Justice Department, NJ bank reach $13M settlement in mortgage discrimination case

A federal complaint alleges that from at least 2015 to 2021, Lakeland Bank failed to provide mortgage lending services to Black and Latino communities in the Newark area.

The U.S. Justice Department and a New Jersey bank have struck a $13 million settlement in a mortgage discrimination complaint that resulted in the third-largest redlining settlement in history.

According to a press release from today!

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