The Department of Housing and Urban Development (HUD) has approved a settlement that resolves redlining allegations that a bank formerly overseen by Trump administration officials discriminated against African-American and Latino borrowers.
HUD recently finalized a conciliation agreement between the California Reinvestment Coalition OneWest Bank. The bank was founded by Treasury Secretary Steve Mnuchin. Comptroller of the Currency Joseph Otting served as the bank’s president and CEO.
Read on for details from the agreement.<
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