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Birmingham Sues Major Mortgage Lenders,|Alleging Outrageous Racial Redlining

BIRMINGHAM, Ala. (CN) - Birmingham's black neighborhoods are being devastated by major mortgage lenders' discriminatory redlining, targeting black areas for deceptive and unfair subprime loans, the city says in a fair housing complaint. Birmingham demands more than $10 million from Argent Mortgage, Countrywide, Wells Fargo Bank and Regions Financial, in Jefferson County Court.

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