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City National Bank to pay $31 million in largest discriminatory lending settlement in DOJ history

Por: New York Daily News Politics January 13, 2023

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A Los Angeles bank has agreed to pay $31 million to settle redlining accusations, the largest such assessment in U.S. Justice Department history. City National Bank, among the country’s 50 largest banks, allegedly used discriminatory lending practices in Los Angeles County from 2017 through at least 2020. The Justice Department said the bank “avoided providing mortgage lending services to majority-Black and Hispanic neighborhoods in Los... + full article



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