Fall 2020

Impact of race on personal finances

  Economic inequities: The impact of systemic racism on your finances  
  Consumer Action examines areas of personal finance--from car and student loans to mortgages and auto insurance--affected by systemic racism and considers some solutions toward dismantling financial racial injustice. Read the story.  

  Unstacking the deck of discrimination  
  Black consumers trying to achieve financial security through mainstream financial institutions have been thwarted every step of the way; changemakers are hoping now is the time for greater financial inclusion. Read the story.  

  The enduring financial injustice of mortgages denied because of race  
  Unequal access to housing and mortgage loans is "by design" some say. Consumer Action examines redlining, fair housing gains and losses, and reports on what protections consumers have today. Read the story.  

  Unfair loans hobble Black borrowers  
  Decades of unfair lending practices have left Black consumers justifiably wary of traditional lenders. Consumer Action offers some steps toward achieving financial security. Read the story.
 
  Discriminatory insurers take Black drivers for a ride  
 
Studies show that, despite anti-discrimination laws, automobile insurers charge Black drivers higher insurance premiums than their white counterparts with similar driving records. Read the story.  

  Racism and the student loan debt crisis  
  The promise of a better future through higher education is heavily impeded by race-related inequities. Read the story.  

Consumer Action
www.consumer-action.org

Consumer Action has been a champion of underrepresented consumers nationwide since 1971. A nonprofit 501(c)(3) organization, Consumer Action focuses on financial education that empowers low- and moderate-income and limited-English-speaking consumers to financially prosper.

By providing financial education materials in multiple languages, a free national hotline and ongoing financial services research, Consumer Action helps consumers assert their rights in the marketplace and make financially savvy choices.

Advice and referral hotline

Submit consumer complaints to our hotline:
English: [link removed]
Spanish: [link removed]
(415) 777-9635
Chinese, English and Spanish spoken

© Consumer Action 2020

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