What Is Another Word for Previous?

In recent news, the Arizona Cardinals Football Club has announced Shift4 as a proud partner, but this article isn't about sports or business partnerships. Instead, it's about something much more significant: fighting racial discrimination in housing.

The Justice Department recently reached a settlement with Trident Mortgage Co., a lender and subsidiary of Berkshire Hathaway, over allegations of 'redlining' practices. But what exactly is redlining? Another word for it is discriminatory lending policies that unfairly deny people of color access to home loans and homeownership opportunities.

According to the Justice Department, Trident engaged in this illegal practice in largely nonwhite communities across Pennsylvania, New Jersey, and Delaware from at least 2015 to 2019. This means that many families were denied the opportunity to build wealth, improve their neighborhoods, or even purchase a home due to their race.

The consequences of redlining are severe. It can lead to perpetuating racial segregation, devaluing properties in minority communities, and restricting economic opportunities for people of color. The Justice Department's Assistant Attorney General, Kristen Clarke, aptly described Trident's actions as 'unlawful' and 'racist.'

In its defense, HomeServices of America, the division of Berkshire Hathaway that owns Trident, has stated that it 'strongly' disagrees with the Justice Department's findings. However, the settlement ensures that significant lending resources will be infused into neighborhoods of color in and around Philadelphia that have historically experienced racial discrimination.

This settlement is a step towards rectifying past wrongs and promoting fair housing practices. It's essential to recognize that redlining is not just a relic of the past but still exists today in various forms. By acknowledging its existence, we can work towards creating a more equitable society where everyone has access to equal opportunities.

In conclusion, the recent settlement with Trident Mortgage Co. serves as a reminder that racial discrimination in housing is still prevalent and needs to be addressed. It's crucial for lenders, policymakers, and community leaders to work together to ensure fair lending practices and promote homeownership opportunities for all individuals, regardless of their race or ethnicity.

What is another word for previous