Little Rock A headline in the Wall Street Journal marked another salvo in the vicious war that the Republicans and the Trump administration has launched on low-and-moderate income and minority families across the country. This time it was not transferring tax subsidies to the rich or attempting to eviscerate their healthcare and kill them. This …
Tag: HMDA
Housing Discrimination is Back! Did it Ever Leave?
New Orleans The Community Reinvestment Act (CRA) was passed in 1978 banning racial discrimination in lending. The Home Mortgage Disclosure Act (HMDA) was passed as well, forcing banks to supply the data on where they approved mortgages and the racial and ethnic information on the borrowers. Reporting and enforcement is under the jurisdiction of the Federal …
RushCard and United Kingdom Lending to Lower Income Families
London The Community Reinvestment Act (CRA) in the USA is pushing 40 years old, and even in its relatively weakened state, there is no question that joined with the Home Mortgage Disclosure Act (HMDA) it has been for most of its history a huge tool for opening increased financial opportunity to lower income families and …