...“Discrimination in lending harms families and neighborhoods for generations, it is wrong, and it has no place in our country. That is why I launched the Department’s Combating Redlining Initiative...

...Gross Domestic Product (GDP). Adherence to the Community Reinvestment Act (CRA) was also discussed. The CRA, enacted in 1977 to prevent redlining and to encourage banks and savings associations to...

...of the landmark federal anti-redlining law. “The financial market has changed considerably since the passage of the Community Reinvestment Act, and nonbanks are now capturing a large share of the...

...engaged in a pattern or practice of redlining predominately Black and Hispanic neighborhoods in Jacksonville, Florida. Redlining is an illegal practice in which lenders avoid providing credit services to individuals...

...persistent racist policies in banking like redlining, where banks would systemically deny the provision of mortgages and other financial products and services to certain areas based on race or ethnicity....

...issue a proposed rule on automated valuation models (AVMs), and is actively working to ensure that black-box models do not lead to acts of digital redlining in the mortgage market....

...furthering bias,” noted Rep. Waters. “In some cases, the use of such algorithms and other company policies and practices have been demonstrated to have discriminatory outcomes. A 2022 redlining and...

...area was a thriving African-American community, replete with creative character. But several factors led to the community’s decline, beginning with mortgage redlining and racial zoning in the 1930s; the construction...

...and pricing regressions; redlining analyses; comparative file reviews; and exception monitoring. All small business lending units must ensure that they have robust processes and quality control functions for adverse action...

...Living in inadequate housing requires more upkeep and paying relatively more in property taxes. Legacies of redlining and current discriminatory lending have also hampered Black households' efforts to gain access...