Banks Blocking Out Minorities and Their Rights Through Redlining

Recently I have come across an article that talked about how the Attorney General in New York is now suing Evans Bank due to racial discrimination on the bank’s rights. Evans Bank has been denying more loans and accounts to people in the east side section of Buffalo more than any other bank by what is known as “substantial margins.” The president of Evans Bank, David Nasca, although denying an opportunity at an interview, a statement had been released stating how Evans Bank has not done anything wrong and has complied at all times with the comptroller of currency. The east side of Buffalo is home to more minorities of african american culture and crime rates are higher in this area. This leads many to believe that Evans does not want business going through to that section of the city because it would lead to a downfall in profits. Unfortunately for Evans Bank the study shows that it was not delegated to the east side and rather it has affected many impoverished areas of Buffalo. This is more alarming because it shows how this does not have as much to do based on region but more based on race and not actual socioeconomic factors. The Attorney General is also taking this further by investigating all banks in the region and not solely focusing on Evans Bank alone.  

http://www.wgrz.com/story/money/2014/09/02/evans-bank-sued-racial-discrimination/14986133/