Liberty Bank settles loan ‘redlining’ suit

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Harp Extension Bank Statement Loan Programs Liberty bank settles loan ‘redlining’ suit – Liberty Bank will also expand its community development loan program by $5 million over the next three years. to grow," liberty president/ceo chandler J. Howard said in a statement.

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A federal lawsuit alleging Liberty Bank has engaged in systematic racial discrimination in its lending practices and has engaged in unlawful redlining has been filed in the U.S. District Court in.

In addition to the boost in home lending, Liberty Bank will expand its community development loan program by $5 million over the next three years to promote community service, economic development and affordable housing projects in low- and moderate income neighborhoods. Liberty Bank did not admit wrongdoing in the settlement agreement.

Nonprofits File Federal Housing Lawsuit Against Liberty Bank.. a federal lawsuit last week accusing the bank of redlining.. to meet with a Liberty Bank loan officer in May 2017 at the 55.

Liberty Bank is voluntarily settling a lawsuit by fair lending. last fall filed a lawsuit alleging the bank violated the Fair Housing Act by "redlining". Middletown-based Liberty Bank has been accused of "redlining" in a. [Business ] Report: Purdue offering to settle opioid lawsuits for $10B to.

The Connecticut Fair Housing Center and the National Consumer Law Center today filed a lawsuit in the U.S. District Court for the District of Connecticut against Liberty Bank, alleging that the bank has violated the Fair Housing Act by engaging in unlawful "redlining" of predominantly African-American and Latinx neighborhoods in the greater Hartford and New Haven metropolitan areas.

Liberty Bank settles in lawsuit alleging racial bias in lending practices. and the bank pledged to open a new loan production office in Hartford.. violated the Fair Housing Act by.

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As an example, the suit said that only 3.34 percent of Liberty Bank’s total mortgage originations including refinancing from 2010 to 2016 were to Latino and African-American applicants. Liberty Bank denied all allegations of wrongdoing, but said $10 million will be added to expand its Good Neighbor Mortgage Loan Program.

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