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Financial Services Law Insights and Observations

DOJ, OCC settle redlining allegations

Federal Issues OCC DOJ Discrimination Redlining Fair Housing Act ECOA Enforcement Fair Lending

Federal Issues

On August 30, the DOJ and the OCC announced coordinated efforts to resolve allegations of lending discrimination by a Georgia-based bank for violations of the Fair Housing Act and ECOA by allegedly redlining predominantly Black and Hispanic neighborhoods in Texas from 2013-2017. The OCC, which referred the matter to DOJ, ordered the bank to pay a $3.3 million civil money penalty. Under the DOJ’s settlement, the bank will invest more than $5.5 million to increase credit opportunities for residents of those neighborhoods.

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