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Which bank will be the next to settle redlining allegations with the DOJ by end of 2024?
3
Resolution / Starting Odds
Wells Fargo • 25%
Bank of America • 25%
Chase • 25%
Other • 25%
Department of Justice announcements or news reports
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.
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Similar markets
Yes • 50%
No • 50%
Bank of America • 25%
JPMorgan Chase • 25%
Wells Fargo • 25%
Other • 25%
JPMorgan Chase • 25%
Bank of America • 25%
Wells Fargo • 25%
None by end of 2025 • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Guilty • 25%
Not Guilty • 25%
Settled • 25%
Dismissed • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
