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Chicago's Last Black-Owned Bank Got Millions in Government Deposits — Then Had to Give Them Back — ProPublica

As Black-owned banks disappear, politicians are under increasing pressure to save them. Big deposits are a ready solution, but sometimes they burden the banks more than they help. ....

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As some states clamp down, Rhode Island still embraces payday lending with the equivalent of a triple-digit interest rate

Some states are clamping down on the payday lending industry, described by critics as a predatory practice that preys on the poor. But it appears unlikely that anything will change this year in Rhode Island one of just two New England states that allow payday lenders to charge the equivalent of triple-digit interest on loans. ....

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Economic equity bill ranges from payday loans to lead water pipes

Criminal backgrounds
One part of the bill, called the Employee Background Fairness Act, calls for strictly limiting the ability of employers to use a personâs criminal history to deny someone a job or take any other adverse action unless there is a âdirect relationshipâ between the conviction and the job, or if there is a specific federal, state or local law prohibiting the employment of such a person.
It also contains similar language regarding housing in buildings under the jurisdiction of public housing authorities.
âIt s just important to note that 55% of Illinois adults have a criminal record, and an applicant with a record is 50% less likely to get a callback for a job offer or an interview than an individual who does not,â said Matt Smith of Cabrini Green Legal Aid. âSo what we see is that just routinely, people who ve been caught up in the criminal legal system, sometimes decades prior, continue to face huge and insurmountable chal ....

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