America and its racist history in banking

America’s Racist Banking History

Business Money Making

In America today, for every $100 of white family wealth, black families only have about $5.04. It’s a direct result of centuries of racist banking policies and practices that systematically kept black Americans from opportunities to prosper. Take a look at our list of Black Owned Banks. Let’s defeat the system.

Fifty years after the federal Fair Housing Act banned racial discrimination in lending, blacks and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.