As 2023 begins, a key anti-financial discrimination initiative is expanding million-dollar penalties and the kinds of businesses found to violate fair lending laws. The Combatting Redlining Initiative that since 2021 […]
Tag: Charlene Crowell
Posted inNational
COVID-19’s targeted federal aid led to more Black and Latino homeowners
In a year fraught with financial challenges, going home for the holidays will have heightened significance this year for many Black and Latino families. New research findings reveal that between […]
Posted inOpinion
Business, bank groups sue to stop CFPB’s fight against financial discrimination
On September 28, two of the nation’s largest and most influential business groups filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) and its director, Rohit Chopra. The action […]
Posted inBusiness, National
Financial fairness at risk with TD Bank-First Horizon merger
As banks grow larger through mergers and focus on growing online and mobile services, serious concerns emerge on how fair and how accessible banking will be to traditionally underserved Black […]
Posted inNational
Record inflation shrinks housing affordability, worsens racial wealth gaps
This summer, temperatures are not the only thing rising above normal. The U.S. Bureau of Labor Statistics reported that the nation’s consumer price index (CPI) at the end of May […]
Posted inBusiness, Business-OW, Education, National
Despite years of payments, student loan balances go up – not down
With every passing day, urgency grows to cancel the nation’s $1.7 trillion student loan debt. The current federal pause on payments and interest rates will expire on August 31. If […]
Posted inNews
Costly auto repairs driving consumers into a financial ditch
New research reveals how costly car repairs are now ballooning into a new form of predatory lending. And just like other forms of financial exploitation, consumers are feeling duped and […]
Posted inBusiness, National
So-called ‘free credit’ offers come with costly catches
Buy Now Pay Later (BNPL) plans increasingly are being offered as a convenient credit alternative that enables purchases to be made in installments, typically four payments over six weeks. The […]
Posted inNational, News
Black America deserves its fair share of the American Dream
Regardless of locale, profession, or income, every family needs and deserves a home. But for many—especially Black Americans and other people of color—finding and maintaining affordable housing is increasingly difficult. […]
Posted inOpinion, Opinion-OW
Landmark $1.85 billion in relief for federal and private loan borrowers
A broad coalition of state attorneys general (AGs) recently secured student loan debt cancellation and restitution against Navient, the nation’s largest student loan servicer. Pending federal court approval of the […]
