Banks are required to lend in low- and moderate-income communities only if they have a branch in the area that takes deposits.
As the Trump administration withdraws from enforcing consumer protection and fair lending law, state attorneys general are stepping into the breach.
Members of the U.S. House Financial Services Committee ask Jerome H. Powell how he plans to address disparities in lending between whites and others.
Financial institutions are fueling gentrification in low-income neighborhoods while getting credit for helping the poor.
Black and Latino applicants across the country are being rejected for mortgages at much higher rates than whites, and their race seems to play a role.
The treasurer and attorney general said they would probe possible discrimination in mortgage lending. The Philadelphia City Council plans hearings.
At the national and state levels, they vow to ensure people of color get equal access to home loans and the public gets access to lending information.
People of color continue to be denied conventional mortgage loans at rates far higher than their white counterparts.
In dozens of cities across the country, lenders are more likely to deny loans to applicants of color than white ones.
A 1977 law, designed to correct redlining, didn’t anticipate a day when historically black neighborhoods would be sought by young white homebuyers.