Federal Reserve Chair: Discriminatory Lending Made Housing Crisis Worse For Minorities

Federal Reserve Chair: Discriminatory Lending Made Housing Crisis Worse For Minorities: Discriminatory lending policies made the housing crisis worse for African-American and Latino borrowers, Federal Reserve Chairman Ben Bernanke told a financial summit held Thursday in Atlanta. The housing crisis and economic slump followed the “unfortunate pattern” of “disproportionately affecting” minorities, Bernanke said, pointing to the fact that black home ownership rates have fallen five percentage [...]/p