New Orleans The New York Times has run a three-part series on the galloping trend of corporations, both large and small, overtly or slyly forcing consumers and even non-union workers to agree to arbitration procedures that block their access to courts and to joining with others in class action litigation on larger concerns. The stories …
Category: Citizen Wealth
Moral Markets and Predatory Lending
New Orleans Nothing like ten or more hours on an airplane to get some reading done. Reading Evan Osnos award winning book on modern China, Age of Ambition: Chasing Fortune, Truth, and Faith in New China, was interesting, especially having read earlier versions of some of the chapters in The New Yorker. He told one …
Housing Discrimination is Back! Did it Ever Leave?
New Orleans The Community Reinvestment Act (CRA) was passed in 1978 banning racial discrimination in lending. The Home Mortgage Disclosure Act (HMDA) was passed as well, forcing banks to supply the data on where they approved mortgages and the racial and ethnic information on the borrowers. Reporting and enforcement is under the jurisdiction of the Federal …