Same-Sex Couples Face A Lending Discrimination Rate 75% More Often Than Straight Couples A new study from Iowa State University shows systematic lending discrimination against same-sex couples. The study found gay couples who received a mortgage paid a 0.5 percent higher interest rate on average. The research was conducted by Iowa State University’s Ivy College […]
Wells Fargo Lending Practices Show Jim Crow Is Still Alive And Well At Wells Fargo Wells Fargo wants the public to believe Wells Fargo lending policies no longer discriminate against black people. Especially since the bank settled the plethora of Ghetto Loans lawsuits they faced. Cities across the United States accused Wells Fargo of conning […]
Elderly Black Man Locked Out Of His Home By Specialized Loan Servicing During Foreclosure Fight. Specialized Loan Servicing aka SLS has been trying unsuccessfully to foreclose on frail 87-year-old Thomas Brown. Brown’s foreclosure litigation has dragged out for nearly two years. Yet, that didn’t stop SLS from locking the elderly black man out of his […]
Black Business Owners Sue Michigan Bank For Purging Their Accounts Black business owners in West Michigan are suing Mercantile Bank. The Black business owners allege that the bank called their loans regardless if they were delinquent or not. Black business owners claim Mercantile Bank wanted to stop doing business with Black people. Merchantile executed a campaign […]
Hudson City Savings Bank Pays $32.75 Million To Settle Claims It Discriminated Against Blacks And Latinos Hudson City Savings Bank has settled claims of mortgage discrimination by the federal government for $32.75 million that it violated federal laws when it gave loans to members of the black and Hispanic communities. Claims by the Consumer Financial Protection […]
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