Black Press International Business/Economic Feature Week of January 1, 2012 BUSINESS EXCHANGE: "Black Press International Business/Economic Feature Week of January 1, 2012
BUSINESS EXCHANGE
By William Reed
WHEN ARE WE GOING TO ADMIT THAT RACE IS STILL AN ISSUE IN AMERICA?
When Are We Going to Admit That Race is Still an Issue in America?
The NAACP's allegations are totally unfounded and reckless. We have never tolerated, and will never tolerate, discrimination in any way, shape or form in any of our business practices, products or services. – Wells Fargo Spokeswoman – 2009
Back in 2009 the National Association for the Advancement of Colored People (NAACP) filed a class action suit to stop lenders from engaging in "systematic, institutionalized racism in making home mortgage loans.” The NAACP suit specifically named: Ameriquest, Wells Fargo, Fremont Investment, Option One Mortgage (H&R Block,) WMC Mortgage, Countrywide, Long Beach Mortgage, CitiGroup, BNC Mortgage, Accredited Home Lenders, Encore Credit (Bear Stearns,) First Franklin, HSBC, and Washington Mutual as modern practitioners of discrimination."
BUSINESS EXCHANGE
By William Reed
WHEN ARE WE GOING TO ADMIT THAT RACE IS STILL AN ISSUE IN AMERICA?
When Are We Going to Admit That Race is Still an Issue in America?
The NAACP's allegations are totally unfounded and reckless. We have never tolerated, and will never tolerate, discrimination in any way, shape or form in any of our business practices, products or services. – Wells Fargo Spokeswoman – 2009
Back in 2009 the National Association for the Advancement of Colored People (NAACP) filed a class action suit to stop lenders from engaging in "systematic, institutionalized racism in making home mortgage loans.” The NAACP suit specifically named: Ameriquest, Wells Fargo, Fremont Investment, Option One Mortgage (H&R Block,) WMC Mortgage, Countrywide, Long Beach Mortgage, CitiGroup, BNC Mortgage, Accredited Home Lenders, Encore Credit (Bear Stearns,) First Franklin, HSBC, and Washington Mutual as modern practitioners of discrimination."
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