SunTrust Mortgage Inc. has agreed to a $21 million settlement to resolve allegations that the Richmond, Va.-based company increased loan prices for qualified black and Hispanic borrowers, the U.S. Justice Department said on May 31.
DOJ lawyers said the settlement money would be used to pay discrimination victims in 34 states and the District of Columbia. The government alleged that the discrimination occurred between 2005 and 2009. A consent order was filed in U.S. District Court in Richmond.
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