[lbo-talk] Fwd: Racist Bank of America

andie nachgeborenen andie_nachgeborenen at yahoo.com
Tue Jul 29 14:54:30 PDT 2003


--- Doug Henwood <dhenwood at panix.com> wrote:
> Tom Roche wrote:
>
> > > Did you know that in North Carolina and a few
> other states, it's
> >> legal for banks to charge certain customers
> special fees, even if
> >> it's clear that these fees are racially
> discriminatory?
>

If the fees are racially discriminatory, it's a violation of federal law -- Fair Credit Act (probably) and associated regs, among other things -- and if the state has legally validated or ratified this action, that's what the 14th Amendment is for: No State shall deny and person . . . the equal protection of the laws.

jks

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