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Trump regulator quietly shelved discrimination probes Into banks

Source: Patrick Rucker, Capitol Forum/ Probublica (Paid Registration)

In 2018, bank regulators trained to spot discriminatory lending detected something alarming at Bank of America. The bank was offering fewer loans to minority homebuyers in Philadelphia than to white people in a way that troubled examiners from the Office of the Comptroller of the Currency, according to two people directly involved in the probe and internal documents reviewed by ProPublica and The Capitol Forum.

Since President Donald Trump took office, the OCC has quietly shelved at least six investigations of discrimination and redlining, according to internal agency documents and eight people familiar with the cases.

Read Full Article: Trump regulator quietly shelved discrimination probes Into banks

 

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