Plundering Black Wealth with Predatory Land Installment Contracts

ACORN Citizen Wealth Community Organizing Financial Justice

Columbus        An analyst for the Federal Reserve Bank in St. Louis on a panel with us at the Benjamin Hooks Institute at the University of Memphis listened to our remarks about the devastating impact of hedge funds and land installment contract companies in Memphis, and asked me if I had seen the study by the …

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Predatory Contract-for-Deed Sales Cast a Long Shadow in Chicago

Citizen Wealth Financial Justice Foreclosure Organizing

Chicago  Sometimes it felt like fifty years ago. That’s only partially because sometimes the conversation would toggle back and forth to the work the Contract Buyers’ League did on Chicago’s West and South Sides decades ago from 1967 to 1972 or so, as strategies and tactics that would address the current, horrid, predatory comeback of …

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