U.S., North Carolina File Lending Discrimination Lawsuit Against First National Bank Of Pennsylvania; First National Bank Of Pennsylvania Agrees To Settle Lending Discrimination Case Brought By Us Government, North Carolina
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The U.S. government and North Carolina have filed a lending discrimination lawsuit against First National Bank of Pennsylvania. The bank has agreed to settle the case, according to a court filing.
February 05, 2024 | 3:08 pm
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First National Bank of Pennsylvania has agreed to settle a lending discrimination lawsuit filed by the U.S. government and North Carolina.
The settlement of a lending discrimination lawsuit typically involves financial penalties and could damage the bank's reputation, potentially leading to a decrease in stock price in the short term due to investor concerns over financial impact and regulatory scrutiny.
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