Reaches

AL 2009 Community Banks / Credit Unions

DOJ Redlining

Penalty

$600,000

Outcome

Justice Department Reaches Settlement with First United Security Bank of Thomasville, Alabama, Regarding Alleged Discrimination in Lending

Details

Reaches — DOJ Enforcement (2009)

DOJ took enforcement action against Reaches in AL in 2009 involving redlining violations in the Community Banks / Credit Unions sector.

Penalty: $600,000

Violation types: Redlining
Entity type: Financial Institution
Penalty type: Settlement
Location: AL

Source: DOJ Press Release — Justice Department Reaches Settlement with First United Security Bank of Thomasville, Alabama, Regarding Alleged Discrimination in Lending

How Crucible Prevents This

Crucible's fair lending compliance module monitors geographic lending patterns and flags statistical disparities before they become enforcement targets.

Source: DOJ Press Release — Justice Department Reaches Settlement with First United Security Bank of Thomasville, Alabama, Regarding Alleged Discrimination in Lending

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