App State TailGate, February 6, 2024, Banking Trade Groups File Lawsuit Against Federal Regulators Over Redlining Reversal Efforts
In response to the lawsuit, Jesse Van Tol, president of the National Community Reinvestment Coalition, expressed disappointment with the banking industry’s actions, stating, “The banking industry is showing its true colors. Nobody should believe them when they say they care about lending to working-class people and people of color.” Representatives of the federal agencies declined to comment on the lawsuit.
