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First National Bank of Pennsylvania Settles Redlining Lawsuit

Justice Department Lawsuit Biden Administration
Joe Biden

First National Bank of Pennsylvania Settles Redlining Charges

The First National Bank of Pennsylvania has reached a settlement with the Justice Department after being accused of discriminating against Black and Latino homebuyers in North Carolina for at least four years. The bank has agreed to pay $13.5 million to settle the redlining charges, with a majority of the funds being allocated to a loan subsidy program for Black and Latino borrowers in Charlotte and Winston-Salem.

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