The U.S. Department of Justice announced earlier this week that it has reached an agreement with KleinBank, a state-chartered Minnesota bank, to settle the redlining lawsuit that the DOJ filed against the bank in January 2017, only a week before President Trump’s inauguration. The agreement represents the first fair lending settlement entered into by the DOJ under the Trump administration.… Continue Reading
KleinBank
Community banks trade group asks Trump Administration to curb fair lending enforcement
By Barbara S. Mishkin on
Posted in Fair Lending, Regulatory and Enforcement
The Independent Community Bankers of America issued a statement calling on the Trump administration “to rein in the overzealous application of fair lending laws.” ICBA stated that community banks are threatened by a recent trend of “unwarranted enforcement actions” that “harm community banks and the customers they serve by undermining the availability of credit in local communities and throughout the economy.”… Continue Reading