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Bank at center of Rep. Waters inquiry has checkered past

OneUnited Bank has been criticized as having a poor record of lending to people in some low-income areas. It also paid for a luxurious lifestyle for its chairman despite posting huge losses.

OneUnited Bank, the financial institution at the center of a congressional ethics investigation involving Rep.

 

Congresswoman With Ties to Bank Helped Seek Funds

Maxine Waters helped set up a meeting in which the chief executive of a bank with financial ties to her family asked for special bailout funds, officials said.

 

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