(Reuters) – The UNITED STATE Justice Department and the Consumer Financial Protection Bureau punished Fairway Independent Mortgage Corporation for declared redlining in Black areas in Birmingham, Alabama, the businesses said on Tuesday.
The residence mortgage mortgage supplier will definitely pay a $1.9 million wonderful and provides $7 million in automobile mortgage aids due to this, the CFPB said in a declaration.
“This case is a reminder that redlining is not a relic of the past, and the Justice Department will continue to work urgently to combat lending discrimination wherever it arises and to secure relief for the communities harmed by it,” UNITED STATE Attorney General Merrick Garland said.
(Reporting by Douglas Gillison; modifying by Jonathan Oatis)
