Old National Bank settles housing loan discrimination lawsuit

INDIANAPOLIS (AP) — An Indiana-based slope has agreed to nonstop much lodging loans to majority-Black neighborhoods successful settling a national favoritism suit filed by a just lodging organization.

Evansville-based Old National Bank faced allegations successful the October suit that it engaged successful lodging favoritism against Blacks successful Indianapolis.

The colony statement calls for Old National to originate much than $27 cardinal successful loans to qualified Black applicants and lend much than $3 cardinal to make programs to assistance Black location seekers unafraid mortgages.

Any Nelson, manager of Fair Housing Center of Central Indiana, said the statement volition supply much owe opportunities, slope branches, vicinity stabilization grants and just lending education.

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