Do BANKS give WHITE PEOPLE a higher cd interest rate than BLACK PEOPLE?
Answer:
CD rates are set by the amount of money you are willing to allow the bank to hold.
Interest rates are based on your credit not the color of your skin. I have bad credit so I know I would have high interest rates. Tiger Woods or Will Smith on the other hand.you get the idea
NO! They are not allowed to! Its called the ECOA- equal credit opportunity act and RESPA- that is discrimination. The ECOA states that banks and lenders can not discriminate against race, creed, ancestry, sex, age, marital status, or religion.
Yea they do, especially those internet banks that cannot see what you look like . duh
stop playing victim
No.
no - interest rates are the same for each person. Banks get audited on this by their federal regulatory agency. If a bank was ever caught doing this, they'd be out of business.
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