How it works
Answer a brief, private online questionnaire that asks for key details of the experience
Have the case evaluated by a legal team free of charge without any obligation to file
Depending on the circumstances, the case could be filed for potential compensation
More Information
Bank Discrimination Against Muslims
Bank Discrimination Against Muslims
In recent years, Muslim individuals, businesses, and nonprofits have reported facing potentially discriminatory practices at some of the nation’s largest banks.
According to a report released by a nonprofit that provides research about American Muslims, a quarter of the American Muslim population has faced hurdles while banking in the United States.
These challenges include:
- Not being allowed to open an account;
- Having an account suspended or closed; and
- Having payments subjected to extra scrutiny.
The team of Civil Rights Leader and Trial Lawyer Ben Crump and the award-winning trial attorneys at Hilliard Martinez Gonzales urges anyone who suspects they were victims of lending discrimination by US banks and financial institutions to come forward for a free case evaluation to get justice and potential compensation.
PHOTOS DO NOT INCLUDE ACTUAL CLIENTS/ATTORNEYS/BANK REPRESENTATIVES OR ACTUAL EVENTS BUT ACTORS PORTRAYING BANKERS AND CUSTOMERS.
DOJ announces securing over 31 Million from City National Bank
According to federal officials, Los Angeles-based City National Bank®, a subsidiary of Royal Bank of Canada®, agreed to pay a record $31 million settlement with the Justice Department over allegations the bank engaged in lending discrimination, or redlining, from 2017 through at least 2020.
City National® is the latest bank in the past several years to be found systematically avoiding lending to racial and ethnic minorities. In a practice commonly referred to as redlining, City National® avoided marketing and underwriting mortgages in majority Black and Latino neighborhoods in Los Angeles County.
Other banks operating in those neighborhoods received six times the number of mortgage applications—and, opened 11 more branches—than City National® did. According to Attorney General Merrick B. Garland “Lending discrimination runs counter to fundamental promises of our economic system.
“When people are denied credit simply because of their race or national origin, their ability to share in our nation’s prosperity is all but eliminated. Today, we are committing ourselves to addressing modern-day redlining by making far more robust use of our fair lending authorities."
“We will spare no resource to ensure that federal fair lending laws are vigorously enforced and that financial institutions provide equal opportunity for every American to obtain credit.”
The Justice Department alleges City National®, a bank with roughly $95 billion in assets, was so reluctant to operate in neighborhoods where most of the residents are people of color, the bank only opened one branch in those neighborhoods in the past 20 years.
In addition, no employee was dedicated to underwriting mortgages at that one branch, unlike branches in majority-white neighborhoods. The Justice Department's new Combatting Redlining Initiative represents the department’s most aggressive and coordinated enforcement effort to address redlining, which is prohibited by the Fair Housing Act and the Equal Credit Opportunity Act.
Lending Discrimination in Black & Hispanic Neighborhoods
A new analysis of mortgage lending in Boston from 2015-2020 found lenders denied mortgages to Black applicants at three times the rate of white applicants.
Hispanic applicants were twice as likely to be denied a loan compared with white applicants.
The analysis of publicly available federal data through the Home Mortgage Disclosure Act (HMDA) found 3,501 applications for loans to purchase homes were denied in Boston between 2015 and 2020, amounting to 6% of all such applications.
The Fair Housing Act [FHA] protects people from discrimination when they are renting or buying a home, getting a mortgage, seeking housing assistance, or engaging in other housing-related activities—plus, additional protections apply to federally-assisted housing.
The Fair Housing Act prohibits discrimination in housing because of:
- Race
- Color
- National Origin
- Religion
- Sex, Gender Identity, & Sexual Orientation
- Familial Status
- Disability
The Fair Housing Act covers most housing—sometimes the Act exempts owner-occupied buildings with no more than four units, single-family houses sold or rented by the owner without the use of an agent, and housing operated by religious organizations and private clubs that limit occupancy to members.
However, fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.
In addition, a new Northwestern University analysis finds that racial disparities in the mortgage market suggest that discrimination in loan denial and cost has not declined much over the previous 30 to 40 years, yet discrimination in the housing market has decreased during the same time period.
Request a Free Case Evaluation
Racial discrimination against black and hispanic employees and customers in financial services has some of the most wide-ranging consequences for the cultural and economic landscapes.
The financial services industry provides critical infrastructure for the national economy, helping people and businesses process transactions, raise money for new ventures, and facilitate services like insurance and employee benefit programs.
There’s an important high bar that banks and financial institutions need to meet for diversity and inclusion.
Racial discrimination and various types of market failure have led to banking and credit deserts in underserved urban and rural communities.
According to 2020 survey data from Bankrate, minorities, millennials, and Northeasterners reported paying higher bank fees.
White checking account holders reported paying the lowest amount in monthly bank fees, $5, compared to $12 for Black account holders and $16 for Latino or Hispanic account holders.
Also, a new Northwestern University analysis finds that racial disparities in the mortgage market suggest that discrimination in loan denial and cost has not declined much over the previous 30 to 40 years, yet discrimination in the housing market has decreased during the same time period.
Researchers say that the results suggest that anti-discrimination enforcement in the housing and mortgage markets should continue, and efforts should be increased to ensure that all home seekers receive equal treatment regardless of their race or ethnic background.
Bias tied to race and perpetuated by institutions that benefit from it has long sustained a wide divide in financial opportunities and income levels between white Americans and other communities.
In the recent Edelman Trust Institute survey, more than 2,100 people from white, Black, Latinx, and Asian communities, told us that prejudice runs deep in the financial services sector, and that distrust of it runs high among Black and Brown communities.
Civil Rights Leader and Trial Lawyer Ben Crump and the award-winning trial attorneys at Hilliard Martinez Gonzales have experience in helping bank and financial institutions employees and customers who have experienced racial discrimination to get justice and compensation.
About Us
We stand on the side of employees and customers suffering racial discrimination at U.S. banks and financial institutions.
Bank Discrimination Claims has partnered with renowned Civil Rights Leader and Trial Lawyer Ben Crump, and the award-winning trial attorneys at Hilliard Martinez Gonzales, to fight discrimination and unfair practices by banks and financial institutions.
About Us
We stand on the side of employees and customers suffering racial discrimination at U.S. banks and financial institutions.
Bank Discrimination Claims has partnered with renowned Civil Rights Leader and Trial Lawyer Ben Crump, and the award-winning trial attorneys at Hilliard Martinez Gonzales, to fight discrimination and unfair practices by banks and financial institutions.
Please seek the advice of a medical professional before making health care decisions. This advertisement is not associated with any government agency.
"PHOTOS DO NOT NOT INCLUDE ACTUAL CLIENTS/ATTORNEYS/BANK REPRESENTATIVES OR ACTUAL EVENTS BUT ACTORS PORTRAYING BANKERS AND CUSTOMERS."
bankdiscriminationclaims.com is the property of Shield Legal LLC. 7180 S Pollock Drive, 2nd Floor, Las Vegas, NV 89119
This website is not part of the Facebook website or Facebook, Inc. Additionally, this site is NOT endorsed by Facebook in any way. FACEBOOK is a trademark of FACEBOOK, INC.
ATTORNEY ADVERTISING. Dramatization. Prior results do not guarantee a similar outcome. Anyone considering a lawyer should independently investigate the lawyers credentials and ability, and not rely upon advertisements or self-proclaimed expertise. Not valid in all states. Cases may be referred to third party attorneys and law firms. Please call your physician before making any medical decision, including altering your use of any medication. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. Your initial call may not be a with a licensed attorney and does not constitute legal advice or create an attorney-client relationship. An attorney-client relationship will only be created by a written agreement between a law firm and a client. The statements made here do not fully state all the requirements needed for a successful case. No legal fee unless you win but client may be responsible for costs of litigation and any awarded costs and fees. Bank Discrimination Claims does not itself provide legal services. Cases will be referred to third party attorneys and law firms. Do not rely on this advertisement in making any medical decision. Please call your physician before making any medical decision, including altering your use of any drug. Court costs and case expenses may be the responsibility of the client. Not available in all states. This advertisement is not intended as a testimonial, endorsement or dramatization, and does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter, either expressed or implied. Anyone considering a lawyer should independently investigate the lawyers' credentials and ability, and not rely upon advertisements or self-proclaimed expertise. Please be advised that certain states may consider this an attorney advertisement. Our Service does not address anyone under the age of 13("Children").
Washington DC
633 Pennsylvania Ave NW
Floor 2Washington D.C. 20004
Tallahassee
122 S. Calhoun St.
Tallahassee, FL 32301
Los Angeles
11111 Santa Monica Blvd #700
Los Angeles, CA 90025
Sacramento
1215 K ST. 17th Floor
Sacramento, CA 95814
Privacy Policy | Terms and Conditions | CCPA Privacy Notice | Do Not Sell My Info
©2024 Bank Discrimination Lawsuit. All Rights Reserved