DOJ Settles Redlining Lawsuit Against First Merchants Bank
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DOJ Settles Redlining Lawsuit Against First Merchants Bank. 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 filed against the bank on June 13, 2019 simultaneously with a settlement agreement and agreed.
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NEW YORK/WASHINGTON (Reuters) – The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against. to go after First Bank of Delaware for allegedly processing.
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Settlement Provides $9 Million to Ensure Equal Lending Services to African-American Communities in Ohio and Indiana . The Justice Department filed a consent order today to resolve allegations that Union Savings Bank and Guardian Savings Bank engaged in a pattern or practice of "redlining" predominantly African-American neighborhoods in and around Cincinnati; Columbus, Ohio; Dayton, Ohio.
Company Overview of First Merchants Bank, National Association Bloomberg L.P. 6/23/2019 DOJ Settles Redlining Lawsuit Against First Merchants Bank
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The settlement resolves one of the only redlining investigations to ever land in court, and marks the Trump DOJ’s first fair lending settlement. DOJ filed its complaint against KleinBank on January 13, 2017, one week before the inauguration of President Trump, suggesting that the Obama administration’s DOJ may have been concerned that the.
Citizens First. redlining of majority-minority neighborhoods in the minneapolis area. federal lending data shows the bank made one loan to an African American and six to Latinos in 2015 and 2016,
"This is no different than bank. the Justice Department in May and joined the board of Coinbase, which runs the GDAX exchange. She told Reuters she was impressed with Coinbase’s team and vision. A.