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  • In 1989, a Bomb Was Dropped on the Boston Banking Industry when a FED Study of Neighborhood Lending Patterns Provided Evidence of Discrimination

     

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ID number:836433
Evaluation:
Published: 21.05.2003.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Introduction
Over the past several decades there has been concern about the creation of "ghettos" of various kinds in urban America - and about the contribution of lending institutions to this process. For inner-city minorities it has often been particularly difficult to get funding for home purchases or to finance business - despite a number of governmental and industry efforts to reverse or offset this situation. Part of this problem sometimes stem from discrimination - including unintentional, but real actions on the part of lenders.
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