by Leila Salim | Jan 20, 2023 | Economics, National, News
By Pam Martens and Russ Martens for Wall Street On Parade | January 19, 2023 On Tuesday, Jerome Powell’s Federal Reserve once again thumbed its nose at President Biden’s antitrust directive regarding the creation of more mega banks through merger. This time...
by Leila Salim | Jan 13, 2023 | National, News
By Michael Finnegan for Los Angeles Times | January 12, 2023 City National Bank has agreed to pay $31 million to settle a U.S. Justice Department lawsuit alleging racial bias in its home mortgage lending in Los Angeles County. The government’s complaint,...
by Leila Salim | Dec 30, 2022 | Economics, National, News
By Tony Pipa, senior fellow at the Center for Sustainable Development at the Brookings Institution. Opinion in New York Times | December 27, 2022 (Emphasis by AFLEP) In what has become a postelection tradition, there has been no shortage of analysis the past several...
by Leila Salim | Dec 28, 2022 | National, News
By Paul Solman & Diane Lincoln Estes, PBS News Hour | December 26, 2022 It’s not well known, but about 4.5% of U.S. households are unbanked, meaning no one in the house has a checking or savings account. The rate declined during the pandemic because...
by Leila Salim | Dec 12, 2022 | National, News
By OSCAR PERRY ABELLO at NEXT CITY Earlier this year, Crystal Ortiz started walking up and down Kensington Avenue looking for a proper storefront she could rent out for her growing business. When she found it right down the street, she was delighted that she didn’t...
by Leila Salim | Oct 3, 2022 | National, News, Public Banking
by Claire Carlson, The Daily Yonder September 23, 2022 This article first appeared on The Daily Yonder and is republished here under a Creative Commons license. A public bank is a financial institution that is managed by the government in the public interest, which is...