U.S. Justice Department launches new initiative to combat discriminatory lending
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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)
Source Link U.S. Justice Department launches new initiative to combat discriminatory lending
Tajammul Pangarkar
Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.
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