Tag: fair lending
NCRC Claims KeyBank Broke Promises, Failed Black Homeowners
Who is responsible for evaluating whether groups adhere to promises made in a community benefits agreement (CBA)? Is there any recourse for those who don’t get what they were promised? And what lessons can we take away from the KeyBank CBA?
Say It With Your Chest: Race Matters in Lending
The Community Reinvestment Act was created to address racist lending practices, but it doesn’t specify race. Special purpose credit programs could help.
Occupy Wall Street: A New Wave of Fair Housing Activism?
Is there a new community reinvestment movement afoot?
The Continued Importance of Fair Lending in the Age of Obama
Housing discrimination continues to plague the market, as does the myth that the housing crisis resulted from extending homeownership and home mortgage credit to historically underserved groups: minority families. Even with the Obama administration's Homeowner Affordability and Stability Plan and, within that, the Making Home Affordable program, minority groups continue to suffer ongoing discrimination and fair housing violations.