Lender lawsuit controversy


IN THE DAY AHEAD.. A MAJOR BANK WILL BE HIT WITH A HOUSING DISCRIMINATION COMPLAINT. CIVIL RIGHTS LEADERS SAY THE BANK FAILED TO KEEP UP ITS PROPERTIES IN DAYTON’S PREDOMINATELY BLACK NEIGBHORHOODS– AS WELL AS IT DOES THOSE IN WHITE NEIGHBORHOODS. DAN EDWARDS IS LIVE WITH MORE ON THE DISCRIMINATION COMPLAINT. TODAY WE ANTICIPATE A NOON TIME NEWS CONFERENCE THAT WILL LEVEL SOME VERY SERIOUS CHARGES OF DISCRIMINATION AGAINST ANOTHER MAJOR U-S LENDER… THE NATIONAL FAIR HOUSING ALLIANCE (NFHA) AND FIVE OF ITS MEMBER ORGANIZATIONS WILL FILE ANOTHER COMPLAINT, THE THIRD OF ITS KIND THIS YEAR, WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. IT’S THE RESULT OF AN UNDERCOVER INVESTIGATION INTO HOW MAJOR AMERICAN BANKS ARE FAILING TO MAINTAIN AND MARKET PROPERTIES – BANK-OWNED OR FORECLOSED PROPERTIES – IN AFRICAN-AMERICAN AND LATINO NEIGHBORHOODS THROUGHOUT THE NATION. NFHA’S INVESTIGATION ALLEGES A STRIKING PATTERN OF DISCRIMINATION IN WHICH BANKS HAVE MAINTAINED AND MARKETED FORECLOSED PROPERTIES IN WHITE COMMUNITIES IN A FAR SUPERIOR MANNER TO FORECLOSED PROPERTIES IN COMMUNITIES OF COLOR FURTHER DAMAGING THOSE PROPERTIES AND COMMUNITIES. DISCRIMINATION COMPLAINTS HAVE ALREADY BEEN FILED AGAINST WELLS FARGO AND US BANK, CHARGES THAT THE LENDING INSTITUTIONS DENY SAYING QUOTE ” THEY CONDUCT ALL LENDING-RELATED ACTIVITIES IN A FAIR AND CONSISTENT MANNER WITHOUT REGARD TO RACE.” STAY TUNED TO 2 NEWS FOR THE RESULTS OF THEIR MOST RECENT INVESTIGATION AND WHICH NEW INSTITUTION FACES CHARGES OF LENDING DISCRIMINATION. REPORTING LIVE, DAN EDWARDS 2

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