The Great Recession reduced the African-American homeownership rate to levels not seen since housing discrimination was legal in the 1960s.
in On Our Radar
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With the publication of Richard Rothstein’s 2017 book, The Color of Law: A Forgotten History of How Our Government Segregated America, the issue of racial and economic “redlining” has come to the forefront. The shocking thing about the revelations in Rothstein’s book is the degree to which policies and practices of segregation were accepted and […]
This study examines how neighborhoods were evaluated for lending risk by the HOLC, and compares their recent social and economic conditions with city-level measures of segregation and economic inequality
in Research
A study found that minorities are denied mortgages more than whites, even when accounting for income and other factors.
in On Our Radar
S. 2155, expected to clear the Senate in the coming days, is a banker’s wishlist.
in On Our Radar
Valerie Wilson of the Economic Policy Institute discusses EPI’s new report on the economic inequality gap for African Americans, 50 years after the Kerner Commission.
in On Our Radar
Congress should be asking how to expand reporting requirements for all lenders, not end them. We need bipartisan support to end discrimination in lending, not to hide the data that exposes it.
in Views
A trend has swept across government since Trump took office—a gutting of anti-discrimination measures across the financial services, including mortgages, car loans, payday loans, and more.
in On Our Radar
The Community Reinvestment Act is worth strengthening to fight discrimination.
in On Our Radar
Earlier this year, in a large metropolitan area of the eastern United States, two men walked into the same bank branch on the same day, each at different times of the day.
They each came in with nearly identical business backgrounds and strong credit histories, and they each asked about a small business loan of $60,000-$70,000 to expand their business and to possibly hire a part-time employee. There were some key differences, like each man’s name and their company names — and their race.
in In the news