RBC subsidiary in U.S. to pay $31-million redlining settlement

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The Justice Department says the agreement with City National, which RBC bought in 2015, marks the largest redlining settlement in department history.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way.

Assistant Attorney General Kristen Clarke, who leads the Justice Department’s civil rights division, said in a statement that the settlement should send a strong message to the financial industry that the agency expects lenders to serve all members of a community.

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