Institutional Racism

Too Big to Care: Banks Still Restricting Home Loans In 'Non-White' Areas

Too Big to Care: Banks Still Restricting Home Loans In 'Non-White' Areas
Community groups stood together outside Minneapolis City Hall to accuse banks of continuing to “red-line” communities of color and refusing to refinance sub-prime mortgages from 2009-2012. “What the report shows very clearly is that big banks like Wells Fargo are redlining communities of color,” said Anthony Newby, executive director of NOC. “The report shows that redlining is alive and well, and in some ways it’s worse than it’s ever been.”
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