Peoples Bank to pay $20,000 penalty in Hispanic bias case

Source: Tulsa World, Okla.mini storageOct. 02--The Federal Deposit Insurance Corp. has ordered Peoples Bank in Tulsa to pay a $20,000 civil penalty for charging Hispanic applicants higher interest rates on auto loans than non-Hispanic borrowers.Peoples Bank entered into a consent agreement with the FDIC on July 23 to pay the penalty, said the order, which was released Monday.The FDIC determined that the bank had violated the Equal Credit Opportunity Act on loans origina迷你倉ed in 2011.Peoples Bank officials did not return calls for comment to the Tulsa World.The bank has locations at 445 S. Lewis Ave. and 5151 S. 33rd West Ave.The provisions of the order do not bar the FDIC or any other federal or state agency from taking other actions against the bank or its affiliated parties.Copyright: ___ (c)2013 Tulsa World (Tulsa, Okla.) Visit Tulsa World (Tulsa, Okla.) at .tulsaworld.com Distributed by MCT Information Services文件倉