Push Fases Major Supreme Court Test Read More »
