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Jan 13, 2023

Largest-ever settlement reached over mortgage redlining

Yesterday, the Department of Justice reached a settlement with the California-based City National Bank over accusations of mortgage “redlining” in Latino and Black neighborhoods in Los Angeles County. The settlement is the largest in U.S. history, clocking in at $31 million. The storm in California is helping the drought situation, but there’s now talk of improving the state’s stormwater storage system. And, the BBC’s Ben Chu reports on the dire economic and political situation in Sri Lanka.

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Largest-ever settlement reached over mortgage redlining — Stefani Reynolds/AFP via Getty Images

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Segments From This Episode

California-based bank to pay $31 million in redlining lawsuit
Marketplace’s Nancy Marshall-Genzer explains.
Capturing stormwater to deal with California’s drought is complicated
by Lily Jamali
Mario Tama/Getty Images
The infrastructure to capture California stormwater could be decades away, officials say.
Sri Lanka's economy continues to languish
The BBC’s Ben Chu reports from the capital Colombo.

The Team

David Brancaccio Host
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Ariana Rosas Producer
Jarrett Dang Digital Producer (gone fishing)
Jesson Duller Media Producer
Brian Allison Technical Director
Nick Esposito Media Producer
Katie Barnfield Producer, BBC
James Graham Producer, BBC
Jo Critcher Producer, BBC

Marketplace®

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Largest-ever settlement reached over mortgage redlining

Subscribe:

Segments From This Episode

California-based bank to pay $31 million in redlining lawsuit

Capturing stormwater to deal with California’s drought is complicated

Sri Lanka's economy continues to languish

The Team