Published 1 year ago

Bank to pay $31M redlining settlement, largest in US history

Summary by PBS NewsHour

The Justice Department accused Los Angeles-based City National Bank on Thursday of discriminating against Black and Latino residents, requiring the bank to pay more than $31 million in what is the largest redlining settlement in history.

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CTV News

RBC subsidiary in U.S. to pay $31 million redlining settlement

An RBC subsidiary in the U.S. has reached a US$31-million settlement with the Department of Justice over allegations of discrimination by limiting mortgage lending in predominately Black and Latino communities.

1 year ago·Canada

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Reuters

RBC's City National Bank settles U.S. redlining claims in Los Angeles

City National Bank, a unit of Royal Bank of Canada , agreed to commit more than $31 million to boost lending to Black and Hispanic home buyers in the Los Angeles area, in the U.S. Department of Justice's largest settlement over illegal redlining.

1 year ago·United Kingdom

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Associated Press News

Bank to pay $31M redlining settlement, DOJ's largest ever

The Justice Department accused Los Angeles-based City National Bank on Thursday of discriminating against Black and Latino residents, requiring the bank to pay more than $31 million in what is

1 year ago·United States

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USA Today

Bank to pay record $31M in LA redlining settlement

The Justice Department is requiring Los Angeles-based City National Bank to pay more than $31 million in the largest redlining settlement in department history. (Jan. 12) (AP video: Stefanie Dazio)

1 year ago·United States

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abc News

Justice Department reaches $31M settlement with City National Bank in largest lending discrimination case in US history

1 year ago·United States

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Winnipeg Free Press

RBC subsidiary in U.S. to pay $31 million redlining settlement

TORONTO – An RBC subsidiary in the U.S. has reached a US$31-million settlement with the Department of Justice over allegations of discrimination by limiting mortgage lending in predominately Black and […]

1 year ago·Winnipeg, Canada

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