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As has been pointed out, it's not illegal when it comes to insurance. I'm not sure it's illegal when it comes to lending. Honestly, I'm a little confused by so

As has been pointed out, it's not illegal when it comes to insurance. I'm not sure it's illegal when it comes to lending. Honestly, I'm a little confused by some of these equality laws. I'm pretty sure that the law can't compel you to make a loan you don't want to make, whether there is a good reason on not. I think you just can't say the denial was for a racial reason or gender reason or whatever. But even if those things were at the heart of your decision, so long as you don't say it, is that even illegal? And in this case, I'm talking about private companies who don't have connection to US government. (ie: I think if you're government ensured or whatever, they have more power to compel specific behavior.)

ignostic 13y ago
It is illegal when it comes to lending. See the section on disparate impact. http://www.occ.gov/topics/consumer-protection/fair-lending/index-fair-lending.html http://www.occ.gov/topics/consumer-protection/fair-lending/i...
- deleted 13y ago
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markdown 13y ago
> But even if those things were at the heart of your decision, so long as you don't say it, is that even illegal? Yes, absolutely. If you want the right to set up a business to serve the people of the nation, the people have decided that you can do so, so long as you serve them without regard to color, gender, etc. Our forefathers made these laws because they saw that given the opportunity, entities with a profit motive will pursue profit over all else, to the detriment of society as a whole. It was seen that when discrimination occurs, society as a whole suffers. I don't want my neighbor to go broke and let his house fall apart because he married a black woman from a hellhole in detroit.
- elmuchoprez 13y ago
  "Our forefathers made these laws because they saw that given the opportunity, entities with a profit motive will pursue profit over all else, to the detriment of society as a whole." Half of our "forefathers" built fortunes on the backs of slaves. They got plenty of other things right, but many of them missed the mark on racial and gender equality.
  - markdown 13y ago
    I'm guessing that you misread forefathers as "founding fathers", but still, you're giving greater credence to my argument. In abolishing slavery, lawmakers in 1865 made it clear that regardless of how profitable slavery was for slave-owners, it was bad for mankind and would not be tolerated.
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ignostic 13y ago

It is illegal when it comes to lending. See the section on disparate impact. http://www.occ.gov/topics/consumer-protection/fair-lending/index-fair-lending.html http://www.occ.gov/topics/consumer-protection/fair-lending/i...

deleted 13y ago
[deleted]

markdown 13y ago

> But even if those things were at the heart of your decision, so long as you don't say it, is that even illegal? Yes, absolutely. If you want the right to set up a business to serve the people of the nation, the people have decided that you can do so, so long as you serve them without regard to color, gender, etc. Our forefathers made these laws because they saw that given the opportunity, entities with a profit motive will pursue profit over all else, to the detriment of society as a whole. It was seen that when discrimination occurs, society as a whole suffers. I don't want my neighbor to go broke and let his house fall apart because he married a black woman from a hellhole in detroit.

elmuchoprez 13y ago
"Our forefathers made these laws because they saw that given the opportunity, entities with a profit motive will pursue profit over all else, to the detriment of society as a whole." Half of our "forefathers" built fortunes on the backs of slaves. They got plenty of other things right, but many of them missed the mark on racial and gender equality.
- markdown 13y ago
  I'm guessing that you misread forefathers as "founding fathers", but still, you're giving greater credence to my argument. In abolishing slavery, lawmakers in 1865 made it clear that regardless of how profitable slavery was for slave-owners, it was bad for mankind and would not be tolerated.
  - deleted 13y ago
    [deleted]