Acorn intimidating banks

26-Jun-2020 20:33

In fact, according to housing experts, a large number of subprime loans were not made under the CRA.

Also, during the 2008 presidential and general election, the media falsely linked ACORN's voter registration campaign to allegations of voter fraud.

In the debate over the 2009 American Recovery and Reinvestment Act, the media repeatedly claimed that the bill contained language to funnel money to fund ACORN.

However, the act does not mention ACORN or otherwise single it out for receiving funding, and ACORN itself has said that it is ineligible for the funds and has no plans to apply for them.

They frequently worked with victims of predatory lending as well as those who were facing serious and unexpected financial hardships. Darrell Issa, the top Republican on the House Oversight & Government Reform Committee, released the report, which is a follow-up to one he released in July called, "Is ACORN Intentionally Structured as a Criminal Enterprise?""Perceptions that ACORN is a charitable organization are simply wrong, and part of ACORN's efforts to deceive the American people," Issa said in a written statement.We hope that this report serves as a wake-up call that we must no longer be used as a kicking post." During the 2008 financial crisis, several in the media claimed, suggested or uncritically reported that ACORN contributed to the housing crisis by bullying banks into irresponsible lending to minorities.

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For example, the media has falsely asserted that much of the housing crisis was caused by ACORN intimidating banks under the Community Reinvestment Act (CRA) to lend loans to minorities and the poor, all of whom could not make payments.The NC Republicans claimed they couldn’t possibly meet that deadline, that work hadn’t even started yet on the new maps.

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