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The shaky legal ground of Bank of America’s new race-based mortgage program

North Carolina’s largest corporation, Bank of America, received pushback after announcing last week they created a home loan program only available in black and Hispanic neighborhoods. Legal scholars told Carolina Journal that the program appears to violate federal civil rights laws by favoring certain racial groups over others. Bank of America, however, told Carolina Journal that the loans are legal under an exception in lending law.

David Larson
News

Looking for Philanthropic Leaders in NC

RALEIGH — We are fortunate to live in a state that has a rich philanthropic history. Perhaps it is because we are in “God’s country” and are taught as youngsters to share with those less fortunate or it could be that North Carolina knows corporate philanthropy is just good business. For years companies have provided funding, volunteers, and in-kind resources to support education, health care, and a myriad of other causes with varied levels of effectiveness. Today, corporate philanthropy is a critical part of North Carolina’s success in meeting the needs of millions of citizens.

Paige Holland Hamp

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