America’s Housing Market Is Racist, Congress Could Easily Fix It

  • Black borrowers are 80% more likely to be denied a mortgage than white borrowers.
  • The Fair Lending for All Act would establish a new federal office to ensure discrimination in lending is not happening.
  • The bill would help end discriminatory practices by clarifying that discrimination based on zip code or census tract is prohibited under ECOA.
  • This is an opinion column. The thoughts expressed are those of the author.

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