DOJ Settles Redlining Lawsuit Against First Merchants Bank
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 with a settlement agreement and agreed order.
In the United States and Canada, redlining is the systematic denial of various services to.. The strategy focused on the Federal Home Loan Bank Board ( FHLBB), which oversaw S&L's in.. The Justice Department called it the "largest residential mortgage redlining settlement in its history. The lawsuit was settled in 2011.
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DOJ Redlining Settlement May Provide Insight Last month, in the first redlining matter initiated and settled under the Trump Administration, the United States Department of justice settled redlining claims against First Merchants Bank, an Indiana-based bank regulated by the Federal Deposit Insurance Corporation ("FDIC").
Last month, the United States Department of Justice ("DOJ" or the "Department") settled redlining claims against First Merchants Bank ("First.
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DOJ settles redlining lawsuit Against First Merchants Bank. 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 with a settlement agreement and agreed.
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— The Department of Justice (DOJ) and the U.S. Attorney’s Office for the Southern District of Indiana filed a complaint and a settlement agreement resolving allegations against First Merchants.
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.
In earlier, more costly settlements, JCPenney and girls’ clothing chain Justice agreed to pay $50 million and $50.8 million, respectively, to settle deceptive. Here’s how this works: First, you are.
The Department of Justice and the U.S. Attorney’s Office for the Southern District of Indiana settled charges that First Merchants Bank engaged in lending discrimination by "redlining" predominantly African-American neighborhoods within Indianapolis, Indiana.