Race discrimination

Senators alarmed by study linking loan rates to college choice


Elizabeth Warren, Sherrod Brown and three other Democrats asked nonbank lenders to ensure they comply with fair lending laws following a report suggesting they charge higher rates to those who have attended historically black or predominantly Hispanic colleges.


HUD should scrap its new fair housing plan


The agency issued a fair housing proposal last month that would perpetuate segregation and make it harder to detect discrimination.


GOP lawmaker's bill would repeal small-business loan rules


New legislation in Congress seeks to do away with a data-collection mandate that addressed discrimination in business lending. The repeal measure has the support of two bank industry groups based in Washington.


HUD proposes easing Obama-era fair housing rule


The Department of Housing and Urban Development has proposed an overhaul of an Obama-era rule meant to guide local jurisdictions in how they comply with the Fair Housing Act.


Bank boards need more women of color


Financial institutions should fully disclose their board composition to begin tackling diversity problems at the top.


Goldman in settlement talks with DOJ; Congress members ask JPM about equality


The bank could pay about $2 billion to close the 1MDB case in the U.S.; in letters lawmakers ask Dimon about policies to combat racism.


Warren, Brown call on GAO to investigate CFPB's fair lending oversight


The two Democrats sent a letter “raising grave concerns about whether the bureau is fulfilling its statutory obligations.”


Where have all the CFPB fair-lending cases gone?


Despite assurances by Director Kathy Kraninger that the agency is cracking down on discrimination, the agency has not filed an enforcement action or sent a Department of Justice referral on a fair-lending violation in two years.


BofA adds to holiday cheer; AI could be a savings tool


The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings.


Good quarter for banks?; HSBC settles U.S. tax evasion case


JPM’s CFO says trading, investment banking revenue better than expected; the bank will pay $192 million to settle charges it helped customers hide assets.