In new guidance, regulators said that undocumented immigrants may present an “elevated credit risk” and warned banks to account for the risk that they may lose their job or be deported as they underwrite new loans...
Showing posts with label lending. Show all posts
Showing posts with label lending. Show all posts
Tuesday, July 14, 2026
Monday, January 19, 2026
Trump says he’ll sue JPMorgan Chase for allegedly cutting him off after US Capitol riot
Donald Trump threatened to sue JPMorgan Chase on Saturday, citing an unsubstantiated allegation that major banks discriminated against him after the 6 January 2021 Capitol riot...
https://www.theguardian.com/us-news/2026/jan/17/trump-jp-morgan-chase
Thursday, March 20, 2025
Trump's order to cut main street lending program earns GOP rebuke - POLITICO
Republican lawmakers are expressing apprehension over a plan by the Trump administration to gut federal spending on a program some have called a "lifeline" for small businesses in districts and states they represent...
Wednesday, March 19, 2025
White House targets small banks serving poor neighborhoods often in GOP states - The Washington Post
Community lenders fear cuts to a federal program that's designed to boost lending in poor areas...
Wednesday, December 25, 2024
Why is the CFPB under attack by Elon Musk?
So it is especially surprising that one of the first federal agencies to come under scrutiny from the incoming administration is one that has returned billions of dollars to many of the same consumers who were counting on leaders in Washington to look out for their wallets…
Monday, February 13, 2023
Opinion | A Huge, Uncharted Experiment on the U.S. Economy Is About to Begin - The New York Times
Some kind of climate boom is now all but assured. The investment bank Credit Suisse predicted last year that the I.R.A. would put more than $800 billion into the economy by the end of the decade, galvanizing more than $1.7 trillion in climate-friendly public and private spending overall. The law will transform the United States into the "world's leading energy provider," the bank said. The American renewable industry alone could attract 78 percent more investment per year by 2031, according to the energy-research firm Wood Mackenzie...
Wednesday, January 6, 2021
Seven states sue regulator over 'true lender' rule on interest rates | TheHill
In a complaint filed Tuesday, seven Democratic attorneys general asked the U.S. District Court-Southern District of New York to deem the OCC’s “true lender” rule illegal, echoing concerns voiced by fair lending advocates and some state regulators.....
https://thehill.com/policy/finance/532759-seven-states-sue-regulator-over-true-lender-rule-on-interest-rates![]()
Saturday, January 2, 2021
Five flashpoints to watch for in 2021 economy | TheHill
... Experts estimate that tens of millions of households could face eviction or foreclosure when those protections expire, and the inability to pay rent due in 2020 could cost millions more their homes...
https://thehill.com/policy/finance/531134-five-flashpoints-to-watch-for-in-2021-economy
https://thehill.com/policy/finance/531134-five-flashpoints-to-watch-for-in-2021-economy
Sunday, December 20, 2020
Stimulus deal negotiations on Saturday face government shutdown deadline - The Washington Post
...The Toomey proposal would amount to one of the most significant intrusions into the central bank's autonomy in years. Former Federal Reserve chair Ben S. Bernake weighed in on the dispute in an unusual public statement on Saturday, saying that the central bank's emergency lending authorities should be at a minimum as robust as they were before passage of the Cares Act in March. Bernake said that it was "vital" that the central bank's ability to "respond promptly to damaging disruptions in credit markets not be circumscribed."...
Saturday, December 19, 2020
Last-Minute GOP Push to End Emergency Lending Programs Condemned as Effort to 'Sabotage the Economy,' Undermine Biden | Common Dreams News
"Senate Republicans are threatening to blow up an agreement to provide basic relief to Americans now if they can't cripple the ability of Biden administration and the Fed to offer more help next year."....
Monday, October 21, 2019
Sharia law is already here — the IRS must respond - The Hill
Despite the toxic view many Americans hold toward Sharia law, the principles of Sharia are followed in financial transactions every day.....
https://thehill.com/opinion/finance/466461-sharia-law-is-already-here-the-irs-must-respond
https://thehill.com/opinion/finance/466461-sharia-law-is-already-here-the-irs-must-respond
Wednesday, July 3, 2019
How healthy is the U.S. economy? Here’s what 7 key indicators reveal. - The Washington Post
The U.S. economy is in an odd place. Jobs are plentiful and the stock market is at record levels, but businesses leaders are worried enough about the future to pull back on spending.....
https://www.washingtonpost.com/business/2019/06/28/how-healthy-is-us-economy-heres-what-key-indicators-reveal/
https://www.washingtonpost.com/business/2019/06/28/how-healthy-is-us-economy-heres-what-key-indicators-reveal/
Friday, April 26, 2019
Trump’s Week Goes from Bad to Screaming into a Bag of Big Macs - Vanity Fair
Deutsche Bank is telling prosecutors everything it knows about the president's financial web of lies....
https://www.vanityfair.com/news/2019/04/deutsche-bank-trump-new-york-attorney-general
https://www.vanityfair.com/news/2019/04/deutsche-bank-trump-new-york-attorney-general
Wednesday, April 10, 2019
How regulators, Republicans and big banks fought for a big increase in lucrative but risky corporate loans - The Washington Post
Actions by federal regulators and Republicans in Congress over the past two years have paved the way for banks and other financial companies to issue more than $1 trillion in risky corporate loans, sparking fears that Washington and Wall Street are repeating the mistakes made before the financial crisis.....
https://www.washingtonpost.com/business/economy/how-regulators-republicans-and-big-banks-fought-for-a-big-increase-in-lucrative-but-risky-corporate-loans/2019/04/06/08c8cd58-4b1e-11e9-b79a-961983b7e0cd_story.html
https://www.washingtonpost.com/business/economy/how-regulators-republicans-and-big-banks-fought-for-a-big-increase-in-lucrative-but-risky-corporate-loans/2019/04/06/08c8cd58-4b1e-11e9-b79a-961983b7e0cd_story.html
Thursday, April 19, 2018
Senate Votes to Make American Auto-Lending Racist Again - New York Magazine
The GOP found a way to repeal regulations with 51 Senate votes. First up, weakening protections against discrimination in car loans. ...
http://nymag.com/daily/intelligencer/2018/04/senate-votes-to-make-american-auto-lending-racist-again.html
http://nymag.com/daily/intelligencer/2018/04/senate-votes-to-make-american-auto-lending-racist-again.html
Friday, February 2, 2018
The Trump Administration Just Made Life Easier for Racist Lenders -- New York Magazine
Mick Mulvaney has taken enforcement authority away from the federal office that specializes in punishing discriminatory financial firms. ....
http://nymag.com/daily/intelligencer/2018/02/the-white-house-just-made-life-easier-for-racist-lenders.html
http://nymag.com/daily/intelligencer/2018/02/the-white-house-just-made-life-easier-for-racist-lenders.html
Friday, February 17, 2017
Government will investigate Treasury Secretary’s bank for alleged redlining
OneWest allegedly steered clear of people of color under Steve Mnuchin’s watch....
https://thinkprogress.org/mnuchin-onewest-hud-redlining-662a836155ea#.30ns0vp3y
https://thinkprogress.org/mnuchin-onewest-hud-redlining-662a836155ea#.30ns0vp3y
Saturday, February 11, 2017
Here's the Latest Crack in the Trump Economy (FORTUNE)
Perhaps Donald Trump didn't unleash the animal spirits of the economy after all.
Shortly after the election, many commentators suggested that Trump's win, and his promise to cut regulation and his promise to cut regulation and taxes, seemed to give the economy a psychological boost. Indeed last month, members of the Federal Reserve noted that measures of consumer confidence and business activity appeared to have improved.
But those animal spirits, as economists call such signs of optimism, are strikingly absent in a pretty good predictor of future economic activity: lending....
http://fortune.com/2017/02/08/donald-trump-economy-crack/
Shortly after the election, many commentators suggested that Trump's win, and his promise to cut regulation and his promise to cut regulation and taxes, seemed to give the economy a psychological boost. Indeed last month, members of the Federal Reserve noted that measures of consumer confidence and business activity appeared to have improved.
But those animal spirits, as economists call such signs of optimism, are strikingly absent in a pretty good predictor of future economic activity: lending....
http://fortune.com/2017/02/08/donald-trump-economy-crack/
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