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U.S. Justice Department launches new initiative to combat discriminatory lending -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This is the seal of United States Department of Justice on the New York City building of United States Attorney’s Office of Southern District of New York. It was placed there in Manhattan, New York City. REUTERS/Andrew Kelly

WASHINGTON, (Reuters) – The U.S. Department of Justice launched a new initiative against discriminatory lending practices on Friday. Attorney General Merrick Garland announced the news.

Garland said at a news conference that redlining is still a persisting form of discrimination which harms minorities.

The initiative will allow the authorities to mobilize resources that are focused on providing fair access credit. Fair lending will be addressed on a wider geographic scale than ever before by the initiative, which is more extensive than anything done previously by the Justice Department.

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