Current：Home > reviewsWhy banks are fighting changes to an anti-redlining program -WealthFlow Academy
Why banks are fighting changes to an anti-redlining program
View
Date：2025-04-18 10:27:49
In 2023, The Federal Reserve and other banking regulators announced they were making changes to how they grade banks on servicing local communities. This all stems from a 1977 law called the Community Reinvestment Act, which was designed to encourage banks to better meet the needs of moderate and low-income borrowers. However, major banking trade groups weren't too excited about the new rules and filed a lawsuit against the banking regulators last week.
Today on the show, we explain the history of racist housing policies in the United States and how that history informs the banks' fight with the government today.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood！ (8)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Chipotle and Sweetgreen's short-lived beef over a chicken burrito bowl gets resolved
- Biden bets big on bringing factories back to America, building on some Trump ideas
- Pink's Reaction to a Fan Giving Her a Large Wheel of Cheese Is the Grate-est
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- In San Francisco’s Most Polluted Neighborhood, the Polluters Operate Without Proper Permits, Reports Say
- Where did the workers go? Construction jobs are plentiful, but workers are scarce
- Miranda Sings YouTuber Colleen Ballinger Breaks Silence on Grooming Allegations With Ukulele Song
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- See Bre Tiesi’s Shoutout to “Daddy” Nick Cannon on Their Son Legendary Love’s First Birthday
Ranking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Maya Millete's family, friends continue the search for missing mom: I want her to be found
- In San Francisco’s Most Polluted Neighborhood, the Polluters Operate Without Proper Permits, Reports Say
- Prince Harry and Meghan Markle Officially Move Out of Frogmore Cottage
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Behati Prinsloo Shares Glimpse Inside Family Trip to Paris With Adam Levine and Their 3 Kids
- The U.S. Military Emits More Carbon Dioxide Into the Atmosphere Than Entire Countries Like Denmark or Portugal
- Venezuela sees some perks of renewed ties with Colombia after years of disputes
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
Full transcript of Face the Nation, July 23, 2023
Across the Boreal Forest, Scientists Are Tracking Warming’s Toll
A Climate-Driven Decline of Tiny Dryland Lichens Could Have Big Global Impacts
What do we know about the mysterious drones reported flying over New Jersey?
The inverted yield curve is screaming RECESSION
Women are earning more money. But they're still picking up a heavier load at home
Texas A&M Shut Down a Major Climate Change Modeling Center in February After a ‘Default’ by Its Chinese Partner