...that the bank engaged in a practice commonly known as "reverse redlining" in which a lender extends access to credit based on unfair terms such as race or ethnicity and...
Read More »Search Results for: Redlining
JPMorgan Chase Sued for Discriminatory Lending Practices
..."redlining." "JPMorgan engaged in reverse redlining, and continues to engage in said conduct, by extending mortgage credit on predatory terms to minority borrowers in minority neighborhoods in Los Angeles on...
Read More »Los Angeles Sues Nation’s Largest Banks
...2004 by imposing different terms or conditions on a discriminatory and legally prohibited basis."" [COLUMN_BREAK] The lawsuits charge all three banks with redlining and reverse redlining. Cited in the court...
Read More »Bernanke Speaks on Impact of Crises on Minorities, Low-Income Families
...reversed,"" Bernanke said. According to Bernanke, two types of discrimination remain a risk for low-income and minority Americans hoping to purchase homes. They include redlining--discrimination against minority neighborhoods--and pricing discrimination--charging...
Read More »ACLU Files Suit Against Morgan Stanley for Alleged Discrimination
...raises the risk of default and foreclosure is the quintessential ‘reverse-redlining' outlawed by the Federal Fair Housing Act."" The lawsuit also alleges Morgan Stanley violated the Equal Credit Opportunity Act,...
Read More »Advocates Call on Fed to Modernize Home Mortgage Disclosure Rules
...engaged in mortgage redlining. HMDA data have been used to document systemic problems in mortgage lending, such as the discriminatory denial of loans based on race, and in more recent...
Read More »Wolters Kluwer Addresses Intensified Scrutiny of Fair Lending Practices
..._Wiz_ software helps lenders effectively monitor against a variety of potential fair lending concerns, including redlining, reverse redlining, steering, disparate treatment, and disparate impact. The solution can help mortgage firms...
Read More »Minority Communities Hit Hardest by Drop-Off in Prime Lending: Report
...of the Woodstock Institute, one of the seven organizations who compiled the report. ""We are concerned that we have gone from a period of reverse redlining, to a period of...
Read More »Justice Department Investigating Discrimination in HAMP
...says the unit is focusing its efforts on the entire range of abuses seen in the market, from traditional access to credit issues, such as redlining, to reverse redlining and...
Read More »Judge Dismisses Baltimore’s Suit Against Wells Fargo
...of reverse redlining, or targeting the city's economically challenged minority citizens for risky mortgages. City officials claimed that these lending practices led to a disproportionately high rate of foreclosure within...
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