Trump Treasury candidate's bank accused of discrimination

By REUTERS
November 18, 2016 00:02

WASHINGTON - Two California housing advocacy groups have alleged that a bank formerly controlled by Steven Mnuchin, a top candidate to be President-elect Donald Trump's Treasury secretary, engaged in discriminatory practices against black and Latino communities.

In a complaint filed with the US Department of Housing and Urban Development, the groups are seeking an investigation of claims that OneWest Bank violated the Fair Housing Act through "redlining" practices such as failing to locate bank branches in black and Latino communities and extending very few or no mortgage loans to borrowers of color.

Mnuchin, a former Goldman Sachs executive and Hollywood film financier who is under consideration for the Treasury post, was not mentioned in the complaint, submitted on Wednesday by the California Reinvestment Coalition and Fair Housing Advocates of Northern California.


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