Two years after the 2008 financial crisis, a government commission began releasing their findings on the causes of the worst economic downturn in nearly a century. In 19 public hearings and through 663 pages of text, the investigators faulted an array of players, including financial institutions and multiple presidential administrations.
This Agency Could Push Banks To Fight Inequality—and Biden Has To Decide Who Should Run It
Hannah Levintova, Mother Jones
Fri, 02/19/2021 - 4:01am
Topics: office comptroller currency a the occ s the occ rebecca borné lending lauren national consumer law university michigan clinton mehrsa baradaran california irvine—both barr declined al pina national minority community reinvestment cooperative biden multiple jones wall street journal volcker rule—part bloomberg described sheila bair federal deposit insurance corporation mentions congress ripple securities exchange commission lawsuit this consumer financial protection bureau—the sen elizabeth warren jesse van tol ceo national community reinvestment coalition republicans cfpb treasury department s community development financial institution baradaran s americans reps ayanna pressley d-mass jamaal bowman d-n.y black community reinvestment act erin lockwood uc irvine a occ a democrats the the center the saunders barr obama baradaran washington wall street progressive dodd-frank volcker progressives barr s fintech warren van tol baradaran s trump lockwood agency push banks fight run racial crisis role regulation institutions communities economic banking administration inclusion represent record power investing approach equity including regulators good years advancing system work regulations inequality wealth major key state gap stopping government scholarship digital advised sector friendly enthusiasm uniquely industry firms hit point nomination book bad lenders chance story regulator left top battle discrimination positioned aimed month systemic racism foremost harm advocates year administrations big mitigate opposed criticism called positively focus country fell serving linked professor supporters
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