RE: Equal Access to Wealth Generation Indexes

The Renaissance Indexes Group (Rendexes, Complainant) – a Non-Profit Corporation in the trenches and on the front lines in the battle to correct, fix and end the systemic denial of equal access to capital, illegal discrimination and redlining perpetrated against the protected class of black Americans by the Banks named in our several Complaints.

Rendexes is now entering the 10th year in this noble cause for the equal rights that are secured 

-under the banking laws, Community Reinvestment Act; Equal Credit Opportunity Act; Fair Housing Act – to include the Final Rule; Home Mortgage Disclosure Act; Fair Lending Laws, FTC Act -Section 5 and 

-under the controlling authority of the Court rulings – US V Chevy Chase, US V Hudson City Savings Bank, US V Midland States Bancorp, US V Klein Bank, US V Bancorp South and Supreme Court holding in TDHCA V ICP, Inc.

-under the Department rules – HUD Fair Housing Act – Final Rule  

The Complaints have clearly outlined where the Banks named in the Complaint are in violation of the above banking laws, Court rulings and Department Rules. 

Our Complaints, notwithstanding, the Agencies have consistently failed to impose a single Fine, a single Penalty, a single Sanction, a single Cease and Desist Order, a single Removal Order – beyond this the Agencies have automatically approved every single Application submitted by the named Banks -to include all of the New Bank Branch Applications – even though 99% of the New Bank Branches – since 2010 – have been placed outside of the black American Neighborhoods in the specified Zip Codes in Houston, Dallas and other markets nationwide    

Rendexes has been consistently failed by the banking regulators and by the Department of Justice Civil Rights Division – our repeated petitions for relief from these horrors of systemic denial of equal access to capital by the named Banks has been met only with repeated denials replete with flimsy apologias for the continuing violations of the banking laws by the Banks named in the Complaints.       

 

 

The Department set up a Civil Rights Section in the United States Attorney’s office in Houston for the express purpose of civil rights prosecutions – to include going after the Banks for violations of the Community Reinvestment Act, Equal Credit Opportunity Act, Fair Housing Act and Title VIII of the 1968 Civil Rights Act.

This Civil Rights Section was established in October of 2015 – and to date the Section has not filed a single civil action in Federal District Court in Houston against a single 

Bank – even though Rendexes has filed Civil Rights Complaints against 9 different Banks for egregious violations of the above banking laws and for actions inconsistent with the controlling authority of the Court holdings.

The Civil Rights Sections has consistently failed to faithfully execute its sworn duties; has failed to file the civil actions in Federal District Court; has failed to end the systemic, pervasive and continuing violations of banking laws by the named Banks and has failed to secure the equal rights in equal access to capital, lending and banking services.

We now exercise our Constitutional rights to petition government for redress of grievances – to restore and reclaim the rights of equal access to capital, lending and banking services – to include the financing of Wealth Creating Indexes -Private Equity Groups, Real Estate Investment Trusts, Trading Companies, Brokerage Houses and Development Corporations – presently denied to the protected class of black Americans 

-and to correct, fix and end the systemic, pervasive and continuing practices, actions (and non-actions) and patterns of the named Banks that result in the disproportionate discriminate effect, disparate impact and illegal discrimination perpetrated against the individuals, businesses and households of the members of the protected class of black Americans and that result in the modern-day redlining perpetrated against whole black American Neighborhoods - beginning in Houston and Dallas as the TEST case census tracts and then expanding nationwide.   

While the Banks named in the Complaints engage in practices, actions (and non-actions) and policies that routinely illegally discriminate against the protected class of black Americans in all of the banking categories outlined in the Complaints the same Banks are especially aggressive in denying the financing of any Wealth Creating Indexes -outlined above. 

The Banks have set up a brick ironclad wall to deny the full range of equal access to capital and to discriminate against the protected class of black Americans in the equal rights of financing to create wealth. The Banks are entrenched in this discriminatory practice – with no intention to get into full compliance with the banking laws or with the Equal Protection Clause – 14th Amendment – United States Constitution.

The law is clear on this matter – the Banks are legally mandated to equally promote and to advertise the full range of the Banks’ lending and credit products – to include the 

 

financing of Wealth Generating Indexes – to the members of the protected class of black Americans. The Banks are legally mandated to penetrate the markets of the protected class of black Americans – failure to do so is violation of the Equal Credit Opportunity Act and of the Fair Housing Act as outlined in the controlling authority of the Court case US V Midland States Bancorp.

The named Banks have continually and consistently failed to equally market and to promote and to make available the full range of the Banks’ lending and credit products– to include the financing for the Wealth Generating Indexes to the members of the protected class of black Americans in the black American Neighborhoods in urban metropolises across this nation.

The Wealth Generating Indexes that have been systemically, pervasively and continually denied to the protected class of black Americans include the Bank financing of – $100 Million PER  

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-Private Equity Group  

-Real Estate Investment Trusts

-Brokerage Houses 

-Development Companies 

It is this consistent and continuing denial of the equal right of equal access to the capitalization of the Wealth Generating Indexes that lies at the heart of the wealth gap between the protected class of black Americans and the larger Anglo society in America that need to be corrected post-haste.  

 

In The Relentless Pursuit of Justice,

Barry Simmons                                                                                                       Renaissance Indexes Group                                                                                                5605 Chimney Rock Road – Suite # 253                                                                            Houston, Texas 77081

Rendexes@gmail.com

(832) 655-1590