Bureau of Consumer Financial Protection v. Townstone Financial, Inc.

  1. March 21, 2022

    CFPB, Chicago Lender Fail To Reach Final Redlining Suit Deal

    A Chicago-area mortgage lender and the Consumer Financial Protection Bureau have abandoned efforts to settle the bureau's allegations that the lender disparaged majority-Black neighborhoods in infomercial commentary, the parties have told a federal judge in Chicago.

  2. October 26, 2020

    Chicago Lender Says CFPB's Redlining Suit Goes Too Far

    A Chicago-area mortgage lender argued Friday that the Consumer Financial Protection Bureau is going beyond its federal authority with a lawsuit alleging that it redlines and disparages majority-Black neighborhoods through infomercial commentary, which the lender says targets constitutionally protected speech.

  3. July 15, 2020

    CFPB Accuses Chicago Mortgage Lender Of Redlining

    The Consumer Financial Protection Bureau on Wednesday filed a complaint in Illinois federal court accusing a Chicago-area mortgage lender of redlining and disparaging majority-Black neighborhoods in infomercial commentary, marking the agency's first new fair lending-related enforcement action in more than a year.