New Orleans An observation decades ago always stuck with me. It was a comparison of Americans and people who live elsewhere. The point made by the author, whose name fittingly has long ago left me, is that we have too much information at hand and too little ability to process it. Ironically, that was then, …
Tag: CRA
The Return of Lending Discrimination by Banks
New Orleans Finally there is some small notice of the fact that banks are abandoning the poor and their neighborhoods. A report from the FDIC (Federal Deposit Insurance Corporation) found that almost 1000 net branches had been lost in 2010. Certainly not surprising to anyone is that the loss has been much higher in lower …
Modernize the CRA
New Orleans US Congresswoman Eddie Bernice Johnson (D-TX) the great community and people’s advocate from Dallas has the right idea and is building support for her bill to bring the 33 year old Community Reinvestment Act (CRA) up to snuff so that it can work for the 21st century as effectively as it did when …