Los Angeles Times

Los Angeles bank agrees to $31M settlement over racial bias in home loans

Martin Estrada announce a proposed settlement of the government's lending discrimination lawsuit against City National Bank, at a press conference held Second Baptist Church on Thursday, Jan. 12, 2023, in Los Angeles.

City National Bank has agreed to pay $31 million to settle a U.S. Justice Department lawsuit alleging racial bias in its home mortgage lending in Los Angeles County.

The government's complaint, filed Thursday in Los Angeles, accused the bank of violating federal housing and banking discrimination laws by avoiding loans to

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