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Mnuchin's Bank Accused of Redlining Black, Latino Home Buyers | Tony Seruga
Nov
17

Mnuchin’s Bank Accused of Redlining Black, Latino Home Buyers

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  • Two groups file claim against OneWest, which he built and sold
  • He has been a leading contender to run Treasury under Trump

OneWest Bank, the lender Steven Mnuchin built and then sold last year, broke federal laws by keeping branches out of minority neighborhoods and making few mortgages to black and Latino borrowers, two housing advocacy groups alleged to U.S. regulators.

Their redlining complaint doesn’t name the financier, but it may complicate his potential appointment to Treasury secretary under Donald Trump. As recently as Monday, the president-elect’s transition team viewed him as its top candidate, people familiar with the process said at the time…

Mnuchin’s Bank Accused of Redlining Black, Latino Home Buyers

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