“Providing equal access to credit is essential in every community, but the painful history of Tulsa makes this agreement particularly poignant because the redlined areas include historically Black neighborhoods that have endured the legacy of racial violence and the continuing effects of segregation and discrimination,” said Kristen Clarke, assistant attorney general in the DOJ’s civil rights division.
In a statement Monday, the bank denied the DOJ allegations but said the settlement would “avoid the cost and distraction of protracted litigation.”
