Race discrimination

Banks, consumers groups to CFPB: Don’t rush overhaul of redlining law


The agency sought feedback on potential changes to the Equal Credit Opportunity Act. But a coalition of industry and advocacy groups want a longer comment period to afford “a greater opportunity for thoughtful public participation.”


Democrats' bill would require Fed to focus on income, racial inequality


The Federal Reserve Racial and Economic Equity Act would direct the Fed to consider racial inequality in employment, income and access to affordable credit when making monetary policy and in its regulation and supervision of banks.


How the pandemic redefined Truist's philanthropic priorities


The company's foundation, whose mission had been carefully planned by BB&T and SunTrust before their merger, opened just nine days before the novel coronavirus was declared a pandemic. Here’s what happened next.


Trump rolls back fair housing rule with executive order


The Trump administration's executive order to terminate and replace federal enforcement of anti-discrimination policies at the local level, citing the burden it put on municipalities, enraged advocates of equitable housing practices.


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


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


CFPB slaps Chicago mortgage lender with redlining lawsuit


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.


Consumer advocate Robert Gnaizda dies at 83


He co-founded California Rural Legal Assistance, Public Advocates and the Greenlining Institute


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


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.


A purpose-driven CD and other ideas for advancing economic justice and diversity


Funds from a certificate of deposit at Berkshire Bank will help fuel lending to minority-owned small businesses. Mellody Hobson explains why merely ‘working on diversity’ is not good enough. And Wells Fargo ties compensation to progress on diversity targets.


The civil rights issue of our generation


As the U.S. celebrates Juneteenth, it's imperative that credit unions find ways to ensure all Americans have access to the banking services necessary to thrive.