Loading...
Market
What will be the primary focus area of OceanFirst Bank's $14M loan subsidy fund by end of 2024?
2
Resolution / Starting Odds
Low-income neighborhoods • 25%
Minority communities • 25%
First-time homebuyers • 25%
Small businesses • 25%
OceanFirst Bank's financial reports or statements
Story
OceanFirst Bank Settles Redlining Allegations with $15M Payment, $14M Loan Subsidy Fund
Sep 19, 2024, 05:45 PM
New Jersey's OceanFirst Bank has agreed to pay $15 million to resolve allegations of illegal redlining. The settlement includes a commitment to invest at least $14 million in a loan subsidy fund as part of a proposed consent order to settle DOJ claims. This resolution is part of a broader federal initiative to combat redlining, which has resulted in settlements with 13 mortgage lenders totaling more than $137 million since 2021.
View original story
Similar markets
Wildlife Conservation • 25%
Historical Preservation • 25%
Visitor Infrastructure • 25%
Educational Programs • 25%
St. Pete Beach • 25%
Tropicana Field • 25%
Miami • 25%
Tampa • 25%
Rural areas • 25%
Urban areas • 25%
Suburban areas • 25%
Mixed areas • 25%
Real Estate • 25%
Technology • 25%
Healthcare • 25%
Energy • 25%
North America • 25%
Europe • 25%
Asia-Pacific • 25%
Other • 25%
Farmers • 25%
Disaster Victims • 25%
Military • 25%
Essential Services • 25%
Domestic abuse support services • 25%
Online harassment and abuse measures • 25%
Housing support for survivors • 25%
Other initiatives • 25%
Increase Bitcoin holdings • 25%
Acquire limited partner stakes • 25%
Debt repayment • 25%
Other • 25%
Highways • 25%
Airports • 25%
State-of-the-art manufacturing • 25%
Other • 25%
City Budget • 25%
Federal Funding • 25%
Private Donations • 25%
Other • 25%
Health care expenses • 25%
Property damage repairs • 25%
Relocation costs • 25%
Other • 25%
Food Security • 25%
Infrastructure Rebuilding • 25%
Healthcare • 25%
Education • 25%