Attorney General Merrick Garland came to Jacksonville on Thursday to announce a $9 million settlement with Ameris Bank, saying the bank’s local branches “engaged in a pattern or practice of redlining predominately Black and Hispanic neighborhoods.”
Redlining is defined as an illegal practice in which lenders avoid providing credit services to individuals living in or seeking to live in, communities of color because of the race, color, or national origin of the residents in those communities.According to a news release from the Department of Justice, the bank “avoided providing mortgage services to majority-Black and Hispanic neighborhoods in Jacksonville and discouraged people seeking credit in those communities from obtaining home loans.
The other settlements with banks and mortgage companies “to provide credit opportunities to communities of color” have taken place in Invest $7.5 million in a loan subsidy fund that will be made available to residents of majority-Black and Hispanic neighborhoods and those seeking credit in those communities.Invest $600,000 to develop community partnerships to provide services that increase access to residential mortgage credit.Ensure that at least three mortgage loan officers are dedicated to serving majority Black and Hispanic neighborhoods.
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Justice Department secures $9 million settlement with Ameris Bank over redlining in FloridaThe Justice Department has secured a $9 million settlement with Ameris Bank over allegations it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville, Florida, and discouraged people there from getting home loans.
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Justice Department secures $9 million settlement with Ameris Bank over redlining in FloridaThe Justice Department has secured a $9 million settlement with Ameris Bank over allegations it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville, Florida, and discouraged people there from getting home loans.
Les mer »
Justice Department secures $9 million settlement with Ameris Bank over redlining in FloridaThe Justice Department has secured a $9 million settlement with Ameris Bank over allegations it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville, Florida, and discouraged people there from getting home loans. It’s the federal government's latest settlement over a practice known as redlining.
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Justice Department secures $9 million settlement with Ameris Bank over redlining in FloridaThe Justice Department has secured a $9 million settlement with Ameris Bank over allegations it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville, Florida, and discouraged people there from getting home loans.
Les mer »
Justice Department secures $9 million settlement with Ameris Bank over redlining in FloridaThe Justice Department has secured a $9 million settlement with Ameris Bank over allegations it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville, Florida, and discouraged people there from getting home...
Les mer »
Justice Department secures $9 million settlement with Ameris Bank over redlining in FloridaThe Justice Department has secured a $9 million settlement with Ameris Bank over allegations it avoided underwriting mortgages in predominately Black and Latino communities in Jacksonville, Florida, and discouraged people there from getting home...
Les mer »