New York's attorney general is accusing a mortgage lender of refusing to offer financing to African-Americans living in the western part of the state.
Eric Schneiderman filed a lawsuit in U.S. District Court on Tuesday alleging that Evans Bank intentionally excluded predominantly African-American neighborhoods on Buffalo’s east side from its lending area.
In a statement, bank President David Nasca says the 13-branch strong Evans will "vigorously" defend itself against “meritless accusations”.
New York state is getting $800 million as its share of a national $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.
New York Attorney General Eric Schneiderman announced the settlement Thursday. He says the bank has agreed to pay the state $300 million in cash and $500 million in the form of direct relief to consumers.
Minority mortgage borrowers in Massachusetts affected by discriminatory lending practices have received payments as part of a $1.75 million settlement. WAMC’s Lucas Willard reports…
State Attorney General Martha Coakley said Friday that 2,100 affected borrowers will receive checks ranging from $100 to $5,000 as part of a settlement with Sand Canyon, an H&R Block subsidiary, formerly known as Option One. A total of $1.75 million in payments has been disbursed to minority borrowers, Coakley's office said.
President Barack Obama is contrasting himself with congressional Republicans by saying they have blocked his job creation plans. He says now is not the time for inaction. WAMC’s Dave Lucas has more...
Obama was speaking at a college science complex in New York to draw attention to proposals he has been pushing before Congress since last September. His appeal comes as millions of Americans remain out of work and as thousands have given up looking for work.