Citadel agrees to pay $6.5M to settle DOJ's redlining claims
The DOJ has settled lending discrimination allegations against Citadel Federal Credit Union for $6.5 million, marking a significant move against redlining practices.
Opinion: To redress racial bias in mortgage underwriting, scrap the credit score
The U.S. mortgage industry faces racial disparities in mortgage approval rates, reminiscent of historical redlining practices.
Redlining's impact extends beyond housing into broader societal issues such as air pollution and health disparities.
Citadel agrees to pay $6.5M to settle DOJ's redlining claims
The DOJ has settled lending discrimination allegations against Citadel Federal Credit Union for $6.5 million, marking a significant move against redlining practices.
Opinion: To redress racial bias in mortgage underwriting, scrap the credit score
The U.S. mortgage industry faces racial disparities in mortgage approval rates, reminiscent of historical redlining practices.
Redlining's impact extends beyond housing into broader societal issues such as air pollution and health disparities.