WebJan 13, 2024 · NEW YORK (AP) — The Justice Department accused Los Angeles-based City National Bank on Thursday of discrimination by refusing to underwrite mortgages in predominately Black and Latino … WebJan 12, 2024 · As part of the settlement, City National will create a $29.5 million loan subsidy fund for loans to Black and Latino borrowers, and spend $1.75 million on advertising, community outreach and...
City National Bank to pay $31M redlining settlement, largest in …
WebJan 13, 2024 · January 12, 2024, 6:54 PM · 4 min read The U.S. Department of Justice announced a $31 million settlement with City National Bank over allegations that the Los Angeles-based bank engaged in... WebJan 12, 2024 · In a $31 million settlement, City National Bank agreed on Thursday to promote lending in predominantly Black and Hispanic neighborhoods in Los Angeles County that federal prosecutors alleged... ibond test
City National Bank to pay $31M in redlining settlement with DOJ …
WebJan 12, 2024 · Department of Justice City National Bank to Pay $31M Redlining Settlement, DOJ's Largest Ever City National will create a $29.5 million loan subsidy fund for loans to Black and Latino... WebJan 12, 2024 · Justice Department Secures Over $31 Million from City National Bank to Address Lending Discrimination Allegations Largest Redlining Settlement Agreement in … WebJan 12, 2024 · 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.City National is the latest bank in the past several … ibond treasure