Florida Hunger Strike Over Bank of America's Minority Lending
The Florida Minority Community Reinvestment Coalition (FMCRC) believes the bank's practices violate the spirit of the Community Reinvestment Act of 1977, which was passed to prevent banks from denying loans to people in underserved areas -- a practice known as "redlining."
Rob Kuznia, Hispanic Business, in New America Media
Florida activist Al Pina has launched a community campaign against Bank of America over its minority-lending record and practices.
Pina, founder and chairman of the Florida Minority Community Reinvestment Coalition, is staging a hunger strike in protest of what he views to be Bank of America's lack of transparency toward low-income minorities.
He said the bank has a high rate of foreclosures, rising credit-card interest rates and a failure to increase credit for struggling businesses -- all while accepting billions in federal bailout money.
