Government, Rhode Island Bank Seek Entry Of Consent Order In Discrimination Suit

(October 19, 2023, 11:26 AM EDT) -- PROVIDENCE, R.I. — The U.S. government and a Rhode Island state-chartered bank filed a joint motion for entry of a consent order in a suit filed by the government accusing the bank of discriminating against Black and Hispanic home loan applicants after the parties reached an agreement that requires the bank to invest a minimum of $7 million into a loan subsidy fund designed to increase lending opportunities for Black and Hispanic residents....