On October 21, 2025, TexasWorks, a tuition-free diploma and career certification program for adults, held a ribbon-cutting ceremony at its Fort Worth (Southside) campus,...

House Minority Leader Hakeem Jeffries has accused congressional Republicans of “covering up for pedophiles,” as the party continues to block a measure forcing the...

By Lauren Burke Carolyn Jean Cheeks Kilpatrick, an assertive advocate for Detroit and Black owned businesses, died on October 7 in Atlanta. She was 80. The...

People in the News

Wednesday, October 22, 2025

People in the News

Wednesday, October 22, 2025

JP Morgan facing discrimantory lending lawsuit for pushing minorities to risky loans

jpmorganThe city of Los Angeles filed a lawsuit against JPMorgan on Friday, May 30, that accuses the bank of discriminatory lending practices. The suit alleges that JPMorgan pushed minority borrowers toward risky home loan products, eventually resulting in “a foreclosure wave that hammered property values and city coffers,” reported the Los Angeles Times.

The city also levied similar suits against Wells Fargo, Citigroup and Bank of America last year, reported Bloomberg. Wells Fargo attempted to have its suit thrown out, but a Los Angeles judge ruled against the bank last week, meaning the case will go to court.

Read more: JPMorgan Accused of Discriminatory Home Lending by City of Los Angeles