After Redlining
Subtitle: The Urban Reinvestment Movement in the Era of Financial Deregulation
Publisher: University of Chicago Press
Published: 2020
Language: eng
Number of pages: 296
ISBN-13: 9780226723648
Subjects: Finance
Description: "The story of how American banks helped disenfranchise nonwhite urbanities and condemn to blight the very neighborhoods that needed the most investment is infuriating. And yet, by digging into the history of urban finance, Rebecca Marchiel here illuminates how urban activists changed some banks' behavior to support investment in communities that they had once abandoned. These developments, in turn, affected federal urban policy and reshaped banks' understanding of the role that urban communities play in the financial system. The legacy of reinvestment activism is clouded, but Marchiel's detailing of it transforms our understanding of the history and significance of community/bank relations"--