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Hurricane Watch 2009
Presented as a Public Service by:
 National Community Reinvestment Coalition
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Economic Fairness & Social Justice
Citigroup Increases Contributions to New 'CauseWorld' Application from shopkick, Inc.
  March 11, 2010 By: CITI New York – Citigroup announced today that it will expand its support of shopkick, Inc.'s successful CauseWorld application by providing an additional $350,000 in financial support for CauseWorld causes. Citi's total contribution now stands at $700,000. About half has already been given to the causes...
The Subprime Lending Business Survives, Even Thrives
March 11, 2010
By: Time
Poor credit? It's still no problem for some lenders. The financial crisis was supposed to ring the death knell for companies that make loans to people who have had problems with debt. But a year and a half later, so-called subprime lending is alive and well. What's more, fears that increased regulat...
Foreclosures leveling off
 March 11, 2010 By: CNN Money The national foreclosure rate fell 2% in February from a month earlier, according to an industry report released Thursday, the latest sign that the pace of foreclosures is slowing. In January, the foreclosure rate had fallen 10% from December, according to RealtyTrac. And though foreclosures were up...
Analyst bashes AG Cuomo on CNBC
March 10, 2010
By: LegalNewsline.com
NEW YORK (Legal Newsline) - Criticism of New York Attorney General Andrew Cuomo has hit the television airwaves, with a banking analyst calling him the "father of the subprime crisis." Dick Bove's opinion of Cuomo's time as secretary of the Department of Housing and Urban Development joined those...
A Consumer Bill Gives Exemption on Payday Loans
 March 10, 2010 By: NY Times Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a provision from draft legislation that would have empowered federal authorities to crack down on payday lenders, people involved in the talks said. The ...
The stimulus and its impact on Black housing
 March 10, 2010 By: The Final Call Equity rich but cash poor Black households hardest hit by the crippling subprime lending scheme have benefitted less than predatory financial institutions from stimulus dollars meant to help them recover, fair lending advocates and loan modification analysts say
STIMULUS WATCH: Less stimulus for minority firms
March 8, 2010
By: AP
WASHINGTON — Hispanic and black businesses are receiving a disproportionately small number of federal stimulus contracts, creating a rising chorus of demands for the Obama administration to be more inclusive and more closely track who receives government-financed work.
Program Will Pay Homeowners to Sell at a Loss
 March 8, 2010 By: NY Times In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. This latest program, which will allow owners to sell for less than they owe and will give them a little cash t...
45 years after Selma civil rights march, some see ways to go
 March 8, 2010 By: USA Today SELMA — Robert Powell and Maria Gitin had not seen each other in 45 years until Sunday, more than four decades after they rode a donkey together through rural Wilcox County to register voters.
No economic recovery without economic justice
March 6, 2010
By: St. Louis American
Although the latest labor reports indicate that the unemployment figures are slowly beginning to trend below the perilous 10 percent mark, the consequences of prolonged joblessness have left negative impact among almost every strata of the labor force in the United States. Unfortunately, low-income ... |
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