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News items related to banks

COMMENTARY: After Shorebank

In August 2010 Shorebank, the nation’s first community development bank, failed after thirty-plus years of operation. Richard Taub reflects on Shorebank’s passing. 

COMMENTARY: Shorebank and the Future of CDFIs

Shorebank's demise is sad and important, but the story here is CDFI resilience rather than industry decline.

After 33 Years, Wheels Turn on CRA Version 2.0

The Community Reinvestment Act, pushed into law in 1977 by a vanguard of anti-redlining activists, is up for an overhaul. CD practitioners and LISC have some key fixes in mind.

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