The 2023 order, aimed at ensuring the collection of information about applicants’ race, ethnicity and gender, wasn’t scheduled to be lifted until 2028. Regulators say…
Posts published in “fair lending”
The Trump administration is seeking to cut 90 percent of the CFPB’s workforce, and has dismissed about 20 active enforcement cases and moved to vacate…
Flood of orders published without explanation on social media target programs and practices designed to boost lending in minority communities, protect borrowers from unfair or…
Lenders no longer under orders to keep a sharper lookout for appraisal bias or have a process for helping borrowers who suspect appraisal bias to…
Nation’s third biggest lender casts itself as a victim of politics, noting CFPB launched its investigation the day after Biden Administration took office. Source: Inman…
Since launching an initiative to combat redlining in 2021, federal prosecutors have reached settlements with 13 mortgage lenders totaling more than $137 million. Source: Inman…
Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act. Rocket says it expects to prevail. Source:…