By: Rick Galen
What are the two primary economic inequities facing people of color? We know the list is long, but two things stand out above the rest: access to bank capital and high interest rates on personal loans. Continue reading →
In 1968, President Lyndon B. Johnson signed the Fair Housing Act into law. This act was intended to end the practice of redlining, a term that dates back to the 1930s. At that time, federal agencies denoted certain neighborhoods as “unfit” for investment by marking them on maps with red ink. Residents of these neighborhoods, who were predominantly racial or religious minorities, were unable to secure loans to buy houses or start small businesses.