Law firms test ‘Mansfield rule’ to promote more women and minorities into leadership roles
ABA Journal Daily News
ABA Journal Daily News
For more than a dozen years, Wells Fargo discriminated against African-Americans and Latinos by intentionally pushing them into higher-cost mortgages, according to a lawsuit filed by the city of Philadelphia. Wells Fargo's “longstanding” discriminatory practices in Philadelphia caused foreclosures to increase and resulted in the loss of vital tax revenue, the lawsuit argues. Foreclosure News
In this Friday, June 17, 2016, photo, Carmen Ramirez, and her husband, Ricardo Ramirez, embrace in their room at the Bronxwood Home for the Aged, in the Bronx borough of New York. A series of emergency expenses were enough to cost Carmen and Ricardo Ramirez their one-bedroom condominium in Washington Heights, a neighborhood close to […]
” When the U.S. housing bubble peaked a decade ago, soon to burst with far-reaching consequences, the pain was particularly severe for black and Hispanic Americans. A disproportionate number of minorities succumbed to subprime mortgages and foreclosures and lost their homes. Foreclosure News
Millennials and non-whites make the strongest association between owning a home and the American dream, according to a survey from Zillow. The semi-annual Housing Confidence Index poll, released Tuesday, found that 65% of people 18-34 years old agree with the connection between homeownership and achieving the American dream. Foreclosure News
Middle-class African-Americans and Hispanics are disproportionately falling behind on student loan payments, signaling that higher education is failing to ward off financial instability for minorities, according to newly released data. Researchers at the Washington Center for Equitable Growth analyzed delinquency rates, average loan balances and median income at a ZIP-code level and found higher numbers […]