Chevy Chase Bank To Pay $2.85M To Resolve Government's Fair-Lending Suit

Chevy Chase Bank To Pay $2.85M To Resolve Government's Fair-Lending Suit

ALEXANDRIA, Va. - The federal government on Sept. 30 filed in Virginia federal court a complaint and settlement agreement in which Chevy Chase Bank F.S.B. agreed to pay $2.85 million to resolve claims that it engaged in a pattern of discriminating against qualified African-American and Hispanic borrowers when providing them with mortgage loans between 2006 and 2009 (United States of America v. Chevy Chase Bank, F.S.B., No. 13-01214, E.D. Va.).

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