trump-02Bank Run by Trump Finance Chief Accused of Racial Discrimination


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Steven Mnuchin’s OneWest Bank made very few loans to African Americans. Now he could become treasury secretary.

The bank formerly headed by the finance chair of Donald Trump’s presidential campaign—and a front-runner to become Trump’s treasury secretary—is facing allegations that it discriminated against minorities.

Two California nonprofit housing organizations have formally asked the US Department of Housing and Urban Development to investigate allegations of racially discriminatory practices at OneWest Bank, now a subsidiary of CIT Bank and formerly headed by Trump adviser Steven Mnuchin. The complaint alleges that OneWest systematically refused to loan to people of color or to establish branches in minority communities in California.

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