Major US Bank Pays $13,500,000 Settlement After Facing Federal Investigation on Illegal and Discriminatory Practices

The US Justice Department and the state of North Carolina are settling with a major US bank to resolve allegations that the lender discriminated against its community for years. In a press release, the Justice Department says First National Bank of Pennsylvania (FNB) redlined predominantly black and hispanic neighborhoods in Charlotte and Winston-Salem, North Carolina. […] source: https://dailyhodl.com/2024/02/11/major-us-bank-pays-13500000-settlement-after-facing-federal-investigation-on-illegal-and-discriminatory-practices/