The First National Bank of Pennsylvania has reached a settlement over allegations of lending discrimination. The Justice Department, under Attorney General Merrick Garland and as part of its efforts to combat racial discrimination in financial services, has highlighted this case. The bank was accused of discriminating against Black and Latino borrowers in North Carolina. As part of the settlement, the First National Bank of Pennsylvania will pay $13.5 million. This case is part of a broader initiative by the Justice Department's Redlining Taskforce to address issues of racial discrimination within the banking and financial sectors.
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Caught Red-Handed: The Shocking Reality of…
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The First National Bank of Pennsylvania has reached a settlement over allegations of lending discrimination. The Justice Department, under Attorney General Merrick Garland and as part of its efforts to combat racial discrimination in financial services, has highlighted this case. The bank was accused of discriminating against Black and Latino borrowers in North Carolina. As part of the settlement, the First National Bank of Pennsylvania will pay $13.5 million. This case is part of a broader initiative by the Justice Department's Redlining Taskforce to address issues of racial discrimination within the banking and financial sectors.