HSBC has agreed to direct $25 million over the next four years to support underserved communities in an agreement with the National Community Reinvestment Coalition (NCRC) following allegations of redlining, the parties announced on Wednesday. 

In August 2023, the bank disclosed it was under investigation by the Department of Housing and Urban Development (HUD) after the nonprofit organization filed a complaint alleging violations of the U.S. Fair Lending Act. 

According to the document, HSBC allegedly engaged in discriminatory lending practices in majority Black details ⇒

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