U.S. Government Proposes Settlement With Bank For Discriminatory Lending

Mealey's (June 14, 2019, 2:05 PM EDT) -- INDIANAPOLIS — The U.S. Department of Justice and the U.S. Attorney’s Office for the Southern District of Indiana filed a complaint and proposed settlement agreement in an Indiana federal court, alleging that a bank engaged in discriminatory lending practices and requiring it to invest approximately $1.62 million in a loan subsidy fund to increase credit opportunities for residents in predominantly African-American neighborhoods and toward community outreach, and other corrective actions (United States v. First Merchants Bank, No. 1:19-cv-02365, S.D. Ind.)....

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