The two sides of lending; does NationsBank play good cop and bad cop with borrowers? (mortgage rate discrimination investigated)

From: U.S. News & World Report | Date: December 9, 1996| Author: Mallory, Maria | Copyright information

NationsBank is lauded as a fair lender and one that is committed to serving the poorer neighborhoods of Atlanta, GA. But the bank's sister company, NationsCredit, is under attack for charging minority customers interest rates that are 4 to 8 points above what the average bank charges.

In October, NationsBank South Chairman Hugh M. Chapman spoke at First Iconium Baptist Church in Atlanta before a mainly nonwhite crowd of 10,000 who jammed the church sanctuary and spilled over to a gy...

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