The opportunity cost of modern-day redlining
Housing Wire
APRIL 9, 2024
Modern-day redlining persists, and it’s costing lenders millions in legal fees. The cost of lost business opportunity is even higher. From 2020 to 2030, the Urban Institute projects 8.5 Last October, Ameris Bank had to pay $9 million to settle a redlining case. More recently, Patriot Bank paid $1.9 million net new households.
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