LGBTQ people in America face widespread credit discrimination. Research shows that different-sex couples are routinely favored over same-sex couples when applying for mortgages, and that credit discrimination remains a serious barrier for queer and transgender people seeking to buy homes or open small businesses. In fact, at least one survey shows that LGBTQ people frequently report being denied a loan or line of credit on the basis of their sexual orientation, gender identity, or gender expression, even though they were otherwise qualified.
Unfortunately, credit discrimination could get even worse for LGBTQ people, as special interests wage an all-out campaign to hobble a federal agency that protects consumers from discrimination and predatory lending practices.
The above excerpt was originally published in The Advocate. Click here to view the full article.
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