Key Fair Lending Insights From DOJ 'Redlining' Deal

By Melanie Brody (August 1, 2019, 1:11 PM EDT) -- Last month, the U.S. Department of Justice settled redlining claims[1] against First Merchants Bank, an Indiana-based bank regulated by the Federal Deposit Insurance Corporation. The First Merchants settlement[2] is the first redlining matter initiated[3] and settled under the Trump administration, and it contains useful insights for institutions seeking to evaluate their own redlining risk. This article summarizes the case and the key compliance takeaways....

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