City National Bank Shows Why Some CRA Proposals are Wrong

Citizen Wealth Financial Justice

New 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 important, particularly to low-and-moderate income families and their …

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Process of Gutting the Community Reinvestment Act Gains Steam

Citizen Wealth Financial Justice Ideas and Issues

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 …

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Sketchy Financing for Apartments and Private Markets Seems Like Deja Vu

Citizen Wealth DC Politics Financial Justice

Sonoma     Ten years on from the Great Recession of 2008, you wonder what we learned from that crisis, and who really learned it.  I mean really learned it! Here’s a couple of scary examples that I’ll share in the “misery loves company” vein: In the “who’s on first, what’s on second” vein, get this.  The …

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