Tag: discrimination settlement

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Fair Lending with a Twist: Discrimination Against White Males

Fair Lending with a Twist: Discrimination Against White Males

By: Melanie Brody, Tori K. Shinohara

A Maryland-based community bank recently was the target of an OCC enforcement action alleging that the bank discriminated against white men. Specifically, the OCC alleged that First Community Bank discriminated on the basis of race and sex by imposing a ceiling on loan compensation paid by female and minority borrowers, but not by other borrowers. The Bank settled and agreed to make restitution to the aggrieved borrowers. Read More

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