Hudson City Bancorp faces probe over lending practices

April 15, 2015 7:32 PM

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April 15 (Reuters) - Hudson City Bancorp faces a U.S. government investigation into discriminatory lending practices, Bloomberg reported, citing two people familiar with the matter.

The U.S. Justice Department and Consumer Financial Protection Bureau (CFPB) are examining whether the bank violated the Fair Housing Act, Bloomberg reported, adding that a preliminary CFPB review concluded that the bank denied loans to people in minority communities. (bloom.bg/1FL2y6M)

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