APACHE JUNCTION AZ (IFS) -- Racism in America is just more than guns, schools, the right to drink water at the same fountain. The right to vote. The right to liberty and justice. It's also epidemic in the financial world, as the major banks for many years have redlined many Black Americans homes and businesses. The farmers that are totally discriminated against, and that Black Americans with over $600 Billion Dollars in wealth in property; these American Banks redline their property and cut their wealth in their homes. It's been a long uphill climb from the beginning, as the banks steal the wealth of people of color. The one word that scares Money America to death is "BOYCOTT". When the American Americans started to picket the buses in Montgomery Alabama, the one thing that they did include in their protest was the boycotting of all of the businesses in that city and the surrounding areas. As long as your money is green, the lifeblood of all of the businesses is withdrawn as in the days of Rosa Parks -- the economic damage is severe and at many times very fatal for the businesses. African-Americans have more power then they realize.
Bank Sued for Redlining ; Racial Discrimination in Mortgage Loans
The New York State attorney general has sued Evans Bank, a regional lender in western NY, claiming it discriminated against African-Americans by denying them mortgage loans. This type of loan is given for the purpose of buying land, a house and/or other buildings. In exchange, the borrower gives the lender a security interest, called a mortgage, in the property. If the borrower fails to repay the loan, the mortgage enables the lender to foreclose on the property, meaning pursue a legal proceeding designed to oust the borrower and take possession.
Excluded is a part of Buffalo where 75% of Buffalo’s African American population reside.
The lawsuit alleges the bank violated the Fair Housing Act, a federal law passed in 1968. That Act prohibits discrimination in the sale or rental of housing by landlords, banks and other lending institutions in the sale or rental of housing. The protected categories include race, color, religion, sex, national origin, family status (children), or disability.
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