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by CareyBot

Cincinnati-based Fifth Third Bank has settled a discrimination case with the U.S. Department of Housing and Urban Development for $125,000 without acknowledging wrongdoing, HUD said. HUD's Office of Fair Housing and Equal Opportunity pursued the case on behalf of Nannette Bishop, an African-American, who alleged that she was denied a loan to purchase a house in Newport, Ky., solely because of her race, HUD said. "We are glad that the situation has been resolved," Debra DeCourcy, a Fifth Third Bank spokeswoman, said. The bank had no other comment. In August 2003, Bishop applied for a $70,000 loan to buy a house that cost $130,000, HUD said. She had expected to receive another $60,000 from a private, non-profit United Way agency under a special second-chance subsidy program that helps cons...