Trident Mortgage To Pay More Than $20M To Resolve Lending Discrimination Claims

Mealey's (July 28, 2022, 1:41 PM EDT) -- PHILADELPHIA — A mortgage lender will pay more than $20 million to increase credit opportunities in the Philadelphia metropolitan area as part of a consent order the lender reached with the Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Justice stemming from the lender’s alleged pattern of discriminatory lending known as redlining, according to court documents filed in Pennsylvania federal court on July 27....

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