New Jersey officials are seeking remediation on behalf of residents affected by discriminatory mortgage practices uncovered by a multi-year investigation into Republic First Bank, said a report issued Tuesday by Attorney General Matthew Platkin.
Republic First Bank’s residential mortgage business violated the New Jersey Law Against Discrimination, according to an investigation launched in 2022 by the Attorney General’s Office, in collaboration with the state Division on Civil Rights and the Division of Law. The law prohibits lenders from making or setting the terms of home loans on the basis of race of national origin.
The report said Republic First Bank engaged in a pattern of unlawful mortgage redlining practices, in which the bank avoided making home loans in predominantly Black, Hispanic and Asian communities throughout New Jersey…