The U.S. Department of Justice (DOJ) this week announced that it had secured a settlement of more than $3 million from Philadelphia, Penn.-based ESSA Bank & Trust over allegations that the company engaged in redlining majority Black and Hispanic communities from access to credit services around the Philadelphia area.

According to a complaint filed by DOJ in the U.S. District Court for the Eastern District of Pennsylvania, ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021.

“For too long, details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com