U.S. Justice Department launches new initiative to combat discriminatory lending

October 22, 2021

WASHINGTON (Reuters) – The U.S. Department of Justice has launched a new initiative to combat discriminatory lending practices, Attorney General Merrick Garland said on Friday.

“Unfortunately, ‘redlining’ remains a persistent form of discrimination that harms minority communities,” Garland told a news conference.

Through the initiative, authorities “will mobilize resources focused on making fair access to credit,” he said. “It will seek to address fair lending concerns on a broader geographic scale than the Justice Department has ever done before.”

(Reporting by Pete Schroeder, writing by Chris Gallagher)

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Tajammul Pangarkar

Tajammul Pangarkar is a tech blogger, and has contributed to numerous tech magazines. Tajammul longstanding experience in the field of mobile technology and industry research is reflected in his insightful news articles as presented on News.market.us. His interest lies in understanding the tech trends, mobile applications and technical consciousness on these increasingly consumer-oriented industries. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.