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Economics in Brief: George Floyd s Family Is Paying It Forward

Plus, a foundation says land acknowledgements are not enough.

United statesNew yorkHoly trinity lutheran churchSan franciscoBloomberg citylabCris stainbrookDafina williamsMeagan lyleGeorge floydUniversity of californiaCommunity buildingSolutions of the yearOpportunity finance networkLand acknowledgement fundCommunity benevolence fundCraig newmark graduate school of journalism

Rethinking what fair banking means

Fair lending advocates say it’s too easy for banks to get a passing grade and that communities of color are often denied home loans.

United statesJosh silverDafina williamsWilliam proxmireCommunity reinvestmentOpportunity finance networkRegents of the university californiaVeterans administrationHome owner loan corpSupreme courtHome owners loan corpDeposit insurance corpNational association of affordable housing lendersHousing administrationOffice of the comptrollerNational community reinvestment coalition

Small businesses still face $28 billion of unforgiven PPP loans

Almost 350,000 loans made to small businesses in 2020 during the COVID-19 pandemic haven’t been forgiven, according to a Bloomberg News analysis of Paycheck Protection Program data, and most of them are for less than $25,000.

United statesNorth carolinaAngela thompsonDafina williamsVitalii vodolazskyiDennis huangRuben alonsoAracely panameNational associationOpportunity finance networkAmerican expressSmall business administrationLatino community asset buildersVentures fundHope policy instituteAsian business association

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