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

CFPB in Settlement with Townstone Financial Over Alleged Chicago Redlining

by Phil Hall | Nov 4, 2024 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

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...

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