The suit asserted that Citibank had denied his clients mortgages, an outcome they believed was related to their race.
The case was settled out of court with Citibank agreeing to change its standards for lending in urban areas and to applicants who would not otherwise qualify.
Related articled in the same series at DC:
With landmark lawsuit, Barack Obama pushed banks to give subprime loans to Chicago’s African-Americans
Obama's African-American clients got coupons, not cash
Obama’s Citibank plaintiffs hit hard when housing bubble burst
'Crime in the area has increased. Some people don't want to bother with living in the neighborhood'
And watch this video on subprime mortgages.
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