Liberty Bank settles loan ‘redlining’ suit

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In a signal of federal regulators’ growing interest in stamping out racial discrimination in bank lending, the federal government on Thursday announced a historic settlement. home loans to people.

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.

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Share This Page CFPB Announces Redlining Settlement September 25, 2015 / Source: CFPB Today, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) announced a joint action against Hudson City Savings Bank for discriminatory redlining practices that denied residents in majority-Black-and-Hispanic neighborhoods fair access to mortgage loans.

The settlement is the latest in the. by the city of Baltimore in 2008 alleging the bank engaged in “reverse redlining,” or intentionally targeting minority communities for predatory mortgage loans,

Lending Real Estate Two Ohio-based banks settle "redlining" allegations Will invest $9 million in minority communities in Ohio and Indiana

Middletown-based Liberty Bank has been accused of "redlining" in a federal lawsuit filed Thursday by the Connecticut Fair Housing Center and the national consumer law Center.

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OneWest Bank will. The settlement stems from a 2016 complaint about OneWest’s mortgage lending practices, which housing advocacy groups said broke federal laws by keeping branches out of minority.

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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.

Middletown mutual lender Liberty Bank has pledged another $15 million in loans and grants to step up its mortgage lending, including opening.

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Beneficial Mutual Bancorp has obtained a large stake in Liberty Bell Bank. for the loan. Beneficial gained more than 760,000 shares of Liberty Bell stock when the borrowers defaulted; all but two.

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.

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