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2008 all over again? BofA just launched a test of zero-down-payment, zero-closing cost mortgages for...
MoneyWise via Yahoo Finance· 2 years agoA major American bank has launched a new program to help first-time minority buyers finance a home...
How race impacts credit: the history and effect on lending practices
Bankrate via Yahoo Finance· 10 months agoKey takeaways Lending discrimination is not new, but policies like the Equal Credit Opportunity Act...
Fintech lender SoLo Funds is being sued by the government over its lending practices
TechCrunch· 2 weeks agoThe Consumer Financial Protection Bureau (CFPB) is suing SoLo Funds, a fintech company that enables...
New Loan Discovery Platform Bags Announces $2.5 Million Seed Financing To Boost Diverse and Woman...
Black Enterprise via Yahoo Finance· 2 years agoBags, a small business loan discovery and management platform, announced today the close of its $2.5...
Subsidized loans available for Delawareans impacted by redlining after $20M settlement
Delaware Online | The News Journal via Yahoo News· 2 years agoTrident Mortgage Company, owned by Berkshire Hathaway, must provide mortgage subsidies of up to...
Michigan Senate overwhelmingly backs 36% APR cap on payday loans
Detroit Free Press via Yahoo News· 3 months agoLawmakers in the Michigan Senate passed legislation Thursday to set a 36% annual percentage rate cap...
Black Americans, Share Your Stories About Today's Housing Market
BuzzFeed via Yahoo News· 3 weeks agoThe most crucial part of building generational wealth in America is land ownership. Riska / Getty...
Critical factors to consider when taking out payday loans amidst soaring inflation
Bankrate via AOL· 2 months agoKey takeaways Wages haven’t fully caught up to inflation, which means your paycheck doesn’t pay for...
Biden vetoes lawmakers’ efforts to roll back CFPB data collection rule
Banking Dive via Yahoo Finance· 5 months ago“If enacted, this resolution would harm all those that stand to benefit from expanded transparency...
Zero-Down Mortgages? How Big Banks Are Supporting Homeownership
Penny Hoarder via AOL· 2 years agoBank of America recently announced a trial program that offers zero-down mortgages in minority...