BAW: Bank of America Shuts Out Minorities

From BAW.com:

"A study released by the Service Employees International Union (SEIU) found that Bank of America has few bank branches in minority neighborhoods and offers more mortgage loans to whites than African Americans or Latinos."

The study, issued last week, examined the bank's pattern of bank branches against its top two competitors in Buffalo, Chicago, Detroit, New York, Philadelphia, and St. Louis, which revealed it fails to locate bank branches in majority minority neighborhoods regardless of the proportion of area residents who are minority...and Bank of America is more likely to be the mortgage lender for a white borrower than for a black American in all the cities examined." Read On...