DOJ announces a $31 million redlining settlement with LA-based City National Bank
The Justice Department accused the bank of discrimination by refusing to underwrite mortgages in predominately Black and Latino communities.
Updated January 12, 2023 at 2:03 PM ET
NEW YORK — The Justice Department accused Los Angeles-based City National Bank on Thursday of discrimination by refusing to underwrite mortgages in predominately Black and Latino communities, requiring the bank to pay more than $31 million in the largest redlining settlement in department history.
City National is the latest bank in the past
