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Full-Text Articles in Law
Measuring Identity Theft At Top Banks (Version 1.5), Chris Hoofnagle
Measuring Identity Theft At Top Banks (Version 1.5), Chris Hoofnagle
Chris Jay Hoofnagle
There is no reliable way for consumers, regulators, and businesses to assess the relative rates of identity fraud at major financial institutions. This lack of information prevents a consumer market for bank safety from emerging. As part of a multiple strategy approach to obtaining more actionable data on identity theft, the Freedom of Information Act was used to obtain complaint data submitted by victims in 2006 to the Federal Trade Commission. This complaint data identifies the institution where impostors established fraudulent accounts or affected existing accounts in the name of the victim. The data were aggregated and used to create …
From Credit Denial To Predatory Lending: The Challenge Of Sustaining Minority Homeownership
From Credit Denial To Predatory Lending: The Challenge Of Sustaining Minority Homeownership
Patricia A. McCoy
Years of discriminatory behavior against minority households have damaged their ability to build wealth. One of the most financially destructive practices endured by minority households is the excessive overpayment to finance a home purchase or access accumulated equity in a home. The market conditions that position blacks, and to a lesser extent, Latino households, to be the principal targets of predatory mortgage lending have their roots in decades of legally sanctioned housing market discrimination. Some minority households lack the financial knowledge or awareness to protect themselves. In other cases, years of discriminatory financial practices have contributed to rendering them ineligible …