https://chieforganizer.org/wp-content/uploads/2020/02/CN02172020.mp3Podcast: Play in new window | DownloadSubscribe: Apple PodcastsNew Orleans With the Office of the Comptroller of the Currency leading the way to gut the Community Reinvestment Act along with some other federal regulators, the last thing we should be doing is having to remind everyone, including the government and its legions of politicians, about …
Tag: Community Reinvestment Act (CRA)
City National Bank Shows Why Some CRA Proposals are Wrong
https://chieforganizer.org/wp-content/uploads/2020/01/CN01092020.mp3Podcast: Play in new window | DownloadSubscribe: Apple PodcastsNew Orleans There’s a big split within the federal banking establishment about what to do about revisions to the 1977 Community Reinvestment Act. This is not your run of the mill, chest thumping, and elbow pushing in Washington over turf and regulatory jurisdiction. It’s actually very …
Bank Redlining Increasing and Wealth Plummeting in Minority Communities
New Orleans The Federal Reserve report on the continued decrease in lending to African-American and Hispanic families is unambiguous. In 2013, 4.8% of total home loans were to African-Americans, 7.3% were to Hispanics. In 2012, the numbers were only marginally better at 5.1% and 7.2% respectively. As recently as 2006, before the real estate meltdown …