New Jersey Bank Agrees to Over $13 Million Settlement for ‘Redlining’
Written by Black Hot Fire Network on October 7, 2022
A New Jersey bank has agreed to pay over $13 million to settle claims from the U.S. Department of Justice that the bank was not supplying loans to predominantly Black and Hispanic customers.
The DOJ announced last week that it secured an agreement with Lakeland Bank to resolve allegations that the bank engaged in a pattern or practice of lending discrimination by “
