Citadel Credit Union Doubles Down On Community Lending After DOJ Settlement

Citadel Credit Union Doubles Down On Community Lending After DOJ Settlement

Citadel Credit Union is introducing new lending initiatives after settling a redlining allegation from the Department of Justice. The credit union will pay $6.5 million to resolve allegations that it engaged in redlining in predominantly Black and Hispanic neighborhoods around Philadelphia. “This redlining settlement marks the Justice Department’s very first resolution involving a credit union,…

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