The Indianapolis Star reported that appraisers undervalued a Black resident s home because of her race.
This undervaluation dates back decades to when Black neighborhoods were deemed financially risky.
Lawmakers introduced legislation in recent months to combat racial disparities in homeownership.
With the pandemic-era ability to work from home, the desire for homeownership has been on the rise this past year, with a housing inventory crisis developing as a result.
But the Indianapolis Star reported last week that Black homeowners who want to put their houses on the market or seek lower mortgage rates are at a disadvantage just because of their race.
According to a
Hillsboro High School parent of teen daughters on the varsity volleyball team, the new Assistant Coach of the JV volleyball team, Beth Cady, distributed a flyer designed to entice the girls to get a COVID shot, while using their bodies as payment towards a chance at winning a Raffle drawing (lottery) for $600.00.
Click [
here] to view the flyer.
This has been described as illegal financial coercion of a group of minors and these minors were allegedly instructed by a teacher (Mrs. Conner), while passing out the flyers, that this is just like the flu shot and their fertility is not at risk. That teacher is not a medical professional.
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As LenderLaw Watch previously reported, the Office of the Comptroller of the Currency (OCC) issued its final rule on the True Lender doctrine in October 2020, addressing ambiguity in federal law and establishing that a national bank is the “true lender” of a loan when, as of the date of origination, (1) the bank is named as the lender to the loan agreement or (2) the bank funds the loan. This final “True Lender” rule, otherwise known as the
Madden fix, encourages lending partnerships between banks and non-banks, including FinTechs. The rule went into effect in December 2020.
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Last month, the US Office of the Comptroller of the Currency
( OCC ) finalized extensive revisions (the Revisions ) to its rules governing the activities and
operations of national banks, federal savings associations and
federally licensed branches of non-US banks ( Federal
Institutions ).
1 While many of the changes are
procedural or cosmetic, a number codify or clarify substantive
authorities and will affect the day-to-day operations of Federal
Institutions. The Revisions are effective on April 1, 2021.
As the chartering authority for Federal Institutions, the OCC
establishes rules that govern activities and transactions. These