'This settlement is a stark reminder that redlining is not a problem from a bygone era,' said Kristen Clarke, an assistant U.S. attorney general, announcing a $20 million deal with Trident Mortgage, a subsidiary of Warren Buffett's Berkshire Hathaway.
"This settlement is a stark reminder that redlining is not a problem from a bygone era," said Kristen Clarke, an assistant U.S. attorney general, announcing a $20 million deal with Trident Mortgage.The U.S.
Under the terms of the agreement, Trident will invest over $20 million in boosting credit opportunities in neighborhoods of color in the Philadelphia metropolitan area. "Along with our federal and state law enforcement partners, we are sending a powerful message to lenders that they will be held accountable when they run afoul of our fair lending laws," she added.