As recently as 2015, a bank with a strong foothold in Western New York – Evans Bank – was accused of redlining and was required to pay over $1 million in fines to settle the lawsuit. Although federal policy prohibits this type of discriminatory behavior and has for over half a century, banks may still be directly engaged in these actions.
For more information on the lawsuit, click here.
Published Work Related to Banking in Buffalo
There are several pieces of existing published work around banking, banking practices, and implications in Buffalo.
Gilbert, Jessica. The Consequences of Being Unbanked in Buffalo. Report. Buffalo, NY: Partnership for the Public Good, 2018.
The Most Unbanked Places In America.
Unbanked and Underbanked for Buffalo-Niagara Falls, NY, 2015 by Selected Household Characteristics.