Policy Issues


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  • July 22 Lending Discrimination and the Costs of Credit to People of Color

    In 2005, an African-American woman applied for a mortgage on an investment property and Wells Fargo offered her a subprime loan [1]. It usually offered borrowers with similar credit scores prime loans with lower fees and fixed interest rates [1]. During the recession, the interest rate increased on her adjustable rate mortgage and her tenants stopped paying rent [1]. Having difficulty paying her mortgage, she sought a loan modification but the bank denied the request [1]. This borrower was over 90 years old and had a credit score better than, in the top fifth of all borrowers [1]. She received more than $20,000 in damages from the U.S. Department of Justice’s (“DOJ”) settlement with Wells Fargo Bank for their discriminatory lending practices [1].

  • July 21 White House Invests in 5G Network, Discusses Post-Brexit Trade

    The White House announces plans to spend $400 million on laying the groundwork for a 5G wireless broadband network; The Obama Administration begins post-Brexit trade agreements with the British government; Existing-home sales rise 1.1% in June.

  • July 20 Discriminatory Intent: How the Civil Rights Act Reinforces Sexual Inequality

    Government funding comes at a price. In order to receive qualified federal funding, an entity must make a choice between the juicy prospects of government dollars and the burden of self-policing for any unequal treatment within its ranks.

  • July 20 Student Debt Helping National Economy?

    Oklahoma, Colorado, and Pennsylvania each gain $9 million of federal funds to help train rural physicians to stem the rising tide of overdose deaths; A recent White House report shows that student debt is helping – not hurting – the U.S. economy.

  • July 19 Puerto Rico Growth Task Force Formed; Fed Officials Looking Favorably Towards Rate Hike

    The Congressional Task Force on Economic Growth in Puerto Rico was formed this week to address Puerto Rico’s debt crisis; Federal Reserve Officials are looking more favorably towards interest rate hikes before the year ends as financial markets stabilize following Britain’s vote to leave the European Union; The Commerce Department announced that homebuilding in the U.S. has rebounded.

  • July 18 Does the Foreign Corrupt Practices Act Work?

    The Foreign Corrupt Practices Act (FCPA) seems as American as apple pie. The law is meant to prohibit bribery of foreign officials, promoting the kind of fair-play economy that politicians of all stripes can get behind. Begun in the aftermath of the Watergate scandal, during which numerous corporations admitted to maintaining slush funds to bribe foreign officials, the FCPA was the first legislation in the world to address bribery abroad [1].


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