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American Bank of Oklahoma Settles Redlining Charges

American Bank of Oklahoma Settles Redlining Charges

by Phil Hall | Aug 29, 2023 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

American Bank of Oklahoma has reached a settlement with the U.S. Department of Justice to settle charges of lending discrimination by redlining in Tulsa. The bank was accused of failing to provide mortgage lending services to majority-Black and Hispanic neighborhoods...
ESSA Bank & Trust in $3 Million Settlement with Feds Over Redlining Charges

ESSA Bank & Trust in $3 Million Settlement with Feds Over Redlining Charges

by Phil Hall | Jun 2, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Justice (DOJ) has reached a $3 million settlement with ESSA Bank & Trust (ESSA) to resolve allegations that it engaged in the redlining of majority-Black and Hispanic neighborhoods in and around Philadelphia. According to the DOJ, ESSA...
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