Activists say Bank of America uses law loopholes to discriminate in lending

Activists from the Chicago-based National People's Action protested yesterday outside Bof ank of America headquarters. They want the bank to stop giving money to payday lenders, some of which prey upon low-income people who are unable to get loans elsewhere. The group  urged Bank of America to invest more in foreclosure prevention programs.

National People's Action also demanded reform of the Community
Reinvestment Act, which was passed to protect low-income communities
from redlining and predatory lending. Their new report
shows how big banks use loopholes in the law to engage in
discriminatory lending through smaller lending companies without it
showing up on their record. 

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  • Didn't we already go through this once already?? Tell the "activists" to open up a lending institution and everyone can go there.Stop with the social justice crap all this does is end with more people getting something for nothing.How about a little self responsibility.There are banks,open up an account and use that facility.

  • Did a little checking.Our pals in the democratic party ,barney frank,chris dud have more than a little to do with the present legislation.Oh yea,so does the white house.Do your own homework don't just take my word.These people are not our friends.

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