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Sept 24, 2013

UN: Sri Lanka


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Google, Asked at UN About Censorship, Moved to Censor the Questioner, Sources Say, Blaming UN - Update - Editorial

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As FinTechs Line Up at PPP Trough Community Reinvestment Act Should Apply Inner City Press Says

By Matthew Russell Lee, Patreon
BBC - Decrypt - LightRead - Honduras - Source

BRONX / SDNY, April 14 – So-called fintech firms like Square and Kabbage have been trying to get into the banking field without complying with the Community Reinvestment Act, which would measure and require their minimal fairness to low- and moderate-income communities.

 In this evasion they have been assisted by the US Comptroller of the Currency Joseph Otting, who has been attacking CRA ever since he was outed submitting fake comments to support the sale of his OneWest Bank to CIT.   

Now under the Paycheck Protection Program Square is bragging about having been approved to make SBA loans; Kabbage says the same, through through a fig leaf fiction with Celtic Bank.

    So why are there any CRA requirements on these lenders getting into this government program? Inner City Press / Fair Finance Watch has been raising the issue for week, including to Congressional leadership. #TreasureCRA. Now we are compiling formal comments for submission to the SBA, on their already final but still "interim" rule. Watch this site. 


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