Liberty Bank settles loan ‘redlining’ suit

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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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.

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.

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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.

Harp Extension Bank Statement Loan Programs Liberty bank settles loan ‘redlining’ suit – Liberty Bank will also expand its community development loan program by $5 million over the next three years. to grow," Liberty President/CEO Chandler J. Howard said in a statement.

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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.

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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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.

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.

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The U.S. Department of Housing and Urban Development has approved a settlement between a fair lending group and OneWest Bank that settles allegations the financial institution engaged in the.

FLINT, Michigan – Citizens Bank will open a loan office in a black neighborhood in Detroit and offer $3.6 million in loans and grants throughout Wayne County as part of a settlement with the.