News Topic: Under-served populations

The OCC’s efforts to bring the technology into the financial mainstream could help people in underserved communities more securely execute payments. ... Read full article

Treasurer Ma has championed programs to give minority and women-owned businesses a seat at the table throughout her career. A mission of the Treasurer is increasing diversity to increase equitable outcomes. ... Read full article

Institutions large and small are either creating new positions or elevating existing diversity heads to C-suite roles. Will the moves help banks improve equality within their ranks and better serve their communities? ... Read full article

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. ... Read full article

From affordable housing policy to GSE conservatorship, the next president will wield a heavy influence on mortgage and housing policies. ... Read full article

He co-founded California Rural Legal Assistance, Public Advocates and the Greenlining Institute ... Read full article

Pedro Bryant will oversee a $3 million effort to fund small businesses in disadvantaged communities. ... Read full article

The coronavirus pandemic has highlighted the issue of millions of Americans lacking access to high-speed internet at their homes. Financial services firms haven't been spared from this challenge. ... Read full article

Bankers’ criticism that the expanded designation would bolster the largest credit unions is misguided. ... Read full article

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. ... Read full article

A blueprint that includes more CRA and tax credits for lower-income African Americans would help a demographic disproportionately harmed by the coronavirus pandemic. ... Read full article

The global protests in the wake of George Floyd’s death should serve as a reminder that the banking industry must do more to support minority employees and customers. ... Read full article

As part of its commitment, the Minneapolis company said it will provide $100 million in capital to African American owned and operated businesses and organizations. ... Read full article

The funds will be used to support housing, job training and aid for small businesses in communities that have been disproportionately affected by the pandemic. ... Read full article

Chairman Jerome Powell said the Federal Reserve's actions during the coronavirus outbreak have been aimed squarely at helping U.S. workers, not Wall Street or wealthier Americans. He also said Friday that a new lending program geared toward ... Read full article

If the agency hadn’t revised the 1977 law now, nothing would be done for communities in need that are struggling even more in the coronavirus pandemic, writes Faith Bautista, CEO of the National Diversity Coalition. ... Read full article

Comptroller of the Currency Joseph Otting says the revised Community Reinvestment Act will provide more credit access to communities in need and won't, as some had feared, create new thresholds for grading banks. ... Read full article

Operation HOPE Chief Executive John Hope Bryant talks about how the Community Reinvestment Act influenced him at the age of 9 and eventually led to the founding of his nonprofit, which works with banks to help communities in need. But he says the 1977 law ... Read full article