Tuesday, July 17, 2018

Suffolk FCU Settles Racial Discrimination Lending Complaint

Suffolk Federal Credit Union (Medford, NY) has settled with a Long Island housing group over charges that it discriminated against African-Americans and Latinos who sought information about mortgage loans.

As part of the settlement, the credit union will offer subsidies of up to $1,250 to eight borrowers a year, for three years, in certain Suffolk County ZIP codes. The credit union will also provide more staff training and hire a third-party group to test for discrimination by credit union employees.

The credit union in the agreement denied any allegation of engaging in discriminatory lending.

In a 2016 complaint, Long Island Housing Services claimed that the credit union violated the federal Fair Housing Act as well as state and county laws against discrimination.

Read the article.

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