Race discrimination

Senators alarmed by study linking loan rates to college choice

02/13/20

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.

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HUD should scrap its new fair housing plan

01/17/20

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

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

01/10/20

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.

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HUD proposes easing Obama-era fair housing rule

01/07/20

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.

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Bank boards need more women of color

12/31/19

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

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

12/20/19

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.

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

12/18/19

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

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Where have all the CFPB fair-lending cases gone?

12/16/19

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.

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

12/12/19

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

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

12/11/19

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.

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