Justice Department Secures $9 Million Agreement With Washington Trust Company to Resolve Redlining Claims in Rhode Island
September 28, 2023
September 28, 2023
WASHINGTON, Sept. 28 -- The U.S. Department of Justice issued the following news release on Sept. 27, 2023:
The Justice Department announced today that Washington Trust Company (Washington Trust), the oldest community bank in the nation, has agreed to pay $9 million to resolve allegations that it engaged in a pattern or practice of lending discrimination by redlining majority-Black and Hispanic neighborhoods in Rhode Island.
Redlining is an illegal practice in which len . . .
The Justice Department announced today that Washington Trust Company (Washington Trust), the oldest community bank in the nation, has agreed to pay $9 million to resolve allegations that it engaged in a pattern or practice of lending discrimination by redlining majority-Black and Hispanic neighborhoods in Rhode Island.
Redlining is an illegal practice in which len . . .