by Matthew Russell Lee, Patreon Book Substack
SOUTH BRONX, NY Feb 5 – On the day a bank that has been permitted several mergers even as it engaged in discrimination settled those charges, on February 5 "The American Bankers Association, the U.S. Chamber of Commerce, Independent Community Bankers of America, Texas Bankers Association, Independent Bankers Association of Texas, Amarillo Chamber of Commerce and Longview Chamber of Commerce filed a lawsuit in the Northern District of Texas against the Federal Reserve, FDIC and OCC."
Beyond venue shopping, the largest banks in the US are responsible for the ABA lawsuit - they are hypocrites, on which we'll have more.
Consider: First National Bank of Pennsylvania applied to the Federal Reserve to buy Yadkin bank in North Carolina, Fair Finance Watch challenged it on Community Reinvestment Act and fair lending grounds.
The Federal Reserve, as usually, rubber stamped the merger. Now in February 2024 the Justice Department had sued and settled with FNB on fair lending grounds.
Inner City Press had wanted to ask DOJ about the Fed (including in its recent Patriot Bank action), but has been unable so far. Watch this site
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