Industry News

NAACP suit claims blacks steered into higher-cost loans

Lawsuit against subprime lenders cites HMDA studies
Published on Jul 13, 2007

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The NAACP, or National Association for the Advancement of Colored People, has filed a lawsuit against more than a dozen lenders seeking class-action status to represent African Americans who were allegedly steered into higher-cost subprime loans because of their race. ...

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