'Redlining' settlement requires Philly lender to improve mortgage access in communities of color

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Trident Mortgage Co. agreed to pay $20 million for systematically denying loans to low-income neighborhoods of color across Pennsylvania, New Jersey and Delaware in a settlement announced by the Department of Justice on Wednesday. It’s the second-largest redlining lawsuit in the department’s history. Between 2015 and 2019, Trident had an official policy of not lending in neighborhoods of color. The company is owned by Warren Buffett.



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