Analysis Reveals Racial and Economic Discrimination By Santander Bank
Already in hot water for lending practices, outlets of Santander Bank have recently come under fire for racial and economic discrimination, with government data and an analysis by an industry reform group revealing the bank has “denied mortgages to women, minorities and low-income borrowers in the U.S. Northeast more frequently than nearby banks.” The discrimination was discovered when the Committee for Better Banks, “a coalition of bank workers, consumer advocacy groups and unions” researched government data “on home loans in the U.S. Northeast, including nearly 10,000 Santander home-purchase applications.” What they found was “a disturbing pattern of racial and economic discrimination.”










