NAACP suit alleges lenders discriminated against blacks - The Boston Globe "By Associated Press | July 12, 2007 LOS ANGELES -- The NAACP sued a dozen mortgage lenders yesterday, claiming the companies discriminated against blacks by steering them into higher interest, subprime loans while giving more favorable loan terms to white borrowers. The lawsuit, which seeks class-action status, was filed in US District Court in Los Angeles. It demands a court order barring the lenders from discriminating against blacks and compelling them to comply with fair housing and credit laws. Among the defendants named in the suit are Ameriquest Mortgage Co., Citigroup Inc., HSBC Finance Corp., and Washington Mutual Inc. Ameriquest, Citigroup, and HSBC defended their lending practices as fair." boston/realestate/news/articles/2007/07/12/naacp_suit_alleges_lenders_discriminated_against_blacks/
Posted on: Mon, 22 Jul 2013 16:29:05 +0000