Initiative tackles lending discrimination in communities of color; Ameris Bank in Florida settles for $9 million over redlining allegations.
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Tagged: Department of Justice
Justice Department Secures Over $107 Million In Redlining Relief
UBS Settles RMBS Lawsuit For $1.435 Billion
Resolves 2018 civil action alleging misconduct related to UBS’ underwriting of securities
Aug 14, 2023
Pair Indicted For Theft Of $2.1 Million From Cash Out Mortgages
Duo used impostors, fake IDs to defraud elderly Vietnamese Americans – and dupe banks.
Aug 02, 2023
ESSA Bank & Trust To Pay $3M In Redlining Settlement
Justice Department says bank discriminated against Blacks & Hispanics in Philadelphia metro area.
Jun 07, 2023
Feds: AI No Excuse For Breaking The Law
CFPB, DOJ, EEOC, and FTC issue joint statement saying automated systems have potential to harm consumers.
Apr 26, 2023
MBA: Don’t Make Lenders Liable For Actions Of Independent Appraisers
Files amicus brief in discrimination lawsuit in response to CFPB, DOJ Statement of Interest.
Apr 24, 2023
Sterling Bancorp Inc. To Plead Guilty to $69M Securities Fraud
DOJ says bank’s residential mortgages were ‘rife with fraud.’
Mar 16, 2023
Wells Fargo Says SEC Is Examining Hiring Practices
The bank confirmed on Monday that they are being investigated by the U.S. Securities and Exchange Commission.
Nov 01, 2022