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The Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) have taken significant actions against financial institutions for discriminatory practices. Citadel Federal Credit Union has agreed to pay $6.5 million to settle DOJ’s redlining claims in Philadelphia, marking the first time a credit union has settled such a complaint. Additionally, the DOJ and CFPB have penalized Fairway Independent Mortgage Corporation for redlining Black neighborhoods in Birmingham, Alabama. Fairway will pay a $1.9 million penalty and offer $7 million in subsidies to affected communities. This marks a historic multi-million dollar settlement.

