Liberty Bank settles loan ‘redlining’ suit

Evans Bancorp and the state Attorney General’s Office expect to reach a settlement. the bank of denying access to mortgage loans to predominantly African-American neighborhoods in the city because.

Middletown-based Liberty Bank has been accused of "redlining" in a federal lawsuit filed Thursday by the Connecticut Fair Housing Center and the national consumer law Center.

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The Bank was sued in U.S. District Court by the Connecticut Fair Housing Center Inc., which charged the $4.8 billion-asset lender with redlining practices designed to block home loan access in predominantly African-American and Latino neighborhoods in the Hartford and New Haven metro areas.As part of the settlement, Liberty agreed to allocate an additional $10 million to its Good Neighbor.

An obama-era fair-lending lawsuit against a Midwestern bank, which was filed shortly before President Trump’s inauguration, was settled this week by the Department of Justice. The government’s fair-lending suit, alleging redlining by Minnesota’s KleinBank, was unusual in that the bank publicly.

Nonprofits File Federal Housing Lawsuit Against Liberty Bank.. a federal lawsuit last week accusing the bank of redlining.. to meet with a Liberty Bank loan officer in May 2017 at the 55.

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The Connecticut Fair Housing Center and the National Consumer Law Center today filed a lawsuit in the U.S. District Court for the District of Connecticut against Liberty Bank, alleging that the bank has violated the Fair Housing Act by engaging in unlawful "redlining" of predominantly African-American and Latinx neighborhoods in the greater Hartford and New Haven metropolitan areas.

The U.S. Justice Department has accused Chaska-based KleinBank of redlining. According to the lawsuit, a statistical analysis of KleinBank’s loan applications revealed that the bank served.

Liberty Bank settles in lawsuit alleging racial bias in lending practices. and the bank pledged to open a new loan production office in Hartford.. violated the Fair Housing Act by.

Harp Extension Bank Statement Loan Programs Liberty bank settles loan ‘redlining’ suit – Liberty Bank will also expand its community development loan program by $5 million over the next three years. to grow," Liberty President/CEO Chandler J. Howard said in a statement.

 · MIDDLETOWN – Liberty Bank will invest millions to make banking services and loans more available to people of color after settling a lawsuit that alleged the Middletown-based company was.

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