William Michael Cunningham

DOJ Announces Largest Redlining Settlement With City National Bank of Los Angeles, $31M in Fines

William Michael CunninghamJanuary 13, 2023January 13, 2023

by William Michael CunninghamJanuary 13, 2023January 13, 2023926

The Department of Justice announced a settlement with City National Bank of Los Angeles for "refusing to underwrite mortgages in predominantly Black and Latino communities."...

Money

Now is the Time for Black Firms to Obtain Capital — Here’s Why

William Michael CunninghamJanuary 4, 2023January 4, 2023

by William Michael CunninghamJanuary 4, 2023January 4, 20231092

We continue to believe that now is the time for Black firms to obtain capital. Historically, there has never been a better time for Black...

Business

Black Lives Matter: Corporate America Has Pledged $1.678 Billion So Far

William Michael CunninghamJune 10, 2020June 16, 2020

by William Michael CunninghamJune 10, 2020June 16, 202044077

Companies have made extraordinary pledges of support to Black Lives Matter initiatives, while many have stepped up support for black workers and communities....

Money

The Fed’s COVID-19 Policy Actions Are Treating the Symptoms, Not the Problem

William Michael CunninghamMarch 20, 2020March 20, 2020

by William Michael CunninghamMarch 20, 2020March 20, 20201561

The Fed’s recent policy moves in response to COVID-19 failed because they have focused on the symptoms, not the cause, of the crisis...

Money

Economist Offers $50 Billion Federal Solution to the Black Banking Crisis

William Michael CunninghamOctober 21, 2019October 23, 2019

by William Michael CunninghamOctober 21, 2019October 23, 20192631

Economist William Michael Cunningham says one solution to the black banking crisis is to have the FOMC create a black bank liquidity pool totaling at...