From Democracynow.org:
In economic news, the NAACP has filed a class action lawsuit against 14 subprime mortgage lenders alleging they engaged in institutionalized, systematic racism. Lenders named in the suit include Wells Fargo, Citigroup and Washington Mutual. The National Community Reinvestment Coalition recently found that African Americans were twice as likely as white applicants to receive loans with expensive, above-market rates.
The Lenders: Ameriquest, Wells Fargo, Fremont, Option One, WMC Mortgage, Countrywide, Long Beach Mortgage, CitiGroup, BNC Mortgage, Accredited Home Lenders, Encore, First Franklin, HSBC, Washington Mutual.
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