HUD AND FIRST FEDERAL BANK OF KANSAS CITY REACH $2.8 MILLION SETTLEMENT

The U.S. Department of Housing and Urban Development (HUD) announced today an agreement with First Federal Bank of Kansas City to resolve allegations of ‘redlining’ against African American mortgage applicants.  HUD and two fair housing organizations claimed the lender’s designated service area effectively excluded African American neighborhoods, limiting residential mortgage lending to persons based upon their race


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