Tag Archives: Redlining

Through enforcement efforts to address redlining nationwide, the U.S. Justice Department reports it has collected millions in relief for communities of color nationwide that may have experienced discrimination during their homebuying process.

A new Redfin survey revealed that nearly one-third of Black and Hispanic respondents faced some sort of discrimination while house hunting, while 22% of LGBTQ+ respondents also reported being discriminated against because of their sexual orientation.

In an effort to make the intersection of fair lending and technology a priority, the CFPB has issued guidance on how lenders must issue consumers accurate and specific reasons for credit denials when utilizing artificial intelligence.

While racial disparities in homeownership are at their highest level in 50 years, closing the Black-white homeownership gap in the U.S. will take adding nearly five million African American homeowners, according to the U.S. Department of Housing and Urban Development.

Settlement with mortgage lender for $22 million-plus marks the first redlining settlement that the CFPB and DOJ has reached with a non-bank entity.

Homeowners have an enormous advantage over renters when it comes to accumulating wealth, and this can have substantial consequences.

A Congressional hearing will feature panelists discussing the consumer credit reporting system, looking back at its history, and detailing three proposals to overhaul this system to provide credit equity for all.

The analysis continued by saying African-American are five times more likely to own a home in redlined areas.

As the nation is celebrating the 50th anniversary of President Lyndon B. Johnson’s signing of the Fair Housing Act, Zillow Research has taken a look at the impact of the sort of policies the Fair Housing Act was intended to ...

According to the announcement, the bank was allegedly found in direct violation of the Equal Credit Opportunity Act (ECOA), which prohibits creditors from discriminating against applicants in credit transactions on the basis of characteristics such as race, color, and national origin.