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    By Charlene Crowell   As the COVID19 pandemic continues to unfold with surging confirmed cases and ever-rising deaths, the Department of Labor announced on April 16 that more than 22 million consumers filed new unemployment claims since late March. For these and other Americans, the federal government’s one-time financial stimulus is intended to lessen the ...
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    By Charlene Crowell Amid the tinsel and garland celebrating the holiday season, two important federal financial regulators are planning how the future financial needs of low-and-moderate income (LMI) communities – including neighborhoods of color – will be met.  In an effort to “modernize” the 1977 Community Reinvestment Act (CRA) on December 12 the board of ...
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    By Charlene Crowell For more than 40 years, the Community Reinvestment Act (CRA) has served as a mechanism for the federal government to hold banks and other depository institutions accountable for meeting the credit needs of low and moderate income (LMI) neighborhoods. Enacted in 1977, the CRA has the power to influence applications for bank mergers, charters, ...
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    By Charlene Crowell One of the most reliable measures of a community’s economic vitality is convenient access to full-service banking. Regardless of whether a community is urban, suburban or rural, both consumers and local businesses rely on brick and mortar bank branches for a wide array of products and services. New research that measures how ...