Los Angeles bank agrees to $31M settlement over racial bias in home loans
by Michael Finnegan, Los Angeles Times
Jan 12, 2023
2 minutes
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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