News stories tagged appraisal bias

Pennsylvania Lender To Pay More Than $3M in DOJ Redlining Settlement

Dive Brief: Stroudsburg, Pennsylvania-based ESSA Bank & Trust will pay more than $3 million to settle redlining allegations, the Justice Department announced Wednesday. The bank, between 2017 and 2021, “failed to provide mortgage...

Ohio Bank Reaches $9M Redlining Settlement With DOJ

As part of the consent order, Park National has agreed to invest at least $7.75 million in a loan subsidy fund to increase access to credit for home mortgage, improvement and refinance loans, as well as home equity loans and lines of credit in majority-Black and Hispanic neighborhoods in the Columbus area

FFIEC Subcommittee Hearing on Appraisal Bias

Jan. 26, 2023 — To root out racial bias in the U.S. appraisal system, some experts say there’s no point in nibbling at the edges. Instead, they suggest tearing the...

FFIEC Appraisal Subcommittee Hearing on Appraisal Bias

Join the Federal Financial Institutions Examination Council’s Appraisal Subcommittee (ASC) for a hearing about appraisal bias. Invited witnesses representing key stakeholder groups will share their views with the ASC during...