Illinois Legislature Provides A Roadmap For Progress With Its State-Level Community Reinvestment Act
A new state-level Community Reinvestment Act from the Illinois legislature offers a roadmap for economic justice.
The Washington Post: Biden Says Racial Wealth Gap Is Closing. The Reality Is Complicated.
The Washington Post,June 6, 2024, Biden Says Racial Wealth Gap Is Closing. The Reality Is Complicated. Jesse Van Tol, president and chief executive of the National Community Reinvestment Coalition, said Biden deserves credit for pressing banks to expand special purpose credit programs, which are meant to reduce racial disparities in lending. But he added that there
MarketWatch: The No. 1 Issue For Young Americans This Election? Not Student Loans, Abortion Or Guns — It’s Housing.
MarketWatch, June 5, 2024, The No. 1 Issue For Young Americans This Election? Not Student Loans, Abortion Or Guns — It’s Housing. Younger people in the U.S. are so frustrated by the real-estate market that housing affordability has become the top issue influencing their vote in this November’s election, according to a new survey. Record-high
Washington Informer: DC Agencies Among Top Beneficiaries As HUD Announces $40 Million Boost For Housing Counseling Nationwide
Washington Informer, May 16, 2024, D.C. Agencies Among Top Beneficiaries As HUD Announces $40 Million Boost For Housing Counseling Nationwide Seven D.C. agencies are set to receive a substantial boost in funding totaling nearly $7 million, aimed at expanding housing counseling services for underserved communities. Among the beneficiaries are Housing Counseling Services, Lydia’s House in
Fortune: An Obscure 47-Year-Old Law Designed To Right The Historic Wrongs Of Redlining Was The ‘Original ESG Framework,’ Execs Say. Just Look At How Crown Heights And Bed-Stuy Have Changed
Fortune, May 16, 2024, An Obscure 47-Year-Old Law Designed To Right The Historic Wrongs Of Redlining Was The ‘Original ESG Framework,’ Execs Say. Just Look At How Crown Heights And Bed-Stuy Have Changed Within the finance sector, ESG might seem like a trend that’s only really caught on in the past few years—but a lesser-known
Birmingham Times: Birmingham Business Conference Raises BAR For Community Change
Birmingham Times, May 17, 2024, Birmingham Business Conference Raises BAR For Community Change Dozens of business and community leaders gathered Thursday at the UAB Hilton Hotel on Birmingham’s Southside for Building Alabama Reinvestment (BAR) Conference’s “Banking on Change: Uncovering Opportunities in the South.” The daylong meeting centered on conversations and collaborations with speakers and panel
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Morning Star: During AAPI Month, Financial Advice For A Poorly Understood Group
Morning Star, May 16, 2024, During AAPI Month, Financial Advice For A Poorly Understood Group Income inequality is still increasing most rapidly among Asian American groups, compared to other demographics. Wealth gaps between the poorest Asian Americans and the wealthiest Asian Americans are still wider than gaps within any other racial group in the US. Vox has an
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Nonprofit Quarterly: Will New Rules For The Road Emerge For Bank Mergers?
Nonprofit Quarterly, May 8, 2024, Will New Rules For The Road Emerge For Bank Mergers? The [proposed] Capital One-Discover merger is a terrible, horrible, no good, very bad idea. Jesse Van Tol, CEO, National Community Reinvestment Coalition, conference keynote address, April 3, 2024 At NPQ, we have written from time to time about antitrust law—that is,
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The Baltimore Sun: Howard Officials Aim To Study Affordable Housing In The County
The Baltimore Sun, June 11, 2024, Howard Officials Aim To Study Affordable Housing In The County County Executive Calvin Ball recently signed an executive order establishing a 13-member Affordable Housing Working Group that will recommend goals and criteria for an affordable and accessible housing program in the county. “The establishment of the Affordable Housing Working
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The Guardian: Displaced By Climate Disasters, Ageing Americans Struggle To Find Housing
The Guardian, May 22, 2024, Displaced By Climate Disasters, Ageing Americans Struggle To Find Housing From their hillside home above Barre, Vermont, Doug and Rhoda Mason thought they were safe. It was 11 July 2023, and record rains were flooding their small city. Then, just before 5am, a landslide crashed into the Masons’ house. The mud
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The San Diego Voice & Viewpoint: HUD Announces $40 Million Boost For Housing Counseling Nationwide
The San Diego Voice & Viewpoint, May 21, 2024, HUD Announces $40 Million Boost for Housing Counseling Nationwide Ten California and seven Washington, D.C., agencies are set to receive a substantial boost in funding totaling nearly $11 million, aimed at expanding housing counseling services for underserved communities. Among the beneficiaries in California are A-1 Community Housing Services in Hayward,
North Carolina Health News: HCA Pruned Staff At Mission Hospital, Reaped Soaring Profits, Academic Study Finds
North Carolina Health News, May 2, 2024, HCA Pruned Staff At Mission Hospital, Reaped Soaring Profits, Academic Study Finds Staff cuts have driven up patient-care profits at Mission Hospital in Asheville after HCA Healthcare acquired the facility, according to a draft report by Mark Hall, director of the health law and policy program at Wake Forest University. The report tracked the hospital’s
Reuters: US Home Sales Post Second Straight Monthly Drop; House Prices Accelerate
Reuters, May 22, 2024, US Home Sales Post Second Straight Monthly Drop; House Prices Accelerate WASHINGTON, May 22 (Reuters) – U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Though the report from the National Association of Realtors on
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The Wall Street Journal: They Were Used to Five-Star Service At First Republic. Now They’re Just Regular Customers.
The Wall Street Journal, May 20, 2024, They Were Used to Five-Star Service At First Republic. Now They’re Just Regular Customers. First Republic Bank FRCB -33.33% decrease; red down pointing triangle had a knack for making customers feel special. Its new owner isn’t getting such rave reviews. Over Memorial Day weekend, all First Republic customers were moved over
Housingwire: Zillow’s New AI Tool Aims To Promote Equality In Housing
Housingwire, May 21, 2024, Zillow’s New AI Tool Aims To Promote Equality In Housing Zillow announced the release of an open-source tool, the Fair Housing Classifier, on Tuesday as part of the company’s efforts to “promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology.“ In a news release, Zillow explained that artificial intelligence (AI)
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