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Department of Justice Settles Pricing Discrimination, Redlining Charges against Alabama Bank by Joseph L. Barloon
Skadden, Arps, Slate, Meagher & Flom LLP - Washington Office
Anand S. Raman
Skadden, Arps, Slate, Meagher & Flom LLP - Washington Office
Darren M. Welch
Skadden, Arps, Slate, Meagher & Flom LLP - Washington Office
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October 13, 2009
Previously published on October 2, 2009
In a complaint and Agreed Order for Resolution filed in federal district court in Alabama on Wednesday, September 30, 2009, the United States Department of Justice (DOJ) charged First United Security Bank of Thomasville, Alabama, with violations of the Fair Housing Act and the Equal Credit Opportunity Act by engaging in a pattern and practice of racial discrimination in loan pricing and by failing to serve a number of minority census tracts. The case, United States v. First United Security Bank, Civil Action No. 09-0644 (S.D. Ala., Sept. 30, 2009), arose from a referral by the Federal Deposit Insurance Corporation (FDIC) and is likely to have a significant impact on a number of ongoing FDIC pricing and redlining investigations.
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