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Sunday, September 25, 2022

Attorney General Merrick Garland announces redlining crackdown, Memphis settlement

In an address to staff, Garland cited the history of banks denying loans to Black borrowers during the Great Depression — a tactic known as redlining — and warned that such practices remain widespread more than 90 years later. He said the department would, in conjunction with other federal agencies, mount the federal government’s “most aggressive and coordinated effort” to root out and punish those who violate federal laws that prohibit such practices.

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