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You are here: Home / Archives for CFPB

Hold up with new federal financial bureau may harm communities of color

September 22, 2011 By Stacy Nguyen

By Stacy Nguyen Northwest Asian Weekly New 2010 Census data show that the housing bust has hit some communities of color the hardest.<!–more–> Blacks, Latinos, and Asian immigrants were more likely to take out subprime loans during the housing boom. Subprime loans generally featured low initial interest rates that skyrocketed some years later. Some borrowers […]

Filed Under: Business, Community News Tagged With: 2011, 2012, Ally Financial Inc, Asian Americans, Asian Outlook, Asian Pacific Fund, CFPB, Citigroup Inc, Community Reinvestment Program, Fall Winter, Federal Reserve, Graciela Aponte, Greenlining Institute, Hurricane Relief Program Director Deborah Goldberg, National Fair Housing Alliance, Northwest Asian Weekly, Preeti Vissa, Raj Date, Richard Cordray, Vol 30 No 39 | September 24 - September 30

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