Dauphine Island Despite the federal investments in banking now, many of the biggest seem to be accelerating predatory practices particularly around fees. During normal times working families stretching every penny to pay bills will occasionally bounce a check. Who hasn’t? Banks seem to in fact count on us bouncing some checks in order to balance …
Month: August 2009
Act Now to Really Enforce The CRA
Dauphine Island The Community Reinvestment Act (CRA) passed in 1977 occupies a lot of space in my book, Citizen Wealth, because it is both arguably the single largest legislative victory achieved by community organizations over the last generation and because it has helped millions purchase homes, one of the most dramatic creators of citizen wealth …
Suburban Affordable Housing Breakthrough
Dauphine Island Westchester County, the affluent suburb outside of New York City, finally had to concede the obvious and admit that they had had not only allowed, but done nothing to prevent the creation of lily white communities throughout the County, and this amounts to racial segregation. They agreed to settle a lawsuit filed by …