Celebrating 46 Years of the Community Reinvestment Act
October 12, 2023 by Brian Maxey
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On this day in 2011, the Consumer Financial Protection Bureau (CFPB) was founded. And for 12 years, the Bureau has been committed to fighting for financial protection, equity and billions in relief for Black, Indigenous and People of Color (BIPOC) and Low-to-Moderate Income (LMI) communities. In 12 years, the…
Continue Reading →“As recent bank failures expose bank management and regulatory failures, we would do well to revisit the lessons of Glass Steagall.” By Kevin Stein, Chief of Legal and Strategy JPMorgan Chase acquires First Republic Bank First Republic Bank became the third bank to fail in the last few…
Continue Reading →California Governor Gavin Newsom recently announced a historic $100 billion budget surplus and signed a $300 billion budget into law. At the same time, researchers published a detailed report on the widening racial wealth gap in the U.S., highlighting how wealth concentration and “the recent role of capital gains,”…
Continue Reading →Don’t be fooled by the hollow statements of the past few weeks. In the days after the Jan. 6 violent attempted coup on the nation’s Capitol, Wall Street’s calls to “end the violence” and its oblivious and cliched claim that our country is somehow “better than this” rang even…
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