A lawsuit filed against a bank in the state of New York alleges it offered better terms and higher loan amounts to white customers than better qualified black customers.
A nonprofit civil rights organization determined from Home Mortgage Disclosure Act data that only 2.5 percent of Ulster Savings Bank’s mortgages were made to blacks.
So the nonprofit sent testers to apply for home loans at the bank. Black testers reportedly had higher incomes, more assets, less debt and higher credit scores than whites.
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