![]() Handberg for the Middle District of Florida heralded the agreement with Ameris Bank as a historic moment, signaling a positive shift for Black and Hispanic communities previously denied vital economic resources. This settlement marks a new pinnacle in our efforts to bring an end to redlining and provides.” “By taking on the discriminatory lending practices of banks and mortgage companies, we are helping to ensure that more Black, Hispanic, and other communities of color are able to buy a home, generate wealth, and fulfill the American Dream. “Combating modern-day redlining is one of the most important strategies for ensuring equal economic opportunity today,” Clarke stated. The bank’s lending focus disproportionately favored white areas of the city.Īssistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division stressed the significance of combating modern-day redlining, noting that it fosters equal economic opportunity and enables communities of color to fulfill the American Dream. The DOJ’s complaint alleged that Ameris Bank deliberately excluded majority-Black and Hispanic neighborhoods in Jacksonville from its mortgage services, steering applicants away from home loans. District Court for the Middle District of Florida, contingent on court approval. The DOJ said the settlements have empowered marginalized communities, enabling them to pursue homeownership, a right unjustly denied them for far too long.Īmeris Bank later reached a resolution in the U.S. Since its inception, officials have secured 10 settlements with financial institutions, facilitating increased credit access for communities of color in various cities, including Houston, Memphis, Philadelphia, and Jacksonville. Attorneys’ Offices, federal financial regulatory agencies, and state Attorneys General offices to enforce federal fair lending laws, including the Fair Housing Act and the Equal Credit Opportunity Act. ![]() In October 2021, Garland launched the Combating Redlining Initiative, marking the department’s most comprehensive endeavor to combat this systemic issue. ![]() DOJ's Combating Redlining Initiative secures 10 settlements - The Washington Informer Close
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