California bank to pay $31 million settlement for redlining

California bank to pay $31 million settlement for redlining

a year ago
Anonymous $_PGtSJbg8h

https://www.siliconvalley.com/2023/01/12/la-bank-to-pay-31m-settlement-for-redlining/

By Ken Sweet | Associated Press

NEW YORK — The Justice Department accused Los Angeles-based City National Bank on Thursday of discrimination by refusing to underwrite mortgages in predominately Black and Latino communities, requiring the bank to pay more than $31 million in the largest redlining settlement in department history.

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