GM leads harsh accusation against Redlining
US Department of Justice to Take Action Against Redlining
The Ministry of Justice has announcement it will take aggressive action against redlining.
At a press conference on October 22, Attorney General Merrick Garland highlighted the importance of homeownership in building wealth, Black Enterprise reportsbecause the red line increases the racial wealth gap. Data from Brooking Institute shows that the net worth of the average white family is almost 10 times that of a black family.
Garland said the government is already investigating several cases, including one against TrustMark National Bank in which the DOJ says TrustMark has avoided providing financial services to those who live in black and Hispanic neighborhoods in the Memphis area.
The company settled and agreed to pay $ 5 million in penalties to the Consumer Financial Protection Bureau. Trustmark CEO Duane Dewey said in a statement that the bank “shares common goals of removing barriers to real estate finance and exploring innovative ways to help residents of underserved areas.” His company is also committed to making changes to its business practices.
McDonald’s workers join growing strike movement
McDonald’s workers across the United States plan walkouts to protest workplace harassment, ABC News reports.
This marks one of the many protests across the country. Kellogg’s and John deere workers also made headlines arguing for better wages and stronger protections. For McDonald’s employees, however, this is the fifth time in the past three years that employees have decided to strike against what they call a “culture of harassment”. News & Observer adds.
Workers filed more than 50 complaints against the fast food giant, triggering legal action and complaints to the Equal Employment Opportunity Commission.
In April, McDonald’s announced that employees should take sexual harassment training and planned to implement new procedures for reporting complaints by January 2022. But their employees believe that is not enough.
“Workers are harassed and some people are afraid to speak out because they think they might lose their jobs,” Rita Blalock, an employee of Raleigh McDonald, said in a press release. “Coming together in a union would help because we would have a real voice in our store – not just on abuse, but on wages, safety and everything in between. “
Treasury Department appoints first racial equity advisor
Former JP Morgan Chase philanthropy chief is now Treasury Department’s senior adviser on racial equity, Reuters reports.
Janis Bowdler was appointed to the post after the Biden-Harris administration identified the need to create economic policy initiatives that would push for racial equity. Bowdler will work with researchers, activists, and advocates as part of an external advisory committee that can better identify barriers to treasury benefits.
Other changes at the Treasury Department include the appointment of the first black interim director by former veteran Ventris Gibson. With the move, 40% of those appointed by the Treasury would identify as people of color, although the department recognizes that more progress needs to be made to diversify the staff.
Solcyra (Sol) Burga was a member of the Emma Bowen Foundation with Next City for the summer of 2021. Burga is completing her degree in Political Science and Journalism at Rutgers University, with the intention of graduating in May 2022. As a Newark native and immigrant, she hopes to raise the voice of underrepresented communities in her work.