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Bank Settles Lending Discrimination Allegations
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First National Bank of Pennsylvania has reached a $13.5 million settlement to resolve allegations of lending discrimination in North Carolina, aiming to increase credit opportunities for communities of color in Charlotte and Winston-Salem.
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How might this settlement impact the reputation of First National Bank of Pennsylvania and its relationships with communities of color?
In what ways can this settlement influence broader efforts to address lending discrimination and promote fair lending practices across the finance industry?
What measures can banks take to ensure fair lending practices and avoid discrimination in lending decisions?
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