Tag

Fair Housing Act

All articles tagged with #fair housing act

politics5 days ago•1 min saved

HUD probes Wells Fargo for race-based lending, sparking legal and political clash

The Trump administration’s Department of Housing and Urban Development (HUD) has opened a civil rights investigation into Wells Fargo, accusing the bank of violating the Fair Housing Act by using race-based criteria in its mortgage lending programs. HUD Secretary Scott Turner labeled the bank’s efforts to boost Black homeownership as 'immoral' and 'un-American,' arguing that such practices discriminate against other applicants. Wells Fargo, which pledged $150 million to reduce rates for minority borrowers, declined to comment. The probe follows a 2012 discrimination settlement and a 2020 report alleging ongoing bias. Critics, including fair housing advocates, argue the bank was following federal Special Purpose Credit Program rules designed to remedy historic exclusion. The move signals a broader federal crackdown on diversity, equity, and inclusion (DEI) initiatives in the financial sector.

via USA Today|

#diversity-initiatives #fair-housing-act #housing-policy

business5 days ago•46 min saved

HUD probes Wells Fargo over minority lending programs

The Trump administration's Department of Housing and Urban Development (HUD) has opened an investigation into Wells Fargo for alleged violations of the Fair Housing Act. The probe targets the bank's past initiatives designed to increase Black homeownership, which officials argue constitute illegal race-based discrimination. The move follows a 2012 settlement where Wells Fargo paid to resolve similar discrimination allegations.

via Yahoo|

#business #fair-housing-act #housing-policy

business5 days ago•10 min saved

HUD Opens Fair Housing Probe Into Wells Fargo’s Minority Lending Programs

The U.S. Department of Housing and Urban Development (HUD) has launched an investigation into Wells Fargo for alleged violations of the Fair Housing Act. The probe targets the bank’s past initiatives aimed at increasing Black homeownership, which officials argue constituted illegal race-based discrimination. Wells Fargo shares fell 1.5% following the announcement.

via The New York Times|

#business #discrimination #fair-housing-act

politics1 month ago•7 min saved

Trump rolls back Obama-era housing rule to curb costs and boost supply

The Trump administration scrapped an Obama-era HUD policy that expanded liability for accessibility design flaws in buildings, arguing it drove up costs and hindered affordable housing. The change redefines liability timelines, establishing a one-year window to file administrative complaints and a two-year limit for private lawsuits, tied to occupancy rather than construction. Industry data cited by HUD claim the old rule contributed millions in retrofit costs and reduced HUD-insured lending, and the administration contends rolling back the guidance will align enforcement with statutory limits and help expand housing supply and affordability.

via Fox News|

#affordability #fair-housing-act #housing

us-politics3 months ago•4 min saved

DOJ challenges Evanston reparations program as unconstitutional race-based aid

The Justice Department joined a lawsuit opposing Evanston, Illinois’s reparations program, arguing that awarding benefits based on race—designed to compensate Black residents for housing discrimination—violates the Equal Protection Clause and the Fair Housing Act. Evanston has distributed about $5 million in cash grants and housing assistance to 212 applicants, with eligibility limited to descendants of Black residents or people who experienced housing discrimination after 1969. The DOJ’s move, part of broader Republican concerns about race-conscious policies, frames the program as race discrimination rather than restorative policy.

via The New York Times|

#equal-protection #evanston #fair-housing-act

real-estate-discrimination2 years ago•8 min saved

Seller Retracts Condo Offer Upon Learning Buyer's Race

Dr. Raven Baxter, a Black molecular biologist, faced racial discrimination when the seller of a Virginia Beach condo attempted to back out of the sale upon learning her race. Despite federal laws prohibiting such discrimination, the incident highlights ongoing racial bias in the housing market. Baxter took to social media to share her experience, filed a discrimination claim, and sought legal advice. The real estate agents involved expressed shock and sympathy, and the sale is still set to close, but the incident underscores the persistent issue of racial discrimination in real estate.

via Yahoo! Voices|

#civil-rights #fair-housing-act #housing-discrimination

real-estate2 years ago•2 min saved

Seller Retracts Offer After Learning Buyer's Race

Dr. Raven Baxter, a Black molecular biologist, faced racial discrimination when a white homeowner in Virginia Beach attempted to back out of selling her a condo upon learning her race. Despite federal laws prohibiting such discrimination, the incident highlights ongoing racial bias in the housing market.

via The New York Times|

#fair-housing-act #housing-discrimination #racism

discrimination3 years ago•4 min saved

"Jacksonville Real Estate Company Faces Racial Discrimination Lawsuit Over Tenant Screening"

A lawsuit has been filed against JWB Property Management and JWB Real Estate Capital, accusing them of racial discrimination in their tenant screening process. The lawsuit alleges that the companies' reliance on tenant-screening algorithms disproportionately affects Black rental applicants. The plaintiffs claim that JWB violated the Fair Housing Act by rejecting their applications based on eviction filings, even if they were made in error or against a different person with a similar name. The companies deny the allegations and argue that they have legitimate reasons for their leasing policies. The plaintiffs are seeking refunds for their application fees and a jury trial.

via WJXT News4JAX |

#algorithm #discrimination #fair-housing-act

politics3 years ago•3 min saved

Florida's Chinese land ownership restrictions deemed unconstitutional by Justice Department

The U.S. Department of Justice has filed a statement of interest in federal court, stating that a new law signed by Florida Governor Ron DeSantis, which restricts Chinese citizens from owning property in the state, violates federal law and the U.S. Constitution. The DOJ argues that the law violates the Fair Housing Act and the Equal Protection Clause of the 14th Amendment, causing harm based on national origin and undermining constitutional rights. The law, which takes effect on July 1, designates seven nations as "foreign countries of concern" and imposes restrictions on property ownership for residents from those countries. The DOJ's involvement marks the latest conflict between the Biden administration and DeSantis, who is seeking the Republican nomination for president.

via POLITICO|

#chinese-land-ownership #department-of-justice #fair-housing-act

politics3 years ago•2 min saved

Florida Passes Bill Restricting Chinese Land Ownership

Florida Governor Ron DeSantis has proposed legislation that would ban Chinese citizens from owning land or property in the state, unless they are also a U.S. citizen or permanent resident, citing national security concerns. The bill has sparked backlash and protests, with opponents arguing it could violate the Fair Housing Act of 1968. Some Democrats support the legislation, while others argue it is unconstitutional and discriminatory. The bill also prohibits citizens of Russia, North Korea, Iran, Cuba, Venezuela and Syria from buying land within a mile of a military base or piece of critical infrastructure, though only Chinese nationals face a statewide ban.

via Newsweek|

#chinese-citizens #discrimination #fair-housing-act