The U.S. Department of Justice (DOJ) announced this week that it has secured $107 million in judgments and enforcement actions against banks and mortgage lenders to combat the practice of lenders’ avoidance of providing credit services to people living or seeking to live in communities of color because of race, color or national origin, otherwise known as “redlining.”
A part of the $107 million total includes a $9 million settlement with Ameris Bank regarding allegations that it had engaged in redlining in predominantly Black and Hispanic neighborhoods in the Jacksonville, Fla. details ⇒
BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com