Black Loan Applicants Rejected At Black-Owned Banks (278)
KNOXVILLE, Tenn. — Black-owned banks reject home loans for blacks at twice the rate of conventional banks, a University of Tennessee study shows. Dr. Harold Black and Dr. Cary Collins, UT-Knoxville finance professors, looked at 627 applications from 32 black-owned banks and 2,163 at 49 white-owned banks, comparing banks that had similar size, location and