Liberty Bank settles loan ‘redlining’ suit

Nonprofits File Federal Housing Lawsuit Against Liberty Bank.. a federal lawsuit last week accusing the bank of redlining.. to meet with a Liberty Bank loan officer in May 2017 at the 55.

Federal redlining enforcement has waned in recent years, but redlining risk has not disappeared. On October 4, two consumer advocacy groups, the National Fair Housing Alliance and the Connecticut Fair Housing Center, filed a law suit accusing a Connecticut-based bank of unlawful discrimination against minority homebuyers.

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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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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.

Under the terms of the settlement, Liberty Bank will open a loan production office in a majority-minority census tract in the Hartford area; add $10 million to its "Good Neighbor" loan program.

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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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.

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.

WASHINGTON – First Federal Bank. settlement with the Department of Housing and Urban Development to resolve allegations of redlining in African-American neighborhoods. As part of the settlement,

The Connecticut Fair Housing Center and the National Consumer Law Center on Thursday filed a lawsuit against Middletown-based Liberty Bank, Liberty bank settles loan ‘redlining’ suit. 0 Comments.