Why does race matter so profoundly for health? David R. Williams developed a scale to measure the impact of discrimination on well-being, going beyond traditional measures like income and education to reveal how factors like implicit bias, residential segregation and negative stereotypes create and sustain inequality. In this eye-opening talk, Williams presents evidence for how racism is producing a rigged system — and offers hopeful examples of programs across the US that are working to dismantle discrimination.
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When the Consumer Financial Protection Bureau looked into the Mississippi-based regional bank BancorpSouth, it didn’t just review thousands of loan applications. It sent in undercover operatives — some white, some black — who pretended to be customers applying for loans.
“They had similar credit scores and similar background and situations,” says CFPB Director Richard Cordray. “Our investigation had found that BancorpSouth had engaged in illegal redlining in Memphis, meaning refusing to lend into specific areas of the city.”
That is, neighborhoods where most residents were African-Americans or other minorities. Cordray says on top of that, the bank “charged African-American customers higher interest rates for mortgages than similarly situated white applicants.”
He also says the bank denied loans to African-American applicants more often than white applicants — nearly twice as often in relative terms, according to the complaint.
When regulators get people to pose as customers, it’s called “testing.” This case marks the first time the CFPB has said it is using testers for enforcement. It just disclosed that earlier this summer when it announced a $10.6 million settlementwith BancorpSouth.
America’s foreign and domestic policy hinges to an insane degree on a killer’s name and religion
Source: Why are we so obsessed with the race and religion of mass killers?