Taking aim at the targeted-advertising algorithms that put Facebook on top of modern-day marketing, several fair-housing advocates brought a federal complaint Tuesday over virtual redlining.
We received thousands of questions about redlining’s history and legality – and what everyday citizens can do about it.
S. 2155, expected to clear the Senate in the coming days, is a banker’s wishlist.
The lawsuit, filed this week in U.S. District Court in Houston by the local chapters of the NAACP and LULAC, the League of United Latin American Citizens, alleges that Capital One violated federal fair housing and credit laws.
Reveal exposes modern-day redlining is occurring in at least 61 US cities. In Philadelphia, black applicants there were almost three times as likely to be denied a conventional home purchase loan as white applicants. And this discrimination isn’t just a few banks, nearly two-thirds of mortgage lenders are still discriminating against clients of color.
Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.
Millions of mortgage records analyzed by Reveal from The Center for Investigative Reporting show that the legacy of redlining persists.
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An investigation by the National Community Reinvestment Coalition (NCRC) discovered that a majority of the top 50 FHA lenders have instituted policies that limit access to credit to working families in low- and moderate-income communities, and in communities of color, the very same communities that have been most harmed by the greed and malfeasance of …