The spate of foreclosures that led to the housing crisis was triggered by predatory lenders targeting poor minority neighborhoods, according to a new study cited by Reuters.
The study published in the American Sociological Review found that racially segregated minority neighborhoods were beset with unreasonable fees and interest rates by lenders beginning in the 1990s.
Because lenders could pool high- and low-risk loans to sell on the secondary market, the study’s authors say, minority areas tended to have lenders that “charge high fees and usurious rates of interest” – such as pawn shops and check cashing services.
From <a href="http://hellobeautiful.com/2015/12/22/sandra-bland-family-non-indictment/" target="_blank"><strong>Sandra Bland</strong></a> to the shootings in <a href="http://hellobeautiful.com/2015/06/20/why-is-south-carolina-using-a-judge-in-the-charleston-church-massacre-who-has-used-the-n-word-before/" target="_blank">Charleston, South Carolina</a>, African Americans were sadly reminded that being <a href="http://hellobeautiful.com/2015/12/13/police-brutality-2015/" target="_blank">Black in America</a> is much harder than it ought to be. And yet in the same breath, 2015 was a year of Black joy during which our culture dominated not only in our lives, but in the mainstream consciousness. From <a href="http://hellobeautiful.com/2015/07/16/lee-daniels-and-taraji-p-henson-emmy-empire/" target="_blank">Cookie Lyons</a> to the <a href="http://hellobeautiful.com/2015/10/17/ebony-editor-comments-cosby-cover/" target="_blank">Cosby <em>Ebony </em>cover</a>, our brilliance helped to push the conversation, affirm our greatness, make history and most important, make us laugh.
So to celebrate that greatness, we put together this list of the most defining Black pop culture moments of 2015. And don’t worry: <a href="http://hellobeautiful.com/2015/12/08/rachel-dolezal-interview/" target="_blank">Rachel Dolezal </a>is nowhere to be seen.