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Complaints charging two lenders with anti-Black business practices raise questions about growing industry sector.

A clash among FDIC board members has intensified a debate about whether regulators should take a tougher look at large M&A deals. House Financial Services Chair Maxine Waters added to the frenzy by calling for a moratorium on approving big acquisitions.

Now that the Department of Housing and Urban Development clarified that participating in these programs does not create a fair lending violation, lenders and fair housing advocates wonder whether more mortgage lenders will actually participate.

Housing equity groups, nonprofit lenders and developers argue that financial institutions should play a larger role in addressing affordable housing needs.

OAKLAND (CBM) – There is no silver lining it seems when it comes to redlining. Redlining describes the illegal practice when government agencies or private institutions systematically exclude certain groups of people — or selectively raise the prices of goods and services for them. The most notable example is how the United States government and private banks intentionally denied African Americans home loans based on race through much of the 1900s. A new study by Oakland-based policy institute The Greenlining Institute has found that Black, Latino and Native American borrowers still recei...