(Reuters) – The UNITED STATE Justice Department and the Consumer Financial Protection Bureau punished Fairway Independent Mortgage Corporation for declared redlining in Black areas in Birmingham, Alabama, the businesses acknowledged on Tuesday.
The house mortgage mortgage supplier will definitely pay a $1.9 million positive and provides $7 million in automobile mortgage aids due to this, the CFPB acknowledged in a declaration.
“This case is a reminder that redlining is not a relic of the past, and the Justice Department will continue to work urgently to combat lending discrimination wherever it arises and to secure relief for the communities harmed by it,” UNITED STATE Attorney General Merrick Garland acknowledged.
(Reporting by Douglas Gillison; modifying by Jonathan Oatis)
