Tagged: Discriminatory Lending

Lawsuit challenges both CFPB’s fair lending rollback and Vought’s authority to lead the bureau

CFPB’s 2026 ECOA update removes disparate impact liability — but lenders still face significant legal and regulatory risk

A coalition of U.S. senators is urging the CFPB to withdraw a proposed rule eliminating disparate impact enforcement under ECOA, warning it would exacerbate housing affordability challenges and restrict access to credit

Referral networks' disparate impacts on display in third redlining settlement with a nonbank mortgage lender

Rocket seeks dismissal of the DOJ's October lawsuit alleging the lender committed racial appraisal bias.

If approved, the settlement would leave legal concerns over free speech, race-based affirmative lending, and the use of data in modern-day redlining lawsuits “without adjudication of any issue of fact or law.”

Townstone Financial & its owner accused of discouraging prospective borrowers.

Mortgage fairness increased for the protected classes in 2021, but regional inequalities persist.

The lawsuit claims the CFPB is exceeding its statutory authority outlined in the Dodd-Frank Act.

Agreement with N.J. bank is the third-largest redlining settlement in Justice Department history.