|
|
Article: Was bias case a beginning or an end?(Chevy Chase Federal Savings Bank F.S.B. redlining case)
- Article from:
- American Banker
- Article date:
- August 22, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
One year to the day after Chevy Chase Federal Savings Bank settled its controversial fair-lending case, the banking industry still can't agree what it means.
Observers are split into two camps: those who believe Chevy Chase is just the start of things to come and those who contend it was the crest of the fair-lending enforcement wave.
Andrew Sandler, an attorney who represented Chevy Chase, said bankers are deceiving themselves if they believe the Justice Department has backed off.
"The continuing controversy concerning the Chevy Chase consent decree has not dissuaded the Department of Justice from aggressively pursuing its fair-lending enforcement program," said Mr. ...