Tenn. U.S. Attorney: Justice Department Secures Agreement With Patriot Bank to Resolve Lending Discrimination Claims
January 19, 2024
January 19, 2024
MEMPHIS, Tennessee, Jan. 19 -- The office of the U.S. Attorney for the Western District of Tennessee posted the following news release on Jan. 17, 2024:
The Justice Department announced today that Patriot Bank (Patriot) has agreed to pay $1.9 million to resolve allegations that the bank engaged in a pattern or practice of lending discrimination by redlining majority-Black and Hispanic neighborhoods in Memphis, Tennessee. Redlining is an illegal practice in which lenders avoid provid . . .
The Justice Department announced today that Patriot Bank (Patriot) has agreed to pay $1.9 million to resolve allegations that the bank engaged in a pattern or practice of lending discrimination by redlining majority-Black and Hispanic neighborhoods in Memphis, Tennessee. Redlining is an illegal practice in which lenders avoid provid . . .