Sunday, December 25, 2022

Key Bank Amid Data Breach Lawsuits Engages In Disparate Loans Regulators Asleep at Switch

 

By Matthew Russell Lee, Patreon

SOUTH BRONX, Dec 19 -  Key Bank is in decline, both in consumer compliance and in fair lending.

  Reporting from and on the Federal courts, Inner City Press has noticed a slew of data breach cases filed against KeyCorp, since August 2022, now moving toward a multi-district consolidation. 

  Fair Finance Watch, looking at Key Bank's 2021 lending at first in New York State, notes that while Key Bank made 7916 mortgage loans to whites, with 1733 denials, it made only 266 loans to African Americans, with fully 140 denial.

 It should be sued by the Department of Justice, and many others - watch this site.

sdny

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