Tag: banking regulation
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When Some Buyers Are More Equal Than Others: Will the U.S. Government “Reboot Redlining”?
Not long ago, New Jersey-based OceanFirst Bank agreed to pay more than $15 million in a settlement with the federal government. This was to resolve the government’s allegations that, for several years, beginning in 2018, the bank violated the Equal Credit Opportunity Act and Fair Housing Act. The problem involved an alleged pattern of ignoring…