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Meg Vaillancourt reports on a study accusing Boston banks of engaging in redlining
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[Study finds Boston banks guilty of redlining]
Original Airdate: 8/31/1989

Length: 00:02:53
Item Type: newstape - edited story master

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Description : Abstract
Meg Vaillancourt reports that the Federal Reserve Bank has released a study finding that banks in Boston are guilty of redlining. Vaillancourt notes that three times as many mortgages are approved in Boston's white neighborhoods as in African American neighborhoods. Vaillancourt reviews the findings of the study. Vaillancourt interviews African Americans on the street. They talk about their experiences in applying for mortgages. Vaillancourt reports that African Americans earn less than whites on average. She adds that these economic factors do not explain the gap in mortgage lending practices. Vaillancourt interviews Joseph Kennedy (US Congressman). Kennedy condemns redlining practices. He adds that banks should not practice discrimination, noting that many banks receive federal funds. Vaillancourt reports that Boston banks have agreed to change their lending practices. She adds that meetings between community activists and banks are scheduled for next month. Vaillancourt's report is accompanied by footage of employees and customers in banks and shots of residential homes.

Format : Tape 6731   Barcode   Script is available.
3/4" cassette 103003 
VHS cassette 105714 
Betacam cassette 105713 
digital betacam cassette 105712 

Subject : Keywords
Banks and Banking

Subject : Personal Names
Kennedy, Joseph
Vaillancourt, Meg

Subject : Corporate Names (Organization names)
Federal Reserve Bank

Type : Genre
News - Television

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