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Tuesday, September 29, 2015

Bank to pay $33 million for discriminatory mortgage lending - Sep. 24, 2015

A New Jersey-based bank is paying a nearly $33 million settlement for alleged racial discrimination with its mortgage lending practices.



The Department of Justice and The Consumer Financial Protection Bureau claim Hudson City Savings Bank avoided giving credit access to those living in predominantly minority neighborhoods -- a practice known as "redlining."



Bank to pay $33 million for discriminatory mortgage lending - Sep. 24, 2015

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