In The News
Warren Traiger Quoted in American Banker Article, "Redlining Cases Persist as Banks Adjust to Postcrisis World"
Warren W. TraigerWarren Traiger was quoted in John Reosti's American Banker article, "Redlining Cases Persist as Banks Adjust to Postcrisis World," on January 21, 2015.
The recent wave of redlining cases is not as flagrant as those that occurred in the 1960s and 1970s, said Warren Traiger, a lawyer at Buckley Sandler. Modern claims of redlining are tied to situations like avoiding branches in minority neighborhood or failing to market in those communities.
For banks, "the trick is to find a balance," Traiger said. "You want to make every effort to do safe and sound banking, but you have to operate throughout your community. Sometimes where banks get tripped up is when they can't show they made the effort" to lend in all their local neighborhoods.
Squires said that more redlining cases are likely to occur. Traiger agreed, adding that redlining enforcement is "an area of increasing focus."