November 01, 2024
The Consumer Financial Protection Bureau informed an Illinois federal court on Friday that it has reached a settlement with Townstone Financial resolving its redlining claims against the mortgage lender.
October 23, 2024
The Consumer Financial Protection Bureau and a Chicago-area mortgage lender have said in a filing that they could be close to settling claims that the lender illegally disparaged majority-Black neighborhoods.
July 11, 2024
The Consumer Financial Protection Bureau should be allowed to pursue claims that a mortgage lender illegally disparaged majority-Black neighborhoods, the Seventh Circuit said Thursday, finding the agency was empowered to enforce violations against prospective borrowers.
June 12, 2024
Lawsuits over loan discrimination and the fallout faced by minority borrowers are being litigated in federal courts across the country, with banks, developers and the federal government facing claims.
December 08, 2023
The Consumer Financial Protection Bureau and a Chicago mortgage lender each faced a skeptical Seventh Circuit judge Friday as the appellate court weighed whether it should revive the agency's redlining lawsuit accusing the lender of unlawfully disparaging majority-Black neighborhoods.
August 25, 2023
Two real estate finance trade organizations urged the Seventh Circuit to uphold a nonbank mortgage lender's victory amid the Consumer Financial Protection Bureau's redlining case, arguing that the ruling is needed to avert an ill-defined expansion of the Equal Credit Opportunity Act.
August 16, 2023
A Chicago-area mortgage lender is urging the Seventh Circuit to uphold its win against a Consumer Financial Protection Bureau redlining lawsuit, arguing that the case was rightly rejected as an impermissible expansion of a key federal fair lending law.