The New York City Banking Commission voted to halt deposits into the city's bank accounts at Capital One and KeyBank after the lenders failed to submit plans on their efforts to root out discrimination.
City Comptroller Brad Lander joined Mayor Eric Adams and the department of finance to announce the city wouldThe existing accounts will be used to make payments, but no additional deposits will be made, nor will new accounts be opened at either bank, according to a spokesperson for the comptroller.
"Capital One prohibits discrimination and harassment against any applicant, intern, Associate, vendor, contractor, customer, or client on the basis of protected characteristics," the bank said in a statement after the comptroller's announcement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New York City Banking Commission votes to freeze Capital One, KeyBank depositsThe New York City Banking Commission voted to freeze the city's deposits at Capital One and KeyBank after the banks failed to submit plans on their efforts to root out discrimination.
Read more »
NYC's status as a sanctuary city draws thousands of asylum seekers weeklyNew York City became a sanctuary city under Mayor Ed Koch in the 1980s.
Read more »
Molly’s Refresher brings a New York City delicacy to the Bay AreaMolly’s Refresher is a pop-up in Oakland serving egg creams, the New York City soda fountain drink with seltzer, whole milk and Fox's U-Bet chocolate syrup.
Read more »
New York City is sinking under its own weight, study finds | CNNNew York City is sinking under the weight of all of its buildings, a new study found. It aims to show how high-rise buildings in coastal areas could contribute to future flood risk.
Read more »