Bank of America is offering zero down ... threatened to deepen the alarming divide between White homeownership and that of minorities. Black homeownership stood at just 43.4% at the end of 2020 ...

A range of interrelated factors may help explain why Black millennials lag in building household ... lower wages than their White counterparts and struggles to gain bank financing when starting ...

So, Black banks have had difficulty building the deposits necessary ... rebranded itself as an unapologetically Black bank. “We are not a white bank with a Black face,” she asserts.

The racial wealth gap in the US is stark. For every $1 of wealth held by a white family, a Black family had just $0.25 in 2022, according to the Federal Reserve Bank of St. Louis. Black families ...

The study is part of Access Commitment, a series of initiatives across U.S. Bank to increase wealth-building opportunities, starting with the Black community. “The study revealed an eight-to-one ...

Black and Hispanic homeowners face a number of additional obstacles when buying homes compared with white homeowners ... credit-building opportunities. It was also critical that Bank of America ...

“Remedial provisions in the agreement will open up opportunities for building ... all in majority white neighborhoods and the bank designated a service area that excluded Black and Hispanic ...

A New Jersey-based bank ... Black and Hispanic census tracts in the Newark (area) from obtaining mortgage loans, while acting to serve the credit needs for mortgage loans in majority white census ...

White households are now 40% more likely to be able to afford to buy a home compared with Black households, the association said. Bank of America and other major financial institutions like Wells ...