New York City Officials Freeze Accounts

  • Officials in New York City limited account deposits on Thursday at Capital One and KeyBank after the financial institutions failed to submit required anti-discrimination plans.
  • The city issued mandates earlier this year for banks which hold public funds to detail “specific steps to combat different forms of discrimination in their operations.”
  • An announcement from the office of New York City Comptroller Brad Lander claimed that Capital One and KeyBank “outright refused” to comply with the requirement.
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