This podcast episode examines redlining, a discriminatory practice that has hindered homeownership for people of color in the United States. Despite the Fair Housing Act of 1968, discrimination persisted, prompting the passage of the Community Reinvestment Act (CRA) in 1977 to address lending inequalities. However, criticisms of the CRA's effectiveness and its failure to keep pace with technology have led to the implementation of new rules. These new rules aim to modernize the CRA, ensure banks fulfill their lending obligations, and prevent redlining. However, the American Bankers Association's lawsuit against these new rules highlights the ongoing challenges in addressing discriminatory practices in lending.
