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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Hudson City Bancorp to Pay $33M on Lending Practices
Hudson City Savings Bank today reached a $33 million settlement with the Department of Justice and the Consumer Financial Protection Bureau to resolve allegations that it engaged in discriminatory mortgage lending practices against predominantly African American and Hispanic neighborhoods. “This resolution represents the Justice Department’s largest residential mortgage 'redlining' settlement ...
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