Regulators alleged statements made by hosts of Townstone Financial’s call-in show discouraged “prospective” African-American applicants from seeking mortgage loans. Source: Inman News
Posts published in “Equal Credit Opportunity Act”
Executives hope to reduce risk by reducing the size and narrowing the focus of bank’s mortgage business to better serve retail customers and minority communities. …
The Appraisal Foundation’s Appraisal Standards Board says it needs more time to assess proposed changes designed to close the door to discrimination. Source: Inman News
Wells Fargo is facing a potential class action lawsuit and heightened scrutiny by federal regulators, after a Bloomberg News analysis found the lender rejected requests…
The ethics rule in question, which some regulators argue doesn’t clearly state that housing discrimination against protected classes is illegal, was contested by eight federal…
The current national conversation on racial equality calls into question institutionalized housing discrimination and the possibilities for the road ahead. Source: Inman News