by Angela Merkert, Executive Director, AFLEP — With the challenges in the financial system—banks closing, fintech gaining market space, interest rates rising—lending for small businesses is decreasing. One recent business article reported that the U.S. loan approval...
Wells Fargo Rejected Half Its Black Applicants in Mortgage Refinancing Boom
(Above) Mauise Ricard III’s four-bedroom colonial in a suburb of Atlanta. Photographer: Aboubacar Kante/Bloomberg Bloomberg, By Shawn Donnan, Ann Choi, Hannah Levitt and Christopher Cannon | March 10, 2022 Fewer than half of Black applicants were approved by the...
Housing Briefs: Wells Fargo Denied Most Refinance Apps for Black Homeowners
(Photo by Mike Mozart/ CC by 2.0) Also, formerly redlined neighborhoods are hotter, and New Yorkers experiencing homelessness fear for their safety NEXT CITY, by Roshan Abraham, March 17, 2022 Wells Fargo Denied More Than Half of Refinancing Applications From...
Bank of Washington? States consider opening government banks
The Seattle Times, By Elaine S. Povich | stateline.org December 19, 2021 Unlike commercial banks, the mission of public banks would be to invest in public priorities such as affordable housing, small business loans or infrastructure projects. Most could offer...
How US community banks became ‘irreplaceable’ in the pandemic
It’s a Wonderful Life, in which the local banker George Bailey (played by James Stewart, left) is the hero © AA Film Archive By Brendan Greeley, Financial Times | August 28, 2021 Darryl Jorgenson steps into his cherry-red Ford pick-up truck and apologises for...



