Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
"New York: Bank didn't lend to blacks in Buffalo" [View all]
More: http://news.msn.com/crime-justice/new-york-bank-didnt-lend-to-blacks-in-buffalo#tscptme
[IMG]
[/IMG]
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.
5 replies
= new reply since forum marked as read
= new reply since forum marked as read