By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN
FEDERAL COURT / S Bronx, Feb 22 – Whether or not the U.S. Community Reinvestment Act will be again enforced until the new Administration and its regulators is an open question. And the proposed merger of two redlining banks, M&T and People's United, will be the litmus test.
On the 32nd day of the new Administration, the banks announced a proposed merger. Fair Finance Watch with Inner City Press exposed M&T as a redliner as well as money launderer; the first label applies to People's United as well.
So what willl the regulators in this ostensibly new world do? CRA protests will be filed, after FOIA requests. And it will be a, even the, litmus test. Watch this site.
Meanwhile in Federal court, PNC Bank and its Midland Loan Services have been sued for usury, predatory lending and civil conspiracy, under New York and Federal law.
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