Redlining Archives

Bank Launches Spanish Website In Wake Of Redlining Settlement

May 31, 2024 mpsingh No Comments Real estate bank, launches, Redlining, settlement, Spanish, Wake, Website

Washington Trust “vehemently” denied the allegations leveled by the Justice Department last fall, but agreed to invest and spend at least $9 million to improve access to mortgage credit in minority neighborhoods in Rhode Island. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions [...]read moreBank Launches Spanish Website In Wake Of Redlining Settlement

The opportunity cost of modern-day redlining

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. Last October, Ameris Bank had to pay $9 million to settle a redlining case. More recently, [...]read more