Two Tier Banking System for African Americans

Two Tier Banking System for African Americans

By Colbert I. King, Saturday, June 25, 2005; Page A23

“A home will not become a home if you have to fight your way past predatory lenders and a two-tiered banking system to get one. That may be the plight of many African American bank customers in New York who want to achieve the American dream of homeownership, at least according to the state’s attorney general, Eliot Spitzer, who has launched a mortgage lending investigation after analyzing lending data obtained under the federal Home Mortgage Disclosure Act.”

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