Saturday, May 18, 2024

City National Bank Settles $31 Million After Discriminating Against Black and Latino Neighborhoods

The U.S. Department of Justice has reached a $31 million settlement with City National Bank, based in Los Angeles, California, in a historical housing discrimination case. This settlement is the most significant redlining case investigated by the Justice Department. Redlining is a longstanding set of policies and practices prohibiting banks from approving mortgages for people […]