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Redlining is a discriminatory practice in which financial services are withheld from neighborhoods that have significant numbers of racial and ethnic minorities. [2] Redlining has been most prominent in the United States, and has mostly been directed against African Americans, as well as Mexican Americans in the Southwest. [3]
South Philadelphia is the area to the south of Center City, from the Delaware to the Schuylkill. The area is dominated by row-houses and traditionally home to Italian Americans. The City Planning Commission in 2000 declared the area at 9th and Ellsworth blighted. It is five blocks from the Philadelphia landmark Pat's King of Steaks. Recently ...
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
An obscure 47-year-old law designed to right the historic wrongs of redlining was the ‘original ESG framework,’ execs say. Just look at how Crown Heights and Bed-Stuy have changed Dylan Sloan
The mortgage lender will pay a $1.9 million penalty and provide $7 million in loan subsidies as a result, the CFPB said in a statement. Fairway determined that a settlement with the bureau would ...
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Summit Terrace is a historic neighborhood within the Central Allison Hill section of Harrisburg, Pennsylvania. It is bound by State Street, North Thirteenth Street, Bailey Street, North Twelfth Street, and Royal Terrace. Summit Terrace is also the only Architectural Conservation Overlay District (ACOD) in Harrisburg.
The U.S. Department of Justice announced a $31 million settlement with City National Bank over allegations that the Los Angeles-based bank engaged in "redlining" – a pattern of lending ...