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NJ Bank Agrees To $14M Subsidy Fund In DOJ Redlining Deal

By Jon Hill ( September 18, 2024, 12:51 PM EDT) -- A New Jersey regional bank has agreed to provide at least $14 million in loan subsidies as part of a proposed consent order unveiled Wednesday to settle U.S. government claims that it engaged in redlining, a form of illegal lending discrimination, in certain central parts of the state....

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