Heard on the Street: Bankers vs. activists, economic justice, and faith-based investing

By October 1, 2018 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Bankers vs. Activists: Battle Lines Form Over Low-Income Lending Rules: Treasury Secretary Steven Mnuchin and OCC head Joseph Otting want to overhaul the Community Reinvestment Act, in part based on their experiences running OneWest.

Detailed New National Maps Show How Neighborhoods Shape Children for Life: “Research has shown that where children live matters deeply in whether they prosper as adults. On Monday the Census Bureau, in collaboration with researchers at Harvard and Brown, published nationwide data that will make it possible to pinpoint where children of all backgrounds have the best shot at getting ahead.”

Here’s What Investing in Economic Justice Looks Like: “Expanding a credit union is no easy task, especially one such as Hope, which has a mission to serve historically marginalized communities in the Deep South, communities that have survived generations of exclusion at best, and predation at worst, by financial institutions of many kinds.”

6 Things To Know About Faith-Based Investing: “Socially responsible investing has become a popular way for investors to put their money where their values are. Experts say faith-based investing is now following suit in popularity.”