mortgage discrimination
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Oldest Community Bank in the U.S. to Pay Millions Due to Discriminatory Practices Toward Black Neighborhoods
Despite being founded in 1800, the Washington Trust Company in Rhode Island has never opened a branch in a majority-black or Hispanic neighborhood.
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LA-Based Bank To Pay Largest Redlining Settlement, Ever
The Justice Department came down on City National Bank for racist lending practices
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A New Jersey Bank Just Got Hit With a Federal Consent Order For Discriminating Against Black Homebuyers
The Justice Department says redlining was still alive and well at Lakeland Bank.
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Mortgage Lender Fires Its Diversity Recruiting Team
Better.com’s algorithms are supposed to cut mortgage discrimination
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U.S. Justice Department Announces New Initiative to Tackle Racially Discriminatory Lending Practices
Despite being illegal, the practice of ‘redlining’ has still managed to harm communities of color for years.
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Trump Plan for Home Loans Stokes Fears of Higher Mortgage Rates for Would-Be Homebuyers
Housing advocates fear a Trump administration plan to return federal mortgage backers Fannie Mae and Freddie Mac to the private sector will increase the cost of house loans and make it harder for low-income and disadvantaged communities to buy homes. Fannie Mae and Freddie Mac are the government-controlled companies that help provide money for the…
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When White Politicians Profit Off Black Pain and Then Go Begging for Black Votes: Georgia Edition
Break out the sunglasses and SPF 50, everyone; it’s scorched-earth time in Georgia’s Democratic gubernatorial primary. The race between Stacey Evans—the white, 40-year-old married lawyer and former state representative from Smyrna, Ga.—and Stacey Abrams, the black, 44-year-old lawyer, former Georgia House Democratic Caucus leader, Spelman grad, author and former owner of the Freaknik name (seriously)—was…
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Redlining 2.0: How Banks Block Black Homebuyers
In April 2016, Rachelle Faroul, a 33-year-old black woman, applied for a mortgage loan. Even though she had a good credit score, a degree from Northwestern and a job making $60,000 a year teaching computer programming at Rutgers University, her application was denied. I know what you’re thinking, but it was not because she was…