Citizens bank reaches loan bias accord with HUD

July 29, 2016
Federal housing regulators July 29 said they approved an agreement that resolves allegations of lending bias by Philadelphia- and Rhode Island-based units of Citizens Bank.
     The Department of Housing and Urban Development said Citizens will pay a total of $115,000 to settle claims that it violated the Fair Housing Act by telling a female credit applicant that her application for a home equity line of credit would not be approved until she returned to work.
     The unnamed applicant alleged familial status discrimination, saying the bank held up her loan application because she was on maternity leave, even though she was still receiving her full pay.