We are committed to ensuring that everyone in New Jersey has access to the American dream of homeownership, regardless of race, color, or national origin,” said U.S. Attorney for the District of New Jersey Philip R.

The federal government alleges the bank engaged in discriminatory lending practices in predominantly Black, Hispanic and Asian neighborhoods in Central Jersey.

OceanFirst Bank has agreed to pay over $15 million to settle federal allegations of redlining in predominately minority neighborhoods in three New Jersey counties, federal officials announced Wednesday.

A Jersey Shore bank will pay more than $15 million in a settlement for racially discriminatory lending practices known as redlining, authorities said. OceanFirst Bank agreed to the settlement to resolve the accusations that date back to 2018,

OceanFirst Financial Corp. said it will spend $15 million to resolve allegations that it discriminated against Black, Hispanic, and Asian communities.