“Predatory mortgage lenders started by targeting Black and Brown communities where they began climbing away at the hard-earned wealth of Black and Brown families. And too few people in power could be relied on to care: not the investors making money hand over fist, not the regulators who were cozy with the banks; not the pundits who blamed the borrowers; not the lenders who were boosting their products,”
For much of Black America, access to fair and responsible credit has been an elusive promise. Whether as consumers seeking the pride of homeownership or businesses seeking to begin or expand, securing credit remains an age-old, arduous and often frustrating pursuit – despite a slew of federal and state laws enacted to overcome these long-standing racial disparities.
the group of lawmakers seek to know what prompted Mr. Mulvaney’s actions as well as his ties to the payday lending industry.
Congresswoman Maxine Waters (D-CA) was re-elected unanimously last Friday, by the Democratic Caucus to serve as Ranking Member of the Committee on Financial Services for her third term.