Monday, December 11, 2017
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Video: Former Deutsche Bank Unit In $12 Million Deal To Resolve Bias Claims

By Clip Syndicate
Deutsche Bank has lots of problems these days: A former Deutsche Bank unit will pay $12.1 million to harmed borrowers in order to resolve allegations that it discriminated against African-American and Hispanic borrowers seeking mortgage loans. MortgageIT, which was an indirect subsidiary of the German bank, charged higher rates and fees to minority borrowers and denied their loan applications more often than comparable white borrowers.

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