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Financial Crisis

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    • Is bias behind black church bankruptcies? - CBS News
      "For many years, there's been research abut how race matters in context of consumer bankruptcies," said Foohey in an interview with CBS MoneyWatch, referring to separate findings that blacks pay higher rates for auto loans and mortgages. It's not a stretch to believe many of the same factors would be in play, with many black pastors finding their loan modification requests denied in times of financial troubles.
    • Head of Luther Seminary in St. Paul resigns amid financial woes
      Considered the country's largest Evangelical Lutheran Church of America (ELCA) seminary, the school wants to "take a fresh look going forward" after losing nearly $4 million last school year. (|StarTribune)

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