Liberty Bank settles loan ‘redlining’ suit

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WASHINGTON, Oct. 4– The national consumer law center issued the following news release:. 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.

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.

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.

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A federal lawsuit alleging Liberty Bank has engaged in systematic racial discrimination in its lending practices and has engaged in unlawful redlining has been filed in the U.S. District Court in.

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Mid America Bank on Monday said it would open two branches in minority neighborhoods and invest some $10 million in special home financing programs to settle. The suit also alleges that only 1% of.

The DOJ defines redlining. Bank and Guardian Savings Bank were in violation of the both the Fair Housing Act and the Equal Credit Opportunity Act. As part of the settlement, Union will open two.

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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.

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 Hartford and New Haven metropolitan areas.

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.