Lakeland Bank in New Jersey admitted no wrongdoing, but agreed to set up a $12 million homeownership fund and open two new branches in minority neighborhoods.
Source: New York Times
‘Redlining Is Racist’: $12 Million Settlement Ends Lending Inquiry
Published in Banking and Financial Institutions, Discrimination, Lakeland Bank, New Jersey, Newark (NJ) and Real Estate and Housing (Residential)
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