Justice Department reaches $13 million settlement with New Jersey mortgage lender for discriminating against communities of color | CNN Politics

9/28/2022 10:45:00 PM

'Redlining is racist, pure and simple. It has no place in this country,” the US attorney for the District of New Jersey Philip Sellinger said.

'Redlining is racist, pure and simple. It has no place in this country,” the US attorney for the District of New Jersey Philip Sellinger said.

The Justice Department has reached a $13 million settlement with a mortgage lender for discriminating against communities of color in three counties in New Jersey.

Assistant Attorney General Kristen Clarke said the Civil Rights Division’s settlement with Lakeland Bank will create a $12 million subsidy fund and the bank will be required to offer equal opportunities to obtain credit regardless of where a person lives.by Shutterstock Quick Take California’s Department of Financial Protection and Innovation issued a cease and desist against crypto lender Nexo Monday over its crypto interest-bearing accounts.The New Jersey Department of Corrections has named an acting interim deputy commissioner to fill in for the permanent appointee officials suspended earlier this year because she is under criminal investigation.September 28, 2022, 5:37 AM 2:40 U.

“The agreement resolves allegations that Lakeland redlined predominantly Black and Hispanic neighborhoods in the Newark, New Jersey, area,” Clarke said at a news conference on Wednesday.“This settlement demonstrates our firm commitment to combating modern day redlining and holding banks and other lenders accountable when they denied people of color equal access to lending opportunities.New York’s Attorney General announced a lawsuit against Nexo, accusing it of selling unregistered securities in the state.” Redlining, the practice of denying an applicant a loan for housing in a certain neighborhood even though they may be otherwise eligible for a loan, has become a focus for the Justice Department, which has reached similar settlements with lenders in Philadelphia, Houston and Memphis.15.CNN has reached out to Lakeland Bank for comment.S.Philip Sellinger, the US attorney for the District of New Jersey, said Lakeland Bank knew about the redlining risks in its conduct as far back as 2015 but did “nothing meaningful” to stop it.Alex Wong/Getty Images The Department of Justice seized an estimated 10 million fentanyl-laced pills, the attorney general and DEA administrator announced on Tuesday at DEA headquarters.

Sellinger said about $120 million in additional loans would have been provided if the bank had not redlined certain areas..“There were qualified borrowers in these areas.Lakeland just didn’t service them,” Sellinger said.Sellinger said his office filed a complaint against the bank and entered into a proposed consent decree that would require the bank to take certain measures, including opening two new branches in communities of color.“Redlining is racist, pure and simple.” Senior DOJ officials pointed the finger squarely at the Mexican drug cartels for trafficking in the pills.

It has no place in this country,” Sellinger said..

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It’s cnn where lying is mandatory! Enjoy the propaganda after call fool me once shame on you fool me twice shame on me believing cnn makes many a fool embrace the disgrace CNN believers need a bigger qtip? We will keep this top of mind. Isn’t New Jersey a liberal state? Liberals: bidens mental is fine Biden: wheres that Congress woman who died is she here

jenniiferpiiter tesseOGHENEmusic Italian racists hide my music on YouTube and insult me pku desperately drivin me lights and alarms cheatin me lyin to me I was left homeless since 8oct 2020

California, New York and other U.S. states take action against crypto lender NexoCalifornia's Department of Financial Protection and Innovation issued a cease and desist against crypto lender Nexo Monday over its crypto interest-bearing accounts. Please. This is not true. Do not be naive, people! The states in question couldn't even take 2 minutes of their time to check if Nexo gives interest to US users (They don't). Why wouldn't they go after firms like Celsius which they have more than enough proof or reason to investigate but target the only compliant survivor? Think When you can't come up with anything but fake news, this is what you come up with.

DOC names interim deputy commissioner for ranking official under investigationWillie Bonds, who has been with the New Jersey Department of Corrections for over 20 years, takes over as acting interim deputy commissioner.

DOJ seizes 10 million fake fentanyl-laced pills from May to September this yearFrom May to September of this year, the Department of Justice has seized an estimated 10 million fentanyl-laced pills, officials said on Tuesday at DEA headquarters. Results of a weak southern border So what the fk do they plan on doing about it? Whether Mexico likes it or not, we really need to go into that country and clean out those drug cartels. We should treat them the way we treat Isis or Al-Qaeda,

Justice Department announces more than 10 million fentanyl pills seized in months-long operationMore than 10.2 million fentanyl pills were seized during drug busts across the country in a nearly four-month span, the Justice Department said. maga ❤️ lies Fentanyl is a bioweapon

2 Charged in Pair of Crashes Amid Pop-Up Car Rally in Wildwood, NJAuthorities announced charges Tuesday against two men in a pair of vehicle crashes — one of which killed two people — during a pop-up car rally in southern New Jersey over the weekend. Will you be showing the video of his arraignment tomorrow like you did of the white guy that was arraigned today