Citadel agrees to pay $6.5M to settle DOJ’s redlining claims by Flávia Furlan Nunes for HousingWire

HousingWireHousingWire The U.S. Department of Justice (DOJ) announced on Thursday a $6.5 million agreement with Citadel Federal Credit Union to settle allegations of lending discrimination in certain neighborhoods of Philadelphia with majority Black and Hispanic populations. This is the DOJ’s first redlining settlement involving a credit union. The sector includes…

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Mayor who recommended reverse mortgages calls comments ‘regrettable’ by Chris Clow for HousingWire

HousingWireHousingWire As those on a fixed income continue to wrestle with rising property taxes, the mayor of South Portland, Maine, recently recommended that area seniors explore reverse mortgages as a potential option to add financial flexibility. After enduring backlash, Mayor Misha Pride has walked back his comments. “Contemplating the recent…

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