House Democrats vote to reverse CRA rule


While the resolution sends a message of disapproval of the OCC’s reform of the anti-redlining law, the Republican-controlled Senate is not expected to consider the measure.


Banks should offer their own form of reparations


As governments explore whether to compensate African Americans for centuries of racism, financial institutions need to do their part to redress victims of persistent redlining.


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.


Big banks outlast city of Miami in long legal battle


The city's decision to drop a lawsuit alleging predatory ending by Wells Fargo, JPMorgan Chase, Bank of America and Citigroup highlights the challenges municipalities face in taking on deep-pocketed financial institutions.


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.


Wells Fargo, Philadelphia reach settlement in redlining lawsuit


Without admitting wrongdoing, the bank has agreed to contribute $10 million to city programs promoting home ownership for low- and moderate-income residents.


Bankers give NCUA an earful over revamped membership proposal


More than 50 banks and banking groups responded to the National Credit Union Administration's call for public comment as it attempts to explain why a new field of membership provision won't permit redlining.


Four big questions as CRA proposal nears official release


The banking industry could finally have answers soon on the degree of agreement between regulators reforming the Community Reinvestment Act, how they envision CRA zones of the future and other key matters.


House Dems call on HUD to rescind changes to disparate impact standard


House Democrats described the disparate impact standard as "the most important tool" for enforcing the Fair Housing Act.


Credit union regulator moves to quiet redlining fears


The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.