While overall banks fell short of non-banks in lending to minority applicants or in LMI neighborhoods, the banks in the top 25 performed about as well as the top non-bank lenders. But even among the top banks, lending to LMI borrowers fell far behind the top non-banks.
2018 HMDA overview: Banks fell further behind, non-banks dominated home lending Read More »
The bill rolls back parts of the Dodd-Frank banking rules and valuable fair lending protections enacted after the 2008 financial crisis
The U.S. House votes to hide evidence of discrimination and risk in banking Read More »
Will the Trump Administration dismantle our best protection against another financial crisis?
The New Yorker: The dangers of undoing Dodd-Frank Read More »
Fair-lending enforcement would not happen in earnest until years after the Fair Housing Act, not until the Community Reinvestment Act of 1977 required financial institutions go on record about what they considered their market area. The law intentionally created a conundrum for any institution that was redlining: How could it accept deposits from customers to whom it was unwilling to lend?
CityLab: How the Fair Housing Act failed black homeowners Read More »
Bank regulators have not even proposed a plan yet for overhauling the Community Reinvestment Act, but stakeholders likely to weigh in on the plan are already establishing battle lines.
American Banker: No shortage of ideas on CRA overhaul as official plan remains mystery Read More »
Memories of those difficult days seem to have faded from the public consciousness, as have the lessons we learned on how we got there in the first place.
CNNMoney: 10 years after the financial crisis, have we learned anything? Read More »
This week, the U.S. Senate marked the anniversary of the Great Recession by pretending it never happened. Instead, it passed a hurtful plan to roll back consumer protections, including bank data reporting requirements put in place to prevent another financial collapse.
How to mark the 10-year anniversary of the Great Recession? Read More »
After the Senate passed its Dodd-Frank reform bill Wednesday night, sending it to the House to be voted on, experts began to voice their opinions of the bill – but no one agrees.
A delicately crafted deal, which makes targeted reforms of Dodd-Frank but leaves the law’s basic frameworks in place, may not be enough to satisfy GOP members in the House.
American Banker: Think reg relief was hard to pass in Senate? Wait for House Read More »
The Senate on Wednesday passed sweeping changes to a swath of rules adopted in the wake of the 2008 financial crisis.
CNN: Senate votes to roll back parts of Dodd-Frank banking law Read More »
As it heads to the House, the Senate deal still faces a somewhat uncertain path, and larger questions on the size of banks’ regulatory burden remain.
American Banker: 5 questions as reg relief moves closer to becoming law Read More »
Hensarling has called for the Senate to include in its legislation some of the more than two dozen bills his committee passed with bipartisan support.
The Hill: Hensarling says he’s not holding talks on Senate banking bill Read More »
Democrats are teaming with Republicans to rollback Dodd-Frank regulations.
The Intercept: Revenge of the stadium banks Read More »
If passed, it would be the most substantial weakening of the regulations put in place by the 2010 Dodd-Frank law that strengthened financial regulations.
Aaron Klein looks at what is to like and not like in a bipartisan bill to amend Dodd-Frank.
Brookings: Bipartisanship in banking is back Read More »
