TITLE

New York bank to provide $55 million in loans to settle bias allegations

PUB. DATE
September 1997
SOURCE
Jet;09/01/97, Vol. 92 Issue 15, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports on attempts by Albank to resolve US Justice Department allegations that it refused to make loans in some minority neighborhoods, a practice of bias referred to as redlining. Provisions for $55 million in cut-rate home mortgages to areas in Connecticut and New York; Comments from Albank president and chief executive officer Herbert Chorbajian.
ACCESSION #
9709140891

 

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