Breaking NewsBanks are required to lend to low-income borrowers. But, instead of loans, regulators incentivize banks to invest in housing built in areas of crime and blight.5:00 PM CST February 28, 2021DALLAS — Many banks choose not to make home loans to residents in low-income areas, government statistics show, even though federal law prevents discrimination in lending. But that doesn’t mean bank money isn’t flowing into these same neighborhoods. It is – but in the form of low-income apartment complexes built in areas of slum and blight.A WFAA investigation found that banks own, or have...…Breaking NewsBanks are required to lend to low-income borrowers. But, instead of loans, regulators incentivize banks to invest in housing built in areas of crime and blight.5:00 PM CST February 28, 2021DALLAS — Many banks choose not to make home loans to residents in low-income areas, government statistics show, even though federal law prevents discrimination in lending. But that doesn’t mean bank money isn’t flowing into these same neighborhoods. It is – but in the form of low-income apartment complexes built in areas of slum and blight.A WFAA investigation found that banks own, or have...WW…

Breaking NewsThe Texas Public Utility Commission takes steps to limit exposure to some customers from the costs of this emergency.11:05 PM CST February 20, 2021Thousands of Texans will be involuntarily switched to a new electric company, as a number of electricity providers cannot meet their financial obligations to serve their customers.In response, at an emergency meeting on Friday, the Texas Public Utilities Commission gave authority to TXU Energy to absorb customers of failing companies and to offer them competitive rates.It’s happening because, when the cost of electricity spiked...…Breaking NewsThe Texas Public Utility Commission takes steps to limit exposure to some customers from the costs of this emergency.11:05 PM CST February 20, 2021Thousands of Texans will be involuntarily switched to a new electric company, as a number of electricity providers cannot meet their financial obligations to serve their customers.In response, at an emergency meeting on Friday, the Texas Public Utilities Commission gave authority to TXU Energy to absorb customers of failing companies and to offer them competitive rates.It’s happening because, when the cost of electricity spiked...WW…

Breaking NewsIn response to a WFAA report showing 20% of banks do not serve below I-30, three members of Congress will question banks and regulators, looking for solutions.9:23 PM CST December 6, 2020DALLAS — Congressional leaders in Dallas will set hearings to address the lack of access to bank loans to minority and lower income communities, in response to a WFAA investigation.“I believe that this is going to be a starter of a conversation that is long overdue,” said Kevin Felder, the president of the Dallas Chapter of the NAACP and a former member of the Dallas City Council.Felder was the...…Breaking NewsIn response to a WFAA report showing 20% of banks do not serve below I-30, three members of Congress will question banks and regulators, looking for solutions.9:23 PM CST December 6, 2020DALLAS — Congressional leaders in Dallas will set hearings to address the lack of access to bank loans to minority and lower income communities, in response to a WFAA investigation.“I believe that this is going to be a starter of a conversation that is long overdue,” said Kevin Felder, the president of the Dallas Chapter of the NAACP and a former member of the Dallas City Council.Felder was the...WW…

Breaking NewsOur investigation found that about 20% of banks in Dallas County don't serve neighborhoods below Interstate 30 – with approval from regulators6:06 PM CST November 22, 2020DALLAS — For many people in Dallas, Interstate 30 is just a freeway.But for many minority community leaders, it’s something else – an arbitrary boundary dividing the city’s mostly white population to the north from the city’s mostly Black and Hispanic communities to the south.  A WFAA investigation found that it is also a line that many banks use to determine who their customers are, and who they are...…Breaking NewsOur investigation found that about 20% of banks in Dallas County don't serve neighborhoods below Interstate 30 – with approval from regulators6:06 PM CST November 22, 2020DALLAS — For many people in Dallas, Interstate 30 is just a freeway.But for many minority community leaders, it’s something else – an arbitrary boundary dividing the city’s mostly white population to the north from the city’s mostly Black and Hispanic communities to the south.  A WFAA investigation found that it is also a line that many banks use to determine who their customers are, and who they are...WW…