Complaint Alleges Deutsche Bank Discrimination

February 25, 2014
Memphis Daily News 
mortgage lending news
According to a complaint filed on Feb. 25 with the federal government, Deutsche Bank allegedly discriminated against minority neighborhoods in the Memphis area in the way that it treated bank-owned properties.

The gripe from the National Fair Housing Alliance and HUD charges Deutsche Bank with failing to maintain and market residential properties in predominantly minority neighborhoods. The Housing Alliance claims, "This discriminatory provision of services results in deteriorated and dilapidated dwellings for sale in predominantly African-American and Latino neighborhoods and well-kept properties for sale in white neighborhoods."

Deutsche Bank is the third major bank the national nonprofit housing alliance has accused of violating the Fair Housing Act in Memphis.









Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty
  

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.



`