Industry News

NAACP suit claims blacks steered into higher-cost loans

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

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

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. ...