General World News

DOJ announces $31M settlement with City National Bank in redlining case

Los Angeles-headquartered City National Bank agreed to pay $31 million in relief to impacted individuals and communities to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Thursday. 

City National was accused of the illegal practice of avoiding the provision of mortgage services to majority-Black and Hispanic neighborhoods. In this case, the alleged redlining occurred from 2017 through at least 2020 in Los Angeles. 

“Fifteen months after I vowed that the Justice Department would be aggressively stepping up our efforts to combat discriminatory practices in the housing market, we have today secured the largest redlining settlement in details ⇒

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