Bank to pay $31M redlining settlement, DOJ's largest ever
Headline from KESQ Palm Springs
By KEN SWEET AP Business Writer NEW YORK (AP) — The Justice Department accused Los Angeles-based City National Bank on Thursday of discrimination by refusing to underwrite mortgages in predominately Black and Latino communities, requiring the bank to pay more than $31 million in the largest redlinin…
KESQ Palm Springs's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
By KEN SWEET AP Business Writer NEW YORK (AP) — The Justice Department accused Los Angeles-based City National Bank on Thursday of discrimination by refusing to underwrite mortgages in predominately Black and Latino communities, requiring the bank to pay more than $31 million in the largest redlinin…
The California-based bank is the latest to be found systematically avoiding lending to racial and ethnic minorities, a practice that the Biden administration is fighting with a task force.
