Community Reinvestment Still Matters, Why Gut it More?

ACORN

https://chieforganizer.org/wp-content/uploads/2019/11/CN112012019.mp3Podcast: Play in new window | DownloadSubscribe: Apple PodcastsNew Orleans       Newsday, the big Long Island, New York newspaper, reported on a three-year investigation of real estate practices in this suburb that is well-known as one of the whitest suburbs in America.   Using a classic tactic to determine such racial discrimination, they sent out 100 …

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Banks Shirking Responsibility for Foreclosed Property Maintenance

ACORN Citizen Wealth Foreclosure

New Orleans  I woke up to headlines indicating that the National Fair Housing Alliance has accused Minneapolis-based U.S. Bank of effectively “red lining” blight into largely African-American and Latino neighborhoods in 35 different cities in 15 metropolitan areas.  Recently the alliance added New Orleans, Dallas, New Haven, and Hampton Roads, Virginia to an amended complaint …

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Wells Fargo Racial Steering and Discrimination Settlement with Justice Department

ACORN Citizen Wealth Foreclosure

New Orleans    The recently announced settlement between the Department of Justice and Wells Fargo Bank saw them pony up $174 Million to provide restitution to 34,000 customers because of racial discrimination in lending rates and steering them into toxic subprime rates caught my eye and brought me to full attention.  This might be a case of …

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