Pressure growing for hearing on NationsBank merger

June 02, 1998
NationsBank's mortgage lending record is drawing criticism from some low-income housing groups, which are asking federal regulators to block the proposed merger with BankAmerica Corp. The Charlotte-based bank denied mortgage applications in the Triangle from African-Americans four times as often as from whites in 1996, the most recent year for which information is available. While that ratio isn't much different from other local lenders, critics say it is reason enough for the feds to put greater pressure on NationsBank to improve its lending practices.