Courts have determined that redlining is illegal when lending institutions use race as a basis for excluding neighborhoods from access to loans. In addition, theFair Housing Act, which is part of the Civil Rights Act of 1968, prohibits discrimination in lending to individuals in neighborhoods based...
Thesaurus Financial Idioms Encyclopedia Wikipedia Related to Redlining:gentrification,reverse redlining A discriminatory practice whereby lending institutions refuse to make mortgage loans, regardless of an applicant's credit history, on properties in particular areas in which conditions are allegedly deteriorat...
Fair Lending Developments: Redlining Enforcement FlourishesRopiequet, John L.Noonan, L. JeanBusiness Lawyer
Definition and Example of Redlining Redlining is aform of illegal lending discriminationused primarily against Black homebuyers in which people that live in certain communities are not allowed the same access to credit as people in other communities based on race, color, or other discriminatory facto...
CFPB Targets Redlining and Other Fair Lending IssuesAllyson B. BakerR. Andrew ArculinPeter S. Frechette
First DOJ/CFPB Joint Redlining Settlement Signals Major Changes for Fair Lending EnforcementRichard M. Alexander
ruled that courts could not enforce racially restrictive practices. In 1968 the FederalFair Housing Actforbadediscriminationagainst minorities by real estate brokers, property owners, and landlords. TheHome Mortgage Disclosure Act (HMDA) of 1975 required lending institutions to report public loan data, ...