Items Tagged with 'Emigrant Bank'

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  • Groundbreaking ruling? Federal jury finds Emigrant Bank liable for predatory lending

    Plaintiffs' lawyers claim decision is first jury verdict in "reverse redlining" case
    In what the plaintiffs’ attorneys are calling a "first of its kind" decision, a federal jury in Brooklyn ruled this week that Emigrant Savings Bank and Emigrant Mortgage Company engaged in predatory lending by "aggressively marketing toxic mortgages to Black and Latino homeowners with poor credit" in the run-up to the housing crisis.
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