The biggest redlining settlement in DOJ history is the fifth enforcement action since the launch of the initiative to combat redlining in 2021, with $75 million in relief to date. City National denied that it engaged in redlining.
Source: Inman News
City National Bank to pay at least $31M to settle redlining charges
Published in City National Bank, department of justice, fair lending, Kelly Coffey, Kristen Clark, Lakeland Bank, Mortgage, redlining, Regulations, Royal Bank of Canada, Select, trident mortgage and Vanessa Montañez
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