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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"New York: Bank didn't lend to blacks in Buffalo"
More: http://news.msn.com/crime-justice/new-york-bank-didnt-lend-to-blacks-in-buffalo#tscptme
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Eric Schneiderman filed a lawsuit in U.S. District Court on Tuesday alleging accusing Evans Bank of intentionally excluding predominantly African-American neighborhoods on the city's east side from its lending area.
In a statement, bank President David Nasca says Evans will "vigorously" defend itself against meritless accusations.
Schneiderman says the lawsuit is part of a wider investigation by his office into the illegal practice of redlining, in which a lender denies access to mortgages or charges more in certain neighborhoods based on race.
The lawsuit alleges that more than 75 percent of Buffalo's African-American population was denied access to the bank's mortgage products.
In a statement, bank President David Nasca says Evans will "vigorously" defend itself against meritless accusations.
Schneiderman says the lawsuit is part of a wider investigation by his office into the illegal practice of redlining, in which a lender denies access to mortgages or charges more in certain neighborhoods based on race.
The lawsuit alleges that more than 75 percent of Buffalo's African-American population was denied access to the bank's mortgage products.
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"New York: Bank didn't lend to blacks in Buffalo" (Original Post)
Jamaal510
Sep 2014
OP
Again, I don't put much stock in semantic hair-splitting. Waste of time and energy IMO.
nomorenomore08
Sep 2014
#5
Starry Messenger
(32,342 posts)1. k&r
nomorenomore08
(13,324 posts)2. "Minority disadvantage" in action right here, plain as day.
But don't you dare call it privilege!
AverageJoe90
(10,745 posts)3. And, to be truthful, we really shouldn't, not in this case, at least.
You know why? Because stuff like this doesn't benefit us white folks as a whole one bit. Not a bit. When has it ever done so?
Listen, man, I'm not trying to start any arguments or nothing. All I'm asking you to do is to consider what I'm saying here.....And I'll just leave it at that.
nomorenomore08
(13,324 posts)5. Again, I don't put much stock in semantic hair-splitting. Waste of time and energy IMO.
But as I said elsewhere, for every disadvantage there's a corresponding advantage. Logically, how could there not be?
AverageJoe90
(10,745 posts)4. There are some pretty clear grounds for a lawsuit, it seems.
This shouldn't be happening in 2014. Thanks Jamaal510.