Discriminatory Lending News

Rhode Island Bank to Pay $9M to Resolve Discriminatory Lending Allegations It Denies

A community bank in Rhode Island agreed to pay $9 million to resolve allegations that it engaged in lending discrimination by redlining majority-Black and Hispanic neighborhoods, a U.S. attorney announced Wednesday. A complaint accused Washington Trust Company of failing to …

U.S. Department of Justice and Oklahoma Bank Reach Settlement Over Discriminatory Lending Practices in Tulsa

The U.S. Department of Justice and a northeastern Oklahoma bank have announced a proposed agreement to settle claims that the bank discriminated in lending to Blacks and Hispanics in the Tulsa area. Collinsville-based American Bank of Oklahoma used the illegal …

Alex and Ani Jeweler Alleges Lending Gender Bias by Bank

A few short years ago, jewelry maker Alex and Ani LLC was the public example of a happy Bank of America Corp. customer. Now, it’s suing the lender for more than $1 billion in damages and alleging discrimination. The female-led …

Providence, R.I., Sues Santander Bank, Alleging Mortgage Bias

Banco Santander SA’s U.S. unit was sued by the city of Providence, Rhode Island, over claims it stopped issuing mortgages in minority neighborhoods after the housing bubble burst, the latest in a series of discrimination lawsuits against lenders by U.S. …

Los Angeles Sues Citi, Wells Fargo Over Discriminatory Lending

The city of Los Angeles has filed a lawsuit against Citigroup and Wells Fargo, seeking damages for a loss in tax revenue due to discriminatory mortgage lending to the city’s minority communities, a court filing showed. In complaints filed in …