Redlining is a discriminatory practice that started in the 1930s where the federal government “red-lined” neighborhoods that included racial & ethnic minorities, excluding these “high risk” neighborhoods from services such as bank loans, mortgages, healthcare, and even food. Some might think that such practices have stopped, but they continue to this very day. In 2019, Liberty Bank settled out of court on a $16 million lawsuit from the Connecticut Fair Housing Center, that alleged that the bank engaged in illegal redlining practices. As a result, Liberty Bank committed time, energy and resources to a wide range of programs for communities that have traditionally had difficulty accessing credit.
What are the redlining practices that are still operating in your region? Answer here.