#redlining

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CFPB seeks settlement in Townstone Financial redlining dispute

The CFPB seeks a settlement with Townstone Financial for discriminatory lending practices and redlining, pressing for compliance with the Equal Credit Opportunity Act.

Fairway, accused of redlining in Alabama, agrees to settle for $1.9M

Fairway Independent Mortgage Corp. settles allegations of lending discrimination, agreeing to pay $1.9 million and invest $7 million in majority-Black neighborhoods.

CFPB seeks settlement in Townstone Financial redlining dispute

The CFPB seeks a settlement with Townstone Financial for discriminatory lending practices and redlining, pressing for compliance with the Equal Credit Opportunity Act.

Fairway, accused of redlining in Alabama, agrees to settle for $1.9M

Fairway Independent Mortgage Corp. settles allegations of lending discrimination, agreeing to pay $1.9 million and invest $7 million in majority-Black neighborhoods.
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These Cities Rank as the Least Favorable for Black Americans

Socioeconomic disparities persist between Black and White Americans, impacting various quality of life measures across different regions.
#discrimination

DOJ Accuses National Mortgage Lender of Redlining in Alabama

Ongoing redlining allegations against Fairway Independent Mortgage Corp. spotlight persistent racial discrimination in mortgage lending.
Fairway denies allegations while agreeing to settle and support affordable lending initiatives.

OceanFirst Bank will pay $15M to resolve redlining allegations

HUD and DOJ secured a $15 million settlement with OceanFirst Bank over discriminatory redlining practices against minority communities in New Jersey.

The opportunity cost of modern-day redlining

Redlining persists in modern times, with recent legal actions highlighting the issue and penalties imposed on lenders.
The new era of redlining is more about benign neglect than overt discrimination, impacting BIPOC neighborhoods due to historical factors.

DOJ Accuses National Mortgage Lender of Redlining in Alabama

Ongoing redlining allegations against Fairway Independent Mortgage Corp. spotlight persistent racial discrimination in mortgage lending.
Fairway denies allegations while agreeing to settle and support affordable lending initiatives.

OceanFirst Bank will pay $15M to resolve redlining allegations

HUD and DOJ secured a $15 million settlement with OceanFirst Bank over discriminatory redlining practices against minority communities in New Jersey.

The opportunity cost of modern-day redlining

Redlining persists in modern times, with recent legal actions highlighting the issue and penalties imposed on lenders.
The new era of redlining is more about benign neglect than overt discrimination, impacting BIPOC neighborhoods due to historical factors.
morediscrimination
#lending-discrimination

Citadel agrees to pay $6.5M to settle DOJ's redlining claims

The DOJ has settled lending discrimination allegations against Citadel Federal Credit Union for $6.5 million, marking a significant move against redlining practices.

Opinion: To redress racial bias in mortgage underwriting, scrap the credit score

The U.S. mortgage industry faces racial disparities in mortgage approval rates, reminiscent of historical redlining practices.
Redlining's impact extends beyond housing into broader societal issues such as air pollution and health disparities.

Citadel agrees to pay $6.5M to settle DOJ's redlining claims

The DOJ has settled lending discrimination allegations against Citadel Federal Credit Union for $6.5 million, marking a significant move against redlining practices.

Opinion: To redress racial bias in mortgage underwriting, scrap the credit score

The U.S. mortgage industry faces racial disparities in mortgage approval rates, reminiscent of historical redlining practices.
Redlining's impact extends beyond housing into broader societal issues such as air pollution and health disparities.
morelending-discrimination

Ethnic Studies gave student sense of self, he says. Fresno teachers plead for investment

Taking a Chicano Studies class allowed a student to understand his family's journey, find his identity, and feel empowered by learning untold history.

Rural America Is in the Midst of an Eviction Crisis

Black rural Americans impacted by redlining and discrimination in lending.
Southern Black rural counties experience higher eviction filing rates than white counterparts.
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