kansas9839
Junior Member
Joined: May 2016
Posts: 43
I had a general question about Fair Lending an how it relates to redlining. I am having to provide information to my manager to help quantify why we should close down branches in majority minority areas and how we can make sure that we are not accused of redlining. Everything I have read about the banks that have been accused of redlining states that the cases brought before them are due to the fact that these banks have not provided loans in majority minority areas. From all I read, they charge higher rates than non minority people. In addition, the loan officers are not reflective of the people they are serving in the community. Are their specifics on how close a branch should be to a majority minority area? I really need help on all of this as I can't find anything out there. Thank you.