The Consumer Financial Protection Bureau (CFPB) has filed a proposed order to resolve charges that Townstone Financial, a nonbank mortgage broker and lender, intentionally discriminated against predominantly Black neighborhoods in Chicago in violation of the Equal...
Madison, Wisconsin-based Fairway Mortgage Corporation has agreed to a nearly $10 million settlement of redlining charges brought by the Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB), with the company claiming the probe into its...
The U.S. Department of Justice (DOJ) announced its first redlining settlement with a credit union in its $6.5 million agreement with the $6 billion-assets Citadel Federal Credit Union. The DOJ alleged that Citadel failed to provide mortgage lending services to...
The U.S. Department of Housing and Urban Development (HUD) announced a settlement with Toms River, New Jersey-based OceanFirst Bank that resolves charges of redlining in the New Brunswick, New Jersey area. HUD investigated the charges in a probe conducted alongside...
The U.S. Department of Justice (DOJ) announced a $9 million settlement with Ameris Bank, a wholly owned subsidiary of Ameris Bancorp (NASDAQ: ABCB) to resolve allegations that the lender engaged in redlining against predominantly Black and Hispanic communities in...
Fed Holds Rates at 3.75%–4.00% as Two Officials Call for Another Hike
