General News

Lawsuit claims Ulster Savings Bank offered black mortgage applicants worse deals than whites

Lawsuit claims Ulster Savings Bank offered black mortgage applicants worse deals than whites

The allegations against Ulster Savings Bank are contained in lawsuit filed in federal court by the Fair Housing Justice Center and three black “testers,” who reported discriminatory treatment ranging from steering them away from white neighborhoods to offering them less attractive loans than less qualified white clients — over the course of a two-year investigation.