Wells Fargo Rejected More Than Half Black Mortgage Applicants
Less than half of Black applicants for mortgage refinancing with Wells Fargo, the biggest bank mortgage lender, were approved in 2020. Nationwide, only 47 percent of Black homeowners who completed the applications were approved, compared to 72 percent of white applicants, according to Bloomberg’s analysis. Looking at other major lenders, JPMorgan Chase & Co. accepted 81 percent of refinancing applications by Black homeowners in 2020 and 90 percent from white homeowners in the same year.
Wells Fargo is now being sued for discriminating against Black homeowners.
To read more:
https://www.bloomberg.com/graphics/2022-wells-fargo-black-home-loan-refinancing/?sref=TEalMtQ2
Transgender Swimmer Beats Two Olympic Medalists
University of Pennsylvania swimmer, Lia Thomas, who has faced a lot of backlash for her switch from competing in men events to female events, made history Friday, March 18 as the NCAA’s first-ever trans champion in Division I. The 22-year-old senior finished the 500-yard freestyle final just over a second faster than second-place finisher Emma Weyant. Olympian Erica Sullivan took third place.
Thomas competed for UPenn’s men’s swimming team for three years before undergoing hormone therapy and transitioning in 2020. She has since broken a number of national women’s swimming records in the US, including the 200-meter and 500-meter freestyle records. Many have blamed Thomas though for other swimmers not being able to qualify to race.
To read more:
https://www.insider.com/trans-swimmer-lia-thomas-beats-olympic-medalists-wins-ncaa-title-2022-3
https://nypost.com/2022/03/20/ncaa-swimmer-calls-for-rule-change-after-losing-to-lia-thomas
Justice Thomas Hospitalized With Infection
Supreme Court Justice Clarence Thomas was admitted to Sibley Memorial Hospital in Washington, D.C. on Friday evening after what was said to have been “flu-like symptoms.” A spokesperson for the Supreme Court confirmed the Justice does not have Covid-19, and, after undergoing tests, he was diagnosed with an infection. Thomas is being treated with intravenous antibiotics and is expected to be released from the hospital in a day or two.
To read more:
https://www.cnn.com/2022/03/20/politics/clarence-thomas-hospitalized/index.html
https://www.nytimes.com/2022/03/20/us/politics/clarence-thomas-hospitalized.html