Liberty Bank settles loan ‘redlining’ suit

A Southington branch was one of several liberty bank offices tested as part of a federal lawsuit alleging widespread lending discrimination and redlining, an attorney for the plaintiffs, the.

The U.S. Department of Justice announced earlier this week that it has reached an agreement with KleinBank, a state-chartered Minnesota bank, to settle the redlining lawsuit that the DOJ filed against the bank in January 2017, only a week before President Trump’s inauguration. The agreement represents the first fair lending settlement entered into by the DOJ under the Trump administration.

The federal government accused Union Savings Bank and Guardian Savings Bank of "redlining" in neighborhoods. to the Justice Department. The settlement requires Union Savings to open two offices and.

A federal judge has approved a $5 million class action settlement between a two-year college and thousands of primarily African-American students saddled with loans in return. to predatory lending.

Middletown-based Liberty Bank — accused by fair housing advocates of discriminating against home loan borrowers in African American and Latinx neighborhoods — is settling those claims by.

An Obama-era fair-lending lawsuit against a Midwestern bank, which was filed shortly before President Trump’s inauguration, was settled this week by the Department of Justice. The government’s fair-lending suit, alleging redlining by Minnesota’s KleinBank, was unusual in that the bank publicly.

As is the case with all redlining matters. peers originated residential mortgage loans in majority-black census tracts at more than two and a half times the rate of the bank. Summary of Settlement.

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 approximately $200 million in mortgage loans that Associated Bank (ASB) is required to provide to borrowers in minority neighborhoods as part of a settlement with the U.S. Department of.

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The "redlining” allegedly occurred from at least. In addition to paying million for a loan subsidy program, today’s settlement agreement will require the bank to take a number of concrete.

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