Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

KleinBank slapped with federal redlining lawsuit

 

January 17, 2017



The U.S. Justice Department has accused Chaska-based KleinBank of redlining, the illegal practice of denying mortgage loans to minority residents.

In a federal lawsuit filed late Friday, lawyers from the department's civil rights division said KleinBank engaged in discrimination in Minneapolis and St. Paul by failing to market its services and open bank branches in areas dominated by minorities. KleinBank, which operates 21 branches in mostly outer-ring suburbs of the Twin Cities, is one of Minnesota's largest community banks.

http://www.startribune.com/feds-accuse-minnesota-bank-of-redlining/410844165/

 

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