Diversity and equality

Banks stand to benefit from Supreme Court’s LGBTQ+ ruling

08/03/20

Bank leaders should embrace the decision in their efforts to guard against reputational and workplace risks.

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U.S. Bancorp elevates role of chief diversity officer

07/29/20

Highlighting its commitment to hiring and promoting more minorities, the company has promoted Greg Cunningham to senior vice president and appointed him to CEO Andy Cecere’s leadership team.

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Brokered deposits help banks help their communities

07/22/20

Peoples Bank in Arkansas once used brokered deposits to fund more loans to underserved borrowers. It could do so again if Congress loosens restrictions, says CEO Mary Fowler.

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Trump’s attempt to weaken fair housing rules is beyond tone deaf

07/20/20

The White House's efforts to loosen equality requirements in lending run counter to the widespread demand for racial justice. Congress must act.

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Wells takes back chunk of bad loans, CFPB probes Quicken unit, Truist’s cost-cutting: Top stories of the week

07/17/20

Wells Fargo buys $14B of delinquent mortgages tied to pandemic; CFPB launches investigation of Quicken Loans real estate affiliate Rocket Homes Real Estate; Truist accelerates cost-cutting plans; and more from this week’s most-read stories.

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CFPB slaps Chicago mortgage lender with redlining lawsuit

07/15/20

The consumer agency alleges Townstone Financial's CEO and president made statements on a radio show discouraging applicants living in Black neighborhoods from seeking home loans.

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How banks aim to close racial wealth gap: More minorities in leadership

07/12/20

The pressure is on for banks to help Black and Hispanic households build net worth. Many say that starts with diversifying the ranks of middle and upper management.

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Fintech shakeout, Main Street loan quandary, PNC diversifies leadership: Top stories of the week

07/11/20

New president of Promontory Interfinancial Network says recession will cause "hundreds" of nonbank disruptors to fail; lenders face dilemma over offering Main Street loans to noncustomers; PNC Financial expands, diversifies executive leadership team; and more from this week’s most-read stories.

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PNC Financial expands, diversifies executive leadership team

07/07/20

Less than three weeks after making a $1.05 billion pledge to fight racism, the Pittsburgh company promoted two Black bankers to its top-level management committee.

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RBC aims for 30% minority executives, sets targets for new hires

07/07/20

Royal Bank of Canada says it is raising internal targets for the number of racial minorities in executive roles to improve diversity in its leadership ranks.

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