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ESSA Bank & Trust settles US discrimination allegations -Justice Dept

2023-06-01 00:51
WASHINGTON ESSA Bank & Trust has agreed to pay over $3 million to resolve allegations it engaged in
ESSA Bank & Trust settles US discrimination allegations -Justice Dept

WASHINGTON ESSA Bank & Trust has agreed to pay over $3 million to resolve allegations it engaged in lending discrimination by redlining majority-Black and Hispanic neighborhoods in and around Philadelphia, the Justice Department said on Wednesday.

A complaint filed in federal court alleges the bank engaged in the discriminatory behavior from at least 2017 to 2021, the department said in a statement.

(Reporting by Rami Ayyub)