SouthEast Bank Hit with $1.5M Fine for Discriminatory Student Loan Refinancing Practices Against Minorities
In a significant move towards addressing systemic inequalities in the financial sector, the Justice Department has announced a landmark settlement with SouthEast Bank. The Tennessee-based institution has agreed to pay $1.5 million to resolve allegations of engaging in discriminatory lending practices. The bank’s policies disproportionately denied Black and American Indian/Alaska Native (AI/AN) graduates the opportunity