Washington Trust agrees to $9M settlement of federal redlining allegations

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THE WASHINGTON TRUST CO. has agreed to a $9 million settlement of allegations by the U.S. Justice Department that it engaged in discriminatory lending practices. The bank denies the allegations. / PBN FILE PHOTO/SCOTT KINGSLEY
THE WASHINGTON TRUST CO. has agreed to a $9 million settlement of allegations by the U.S. Justice Department that it engaged in discriminatory lending practices. The bank denies the allegations. / PBN FILE PHOTO/SCOTT KINGSLEY
PROVIDENCE – The Washington Trust Co. has agreed to a $9 million settlement to resolve allegations that the bank engaged in lending discrimination from 2016 to 2021 by redlining Black and Latino neighborhoods in Rhode Island, the U.S. Attorney's Office in Rhode Island announced Wednesday. Redlining is a discriminatory practice in which lenders avoid providing…

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