On May 31, 2012, the United States, on behalf of over 20,000 African-American and Hispanic borrowers, filed this lawsuit under the Fair Housing and Equal Credit Opportunity Acts against SunTrust Mortgage in the United States District Court, Eastern District of Virginia, Richmond Division. The plaintiffs, represented by attorneys from the U.S. Department of Justice, asked the court for injunctive and monetary relief, claiming that the discriminatory lending practices of Defendant adversely affected African American and Hispanic borrowers. Specifically, Plaintiffs claimed that from 2005 to 2009, Defendant engaged in a pattern or practice of discrimination on the basis of race and national origin in residential mortgage lending.

On September 14, 2012, the Court approved a consent order resolving the plaintiffs' claims. The settlement provided $21 million in compensation for African-American and Hispanic borrowers who were charged higher fees based on their race or national origin. The settlement also required the defendant to continue using policies and practices it adopted during negotiations leading up to the lawsuit.

Parties are expected to file a Consent Order of Dismissal with Prejudice by October 31, 2016.

Gregory Pitt - 07/16/2012
Asma Husain - 02/16/2016


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