DOJ Negotiates Another Settlement in Bank Redlining Initiative

The Department of Justice (DOJ) has approved a settlement from OceanFirst Bank in relation to a redlining investigation against them. The Conciliation Agreement was announced Wednesday, Sept. 18 by the Department of Housing and Urban Development (HUD).  OceanFirst Bank—located in Toms River, New Jersey—was alleged to have engaged in redlining by restricting access to credit…

The post DOJ Negotiates Another Settlement in Bank Redlining Initiative appeared first on RISMedia.

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