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Judge Rejects DOJ Request of Early End to Redlining Settlement with Pennsylvania Bank

Judge Rejects DOJ Request of Early End to Redlining Settlement with Pennsylvania Bank

by Phil Hall | Jul 29, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

A federal judge in Philadelphia has rejected a request by the Department of Justice (DOJ) to bring an early conclusion to a $3 million settlement made with a Pennsylvania bank that was accused of redlining. The Philadelphia Inquirer reports US District Judge Michael...
Judge Rejects CFPB’s Request to Vacate Redlining Settlement with Townstone Financial

Judge Rejects CFPB’s Request to Vacate Redlining Settlement with Townstone Financial

by Phil Hall | Jun 13, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

A federal judge in Chicago has rejected a request by the Consumer Financial Protection Bureau (CFPB) to vacate its $105,000 settlement of redlining charges brought against the mortgage lender Townstone Financial. The settlement followed a protracted litigation that...
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 | Current News & 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...
Civil Rights Groups Urge Court to Reject CFPB Reversal of Townstone Financial Settlement

CFPB Seeks to Vacate Redlining Settlement with Townstone Financial

by Phil Hall | Mar 27, 2025 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) is seeking to vacate its $105,000 settlement of redlining charges against nonbank mortgage lender and broker Townstone Financial Inc. The settlement followed a protracted litigation that began in 2020 under the first...
The Mortgage Firm Settles Federal Charges of Redlining

The Mortgage Firm Settles Federal Charges of Redlining

by Phil Hall | Jan 9, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The US Department of Justice (DOJ) announced The Mortgage Firm Inc. agreed to a settlement that resolves allegations that it redlined predominantly Black and Hispanic neighborhoods in the Miam metro area. Headquartered in Altamonte Springs, Florida, The Mortgage Firm...
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