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CRA, Racism & the Federal Reserve: A Midwest Perspective

The Community Reinvestment Act is up for its first significant revision in 25 years. It’s important we optimize this tool to address systemic disinvestment in lower-income and minority communities. Read More  

Subprime Lending Played a Role in Cleveland’s Housing Boom and Bust, but There’s More to the Story

The US housing boom of the early 2000s featured a substantial increase in subprime debt, but some evidence points away from this being the primary driver of the housing crisis that followed. Read More  

Data Updates: Measuring Evictions during the COVID-19 Crisis

Since our July report, eviction policies related to COVID-19 continue to evolve. Our updates capture weekly eviction filing counts for 63 jurisdictions across the United States—that’s approximately 13 percent of renter households in the country. Read More  

The CRA Is Important for Underserved Communities, and Your Input Can Help Modernize It

The Fed is seeking to modernize the Community Reinvestment Act in a way that significantly expands financial inclusion, and you can have a say in how it’s done. Read More  

Equality Is Not Enough: Reflections on the Paycheck Protection Program

Our society often designs and implements policies that prioritize equality, but prioritizing equity or justice would better address the disparities between racial groups. Read More