Race-Based Lending: The Right Way to Promote Social Justice?
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Race-Based Lending: The Right Way to Promote Social Justice?

By JARED WHITLEY The Neighborhood Assistance Corporation of America (NACA) has announced a lending program for minority-owned businesses it calls “Economic Justice Loans,” with the stated goal of helping historically underserved populations build generational wealth. The political-progressive organization’s action raises the question of whether people of color are still being denied access to credit in 2022. “This…

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