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NAACP: Bailout Mortgage Plan Is Too Little Too Late for the Majority of African American Borrowers [USA]
Author: NAACP [USA]
The National Association for the Advancement of Colored People (NAACP)...filed a class action lawsuit in July against a dozen major subprime lenders alleging institutionalized racism in lending practices... Seven additional lenders were added to the...
- Related companies: ACC Capital Holdings Citigroup Countrywide Financial (part of Bank of America) First Horizon General Electric GMAC (now Ally Financial) H&R Block HSBC J.P. Morgan (part of JPMorgan Chase) JPMorgan Chase Lehman Brothers Merrill Lynch (part of Bank of America) SunTrust Banks Washington Mutual
Author: Juliana Barbassa, Associated Press
Subprime lenders that went out of business with the industry's collapse targeted minority neighborhoods, leaving them to struggle disproportionately with foreclosures and crumbling home values, according to a new report...[by] the Neighborhood...
Author: NAACP [USA]
Studies show African Americans are given more costly, riskier loans regardless of credit history or income... NAACP units across the country participated in a national ‘Day of Action’ against discriminatory mortgage lending today by demanding that...
[PDF] Assessing the contribution of the OECD Guidelines for Multinational Enterprises to responsible business conduct
Author: Joris Oldenziel (SOMO), Joseph Wilde-Ramsing (SOMO) & Patricia Feeney (RAID)
This report assesses the contribution of the OECD Guidelines to responsible business conduct, sustainable development, and the resolution and reduction of conflicts between companies and communities regarding social issues, environmental concerns, and...
- Related stories: 10th OECD roundtable on corporate responsibility to focus on supply chains, human rights, environment & climate change (Paris, 30 Jun - 1 Jul) OECD Watch new report: "Assessing the contribution of the OECD Guidelines for Multinational Enterprises to responsible business conduct"
- Related in-depth areas: Latest news on Pacific Business & Human Rights
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