DOJ Settles Redlining Lawsuit Against First Merchants Bank

DOJ Settles Redlining Lawsuit Against First Merchants Bank. The U.S. Department of Justice announced last Thursday that it had reached an agreement with First Merchants Bank, an Indiana state-chartered bank, to settle the redlining lawsuit that the DOJ filed against the bank on June 13, 2019 simultaneously with a settlement agreement and agreed.

The regulators have agreed to a settlement agreement resolving allegations against First Merchants Bank on Thursday. The bank was accused by the DoJ of ‘redlining,’ in which African-American neighbourhoods were discriminated against when issuing banking products. The practices were seen in Indianapolis from 2011 to at least 2017.

The U.S. Department of Justice announced last Thursday that it had reached an agreement with First Merchants Bank, an Indiana.

The settlement resolves one of the only redlining investigations to ever land in court, and marks the Trump DOJ’s first fair lending settlement. DOJ filed its complaint against KleinBank on January 13, 2017, one week before the inauguration of President Trump, suggesting that the Obama administration’s DOJ may have been concerned that the.

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First Merchants bank announces doj settlement of redlining. In a complaint filed and settled on the same day, the Justice Department.

Settlement Provides $9 Million to Ensure Equal Lending Services to African-American Communities in Ohio and Indiana . The Justice Department filed a consent order today to resolve allegations that Union Savings Bank and Guardian Savings Bank engaged in a pattern or practice of "redlining" predominantly African-American neighborhoods in and around Cincinnati; Columbus, Ohio; Dayton, Ohio.

The complaint alleges that, from 2011 to at least 2017, First Merchants engaged in unlawful redlining in Indianapolis by intentionally avoiding.

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On May 8, the Department of Justice (DOJ) announced that it had reached a voluntary settlement with a family-owned Minnesota bank, resolving allegations that the bank had violated the Fair Housing Act, 42 U.S.C. 3601 et seq. (FHA) and the equal credit opportunity Act, 15 U.S.C.

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Its enforcement chief, Robert Khuzami, until last year was a top lawyer at Deutsche Bank (DB), which, like Goldman, structured transactions for hedge funds betting against subprime bonds. and SEC.

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