Oldest Community Bank in the U.S. to Pay Millions Due to Discriminatory Practices Toward Black Neighborhoods
Here at The Root, we've previously reported how challenging it is for Black people to secure a mortgage . Recent data has shown that Black mortgage...
Here at The Root, we've previously reported how challenging it is for Black people to secure a mortgage . Recent data has shown that Black mortgage applicants are much more likely to be denied than white applicants . It's made it much more difficult for Black people across the country to buy property they are interested in. But for some Black people, it may have gotten a little easier. The Washington Trust Company, a community bank in Rhode Island, recently agreed to pay $9 million after it was accused of being discriminatory in its lending practices.