Skip to main content

Illinois Lender Settles Discrimination Charges

Mar 13, 2017
The U.S. Department of Housing and Urban Development (HUD) has reached a settlement with Rockford, Ill.-based Alpine Bank & Trust

The U.S. Department of Housing and Urban Development (HUD) has reached a settlement with Rockford, Ill.-based Alpine Bank & Trust regarding charges of discrimination against African-American and Hispanic mortgage applicants.
 
The settlement resolves charges filed by HOPE Fair Housing Center of Wheaton, Ill., that claimed the bank excluded majority nonwhite communities from its mortgage lending business. The complaint also alleged that of only one of Alpine's 14 branch locations was based in a predominantly minority neighborhood.
As part of the settlement, Alpine Bank & Trust will establish a $1 million loan program to increase mortgage lending to residents in majority African-American and Hispanic areas in the Rockford metropolitan area, offer targeted community outreach in minority areas, provide fair lending training to its staff and study the possibility of opening an automated services brand in a predominantly nonwhite community in the Rockford metro market. The lender will also pay $75,000 to HOPE to resolve its charges.
About the author
Published
Mar 13, 2017
What The CFPB’s 2025 Priorities Memo Means For Lenders

As mass layoffs at the agency are paused, law firm Garris Horn’s Senior Partner calls memo’s info, detail a ‘huge win’

CFPB Changes Course, Reportedly Chops Down Staff

Consumer finance watchdog’s headcount reportedly at about 12% as internal memo calls for focus on mortgages, big banks

FHFA Refers NY AG Letitia James To Justice Department For Alleged Mortgage Fraud

Agency claims James falsified documents and records to obtain lower mortgage rates

CFPB Re-Emerges, Offers Regulatory Relief For Certain Small Loan Providers

CHLA calls relief from registration reg a win for small independent mortgage banks

MBA Renews Its Fight Against Trigger Leads

The 'Homebuyers Privacy Protection Act' greets the U.S. House and Senate once again

Over 100 Fannie Mae Workers Terminated Over Alleged Fraud

Employees fired in sweeping anti-fraud effort as new FHFA Director Bill Pulte prioritizes integrity