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Home » Store » Taxable » National Banks Show Greatest Price Disparities, Study Shows

National Banks Show Greatest Price Disparities, Study Shows

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Minority customers who received mortgages from national banks in the largest subprime market – California – in 2004 were more likely than minority customers at other types of institutions to get a high-price mortgage, a new report by the California Reinvestment Coalition reveals. The findings of the study, which analyzed data submitted by lenders under the federal Home Mortgage Disclosure Act, are likely to stoke an ongoing debate over federal preemption that heated up…
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