Rhinebeck Bank will pay out at least $950K in N.Y. car dealer interest discrimination settlement

New York Superintendent of Financial Services Adrienne Harris. (New York Department of Financial Services) — New York Superintendent of Financial Services Adrienne Harris. (NEW YORK DEPARTMENT OF FINANCIAL SERVICES)

October 12, 2022 02:42 PM

Rhinebeck Bank has agreed to pay a $950,000 penalty and restitution to settle allegations its partner auto dealerships discriminated against minority borrowers in New York state.

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