Noice Logo

Why banks are fighting changes to an anti-redlining program

9 Menit

Why banks are fighting changes to an anti-redlining program

15 Februari 2024

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 Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: NPR Privacy Policy


Lihat episode lain
Buka semua fitur dengan download aplikasi Noice
Kunjungi App