Skip to comments.A Fine for Doing Good
Posted on 09/17/2012 6:00:12 AM PDT by Pontiac
In a complaint filed Wednesday and settled the same day, Justice claimed that California-based Luther Burbank Savings violated the 1968 Fair Housing Act and 1974 Equal Credit Opportunity Act by setting a policy that had a "disparate impact" on minorities. Between 2006 and mid-2011, 5.2% of Luther's single-family residential mortgage loans went to African-Americans and Hispanics, compared to an average of 41.7% for other lenders in the area. The complaint doesn't cite evidence of intentional discrimination because there wasn't any.
(Excerpt) Read more at online.wsj.com ...
Lend to people that cant repay a loan and you are money grubbers that only want profits.
Dont lend to people that cant pay and youre a racist.
The banking industry is one of Obamas Jews; a whipping boy used to excite the faithful in to furious mob.