Greenville Sometimes you wonder why former Goldman Sachs and banking executives flock to political jobs like running the Treasury Department or the Office of the Comptroller of the Currency, but then you realize the facts. It’s about score-settling or figuring out how they and their buddies can make more money in banking now and in …
Tag: CRA
Process of Gutting the Community Reinvestment Act Gains Steam
Little Rock Any time the head of the American Bankers Association says that it’s a good thing that any part of the government is looking at rewriting and revising the 1977 Community Reinvestment Act, known popularly as the CRA, it’s very bad news for lower-income and racially diverse communities. Sad, but true, that’s exactly the …
Discrimination is Running Rampant in Bank Lending
New Orleans One of the toughest questions I got on my road tour of six countries was essentially, “how does it feel to have to keep fighting to hold on to every victory against constant opposition,” or in other words how do we do the work when every victory involves constant struggle. My answer, most …