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Civil Rights Groups Urge Court to Reject CFPB Reversal of Townstone Financial Settlement

Civil Rights Groups Urge Court to Reject CFPB Reversal of Townstone Financial Settlement

by Phil Hall | Apr 7, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A coalition of civil rights and consumer advocacy groups has filed an amicus brief in federal district court seeking to stop the motion filed by the Consumer Financial Protection Bureau (CFPB) to vacate its $105,000 redlining settlement with the mortgage company...
New York State Bill Seeks to Codify Disparate Impact Standards

New York State Bill Seeks to Codify Disparate Impact Standards

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A bill that would codify federal disparate impact standards ahead of a possible rollback by President Trump of those standards has been introduced in the New York State legislature. The Gothamist reports the bill would ensure the disparate impact standard could be...
HUD Charges Texas Homeowners Association with Discrimination

HUD Charges Texas Homeowners Association with Discrimination

by Phil Hall | Jan 17, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The US Department of Housing and Urban Development (HUD) is charging a homeowners association with violating the Fair Housing Act by allegedly creating rules designed to prevent Black residents from using housing choice vouchers within the master planned community of...
Rocket Mortgage Challenges Feds Over Appraisal Independence Rules

Rocket Mortgage Challenges Feds Over Appraisal Independence Rules

by Phil Hall | Dec 5, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), announced that is suing the US Department of Housing and Urban Development (HUD) to correct what is claimed to be “conflicts between the government’s regulations requiring appraiser...
$2.3 Million Settlement in AI-Screening Discrimination Lawsuit

$2.3 Million Settlement in AI-Screening Discrimination Lawsuit

by Phil Hall | Nov 21, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A federal court has approved a $2.3 million settlement that resolves charges that SafeRent, an artificial intelligence (AI) screening tool used by landlords, used its algorithm scores to determine if a rental housing applicant using vouchers should be approved as a...
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