An indiana financial services holding company has settled a lawsuit alleging mortgage lenders intentionally avoided providing services to people living in predominantly African-American neighborhoods. The U.S. Department of Justice (DOJ) and the U.S. Attorney’s Office for the Southern District of Indiana filed a discrimination lawsuit against First Merchants Bank on June 13, alleging the.
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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.
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Justice Department Settles Suit Against Indiana Bank to Resolve Lending Discrimination Claims The Department of Justice and the U.S. Attorney’s Office for the Southern District of Indiana today filed a complaint and settlement agreement, resolving allegations that First merchants bank engaged in lending discrimination by "redlining.
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Muncie-based First Merchants Bank has settled a federal lawsuit, following U.S. Department of Justice allegations that the bank engaged in lending discrimination by redlining predominantly African-American neighborhoods in Indianapolis.
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The U.S. Department of Justice announced last Thursday that it had reached an agreement with First Merchants Bank, an Indiana.
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.
The Department of Justice. a complaint and a settlement agreement resolving allegations against First Merchants Bank on Thursday. In the complaint, DOJ claimed that First Merchants Bank practiced.