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.
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.