Re:CAP Recommends | How Neighborhoods Could Lose If Trump Succeeds in Rolling Back Bank Reforms

You are here

Public Domain
April 14, 2017

Re:CAP Recommends: “How Neighborhoods Could Lose If Trump Succeeds in Rolling Back Bank Reforms” by Lee Huang

Who: Author Lee Huang is Senior Vice President and Principal of Econsult Solutions and a lecturer at the University of Pennsylvania Fels Institute of Government. His research expertise includes commercial corridors, affordable housing, economic development, and economic and fiscal impact, among others.

What: The new Administration under President Trump has, as recently as this week, openly floated the idea of a complete repeal of the Dodd-Frank Wall Street Reform Act. This Act and others following the 2010 recession bring needed reform; a repeal could return the banking industry to the shadows— and once again veiling critical banking information from cities who need it for planning and financial industry accountability.

Takeaway: Mr. Huang makes a powerful case for the benefits to cities of Dodd-Frank and the loss incurred through repeal. Here, the takeaway is transparency: The research efforts of Huang and others have successfully cataloged powerful measures for city managers needed to prevent practices of “redlining” and selective lending, ensuring visibility and accountability on issues of equitable access to capital.

Fels Institute of Government

The Fels Institute of Government
3814 Walnut St. 
Philadelphia, PA 19104

(215) 898-7326

Facebook   Twitter   YouTube