Article: ATTORNEY GENERAL CUOMO OBTAINS APPROXIMATELY $1 MILLION FOR VICTIMS OF GREENPOINT'S DISCRIMINATORY LENDING PRACTICES

The New York State Attorney General issued the following news release:

Attorney General Andrew M. Cuomo today announced that his office has issued more than $900,000 in restitution to approximately 270 African-American and Latino borrowers who experienced discriminatory lending practices by GreenPoint Mortgage. Further, the office is proceeding with its investigation into potential discriminatory pricing by various mortgage brokers that did substantial business with GreenPoint. Greenpoint is a subsidiary of Capital One Financial Corporation.

The restitution comes from a groundbreaking fair lending agreement reached between the Attorney General's office and GreenPoint totaling approximately ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!