HUD Approves Settlement Between California Reinvestment Coalition and CIT Bank
July 30, 2019
The U.S. Department of Housing and Urban Development (HUD) announced today that it has approved a Conciliation Agreement between the California Reinvestment Coalition and CIT Group, Inc., and CIT Bank, N.A., dba OneWest Bank, resolving allegations that the bank engaged in lending discrimination by “redlining” in the Los Angeles region. Read the agreement.