Reveal’s analysis of mortgage data found evidence of modern-day redlining in 61 metro areas across the country.
Among the 6,600 U.S. lenders, some stood out for particularly extreme practices.
A 1977 law, designed to correct redlining, didn’t anticipate a day when historically black neighborhoods would be sought by young white homebuyers.
A new HUD rule would make it difficult for banks to be sued when their algorithms result in people of color being disproportionately denied housing.
The Trump administration intends to roll back Obama-era rules that dramatically expanded public access to home mortgage data.
Proposed legislation in D.C., investigations from state attorneys general and down payment assistance in Philadelphia are among the developments.
U.S. Sen. Elizabeth Warren unveiled a bill that one advocate said would be the first law since 1968 “to redress a century of housing discrimination.”
The Trump administration says focusing less on loans to low-income areas where banks have branches could lead to more lending elsewhere.
First Republic Bank has fueled the displacement of families in Oakland by lending to landlords with histories of eviction.