The U.S. Department of Justice announced last Thursday that it had reached an agreement with First Merchants Bank, an Indiana state-chartered bank, to settle the redlining lawsuit that the DOJ.
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Middletown mutual lender Liberty Bank has pledged another $15 million in loans and grants to step up its mortgage lending, including opening a loan office in Hartford, to settle unfair lending claims.
The Connecticut Fair Housing Center and the National Consumer Law Center today filed a lawsuit in the U.S. District Court for the District of Connecticut against Liberty Bank, alleging that the bank has violated the Fair Housing Act by engaging in unlawful "redlining" of predominantly African-American and Latinx neighborhoods in the greater.
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In addition to the boost in home lending, Liberty Bank will expand its community development loan program by $5 million over the next three years to promote community service, economic development and affordable housing projects in low- and moderate income neighborhoods. Liberty Bank did not admit wrongdoing in the settlement agreement.
Liberty Bank settles in lawsuit alleging racial bias in lending practices. and the bank pledged to open a new loan production office in Hartford.. violated the Fair Housing Act by.
The Bank was sued in U.S. District Court by the Connecticut Fair Housing Center Inc., which charged the $4.8 billion-asset lender with redlining practices designed to block home loan access in predominantly African-American and Latino neighborhoods in the Hartford and New Haven metro areas.As part of the settlement, Liberty agreed to allocate an additional $10 million to its Good Neighbor.
DOJ Files Redlining Lawsuit Against KleinBank.. Its residential mortgage loan officers presumably are not at liberty to establish offices on their own.. comparable lenders made loans in majority-minority census tracts at more than four times the rate of the bank. The DOJ redlining.
The Connecticut Fair Housing Center and the National Consumer Law Center today filed a lawsuit in the U.S. District Court for the District of Connecticut against Liberty Bank, alleging that the bank has violated the Fair Housing Act by engaging in unlawful "redlining" of predominantly African-American and Latinx neighborhoods in the greater Hartford and New Haven metropolitan areas.
The most recent interesting settlement was in America’s Heartland: the First Federal Bank of Kansas City agreed to pony up $2.8 million to settle a redlining case. bank’s books be marked to market,