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October 23, 2017 / Kendra Allen, Editor

How will the US protect its most vulnerable citizens?

POVERTY | The Consumer Financial Protection Bureau has released new regulations to address predatory payday loans. Some worry that once the loans, which target low-income communities and communities of color, are regulated, another form of exploitation will pop up. (Citylab, 10/20)

The new CFPB payday rules focus on payday and auto-title loans that require repayment in 45 days or less. Among the stipulations, the regulations require lenders making such loans to assess a borrower’s ability to repay (based on factors such as income and housing costs), set limits on how many times a borrower can rollover a loan, and prevent lenders from continually trying to automatically debit from a borrower’s account. Together, the rules will help curb some of the most abusive and dangerous practices when it comes to small, very short-term loans. But what they don’t do is create new or safer products to take their place—nor do they force financial institutions to do so.

AFFORDABLE HOUSING | Last week, business leaders and other stakeholders came together to discuss the lack of affordable and workforce housing in Loudoun County and how to address it. (Loudoun Times, 10/18)

Related: Gretchen Greiner-Lott, WRAG’s vice president, participated in the summit and offered lessons from the Faces of Loudoun Campaign, which WRAG worked on with the Community Foundation for Loudoun and Northern Fauquier Counties to bring attention to individuals and families living and working in the county who are dealing with a variety of issues, including housing affordability. She also discussed WRAG’s specific work around housing affordability, including the Housing Leaders Group of Greater Washington and Our Region, Your Investment.

CORPORATE PHILANTHROPY AWARDS | Congratulations to the WRAG members who are being honored in Washington Business Journal’s 2017 Corporate Philanthropy Awards!

Corporate Philanthropy by Giving

Booz Allen Hamilton Inc.

Capital One Financial Corp.

CareFirst BlueCross BlueShield

Citi

Deloitte LLP and subsidiaries

Northrop Grumman Corp.

Pepco

PNC Bank

PricewaterhouseCoopers LLP

SunTrust Banks Inc.

Washington Gas

Wells Fargo & Co.

The World Bank Group

Corporate Philanthropy by Volunteer Hours

The Advisory Board Co.

Booz Allen Hamilton Inc.

Capital One Financial Corp.

CSRA Inc.

Deloitte LLP and subsidiaries

IBM Corp.

PricewaterhouseCoopers LLP

SunTrust Banks Inc.

Washington Gas

Wells Fargo & Co.

The World Bank Group

EQUITY | Vu Le, executive director of Rainier Valley Corps, discusses the true meaning of equity in his popular blog and urged foundations and nonprofits to practice it. (NAF, 10/15)

FOOD INSECURITY | Today marks the beginning of DC Food Recovery Week, which is dedicated to highlighting the amount of food we waste and how it can be prevented. (WAMU, 10/23)

PUBLIC SAFETY | A newly released report that studied the District’s police department’s utilization of body cameras found that wearing them did not change the use-of-force rates. (DCist, 10/20)


Where to go to enjoy Halloween or pumpkin patches in Montgomery County, MD…

– Kendra

One Comment

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  1. ba / Oct 23 2017 11:29 am

    Loving the final quote for the Vu’s pieces, “As former Vice President Joe Biden said, “Don’t tell me what you value. Show me your budget, and I’ll tell you what you value.”” And, I think Jan’s comment is apropos, “All the foundation pieties about low-wealth communities and
    communities of color don’t matter when they don’t fund nonprofits from
    and about those communities.”

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