Citadel Federal Credit Union “respectfully disagrees” with allegations, agrees to invest $6.5 million and open three new branches in predominantly Black and Hispanic neighborhoods in Philadelphia. Continue reading
Government alleges competitors in Patriot’s peer group made home loans in minority areas of Memphis at almost three times the rate of Patriot from 2015 to at least 2020. Continue reading
Washington Trust “vehemently” denies the allegations but joins a long list of lenders who have coughed up $98 million in settlements since the DoJ launched an anti-redlining initiative in 2021. Continue reading
The Ohio bank’s $9 million pledge to promote ownership in Black and Hispanic neighborhoods is the sixth since the DOJ launched an initiative to combat redlining in October 2021, with lawsuits generating $84 million in relief to date. Continue reading
The company launched its Variance Reduction System this week, a provision in the settlement Meta worked out with the U.S. Department of Justice. Continue reading
This case is the first-ever redlining settlement against a mortgage company and the second-largest such settlement in DOJ history. Continue reading
A proposed rule change is meant to give local officials more flexibility, but critics condemned the proposal as an attempt to ‘gut’ fair housing efforts. Continue reading