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Financial Information Disclosure

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DUBAI, United Arab Emirates (AP) — The chairman of Dubai-based real estate developer Union Properties was dismissed from the company's board on Tuesday, a day after the firm disclosed that a top prosecutor in the United Arab Emirates had called for his detention amid an investigation into alleged financial wrongdoing.

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Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts. This modern-day redlining persisted in 61 metro areas even when controlling for applicants' income, loan amount and neighborhoods, according to millions of Home Mortgage Disclosure Act records analyzed by Reveal from The Center for Investigative Reporting.

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