A New Jersey bank has been ordered to pay $13 million to settle allegations that it avoided opening branches in Black and Hispanic communities in the Newark area and giving…
Tag: quick and loans mortgage
Bank of America’s race-based lending program will hurt the people
Bank of America CEO Brian Moynihan is defending a new program offering zero-down-payment home loans in black and Hispanic neighborhoods. Don’t worry, he says, about a rerun of the 2008…