EQUITY | A new study released yesterday found that community banks are just as likely as traditional banking institutes to discriminate against communities of color, especially when looking at the fees associated with opening, maintaining, and closing checking accounts. (Citylab, 6/21)
For example, the study finds that overdraft fees are higher in banks located in predominantly Black and Latinx neighborhoods when compared with the overdraft fees assessed in white communities. Not only that, but banks in Black and Latinx neighborhoods are more likely to use credit-screening agencies for opening accounts than they are in white neighborhoods.
Other findings from the report:
Banks in predominantly African-American neighborhoods require higher opening deposit charges for starting a basic checking account.
EDUCATION | The Office of the State Superintendent of Education has discovered that about 1,000 teachers in DC Public Schools lack certification the city requires to teach. (WaPo, 6/21)
YOUTH | Eshauna Smith, CEO of Urban Alliance, has announced that Nathaniel Cole will step down as the DC executive director after eight years and Monique Rizer will step into this role. (Urban Alliance, 6/21)
LOUDOUN | Phyllis Randall, corporate vice president of Metropolitan Washington Council of Governments and Board Chair of Loudoun County Board of Supervisors, was selected to the Women in Government Leadership Program hosted by Governing Magazine. (Loudoun Tribune, 6/19)
Social Sector Job Openings
Development Manager | Young Playwrights’ Theater– New!
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Director, Corporate and Foundation Relations | Wolf Trap Foundation
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Contract Grant Writer | Project HEAL
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Program Manager | The J. Willard and Alice S. Marriott Foundation
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