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 the bank has fulfilled its obligations.
Source: Inman News
Government regulator lets BofA mortgage off the hook 3 years early
Published in bank of america, Cara Petersen, CFPB, Consumer Financial Protection Bureau, DEI in Lending, discriminatory lending, discriminatory lending patterns, fair lending, Franklin Valderrama, hmda, Home Mortgage Disclosure Act, iEmergent, Mortgage, omb, redlining, Regulations, Russell Vought, Select and Townstone Financial
More from bank of americaMore posts in bank of america »
More from Cara PetersenMore posts in Cara Petersen »
More from CFPBMore posts in CFPB »
- There’s nobody in charge of looking out for waste, fraud and abuse at Fannie and Freddie’s regulator
- 2025 a banner year for mortgage deregulation and legislation
- What every real estate pro should know about kickback rules
- Outside lawyers, WSJ editorial board urge Trump not to fire Powell
- Fed rebuts accusations that Powell mismanaged $2.5B renovation
More from Consumer Financial Protection BureauMore posts in Consumer Financial Protection Bureau »
- There’s nobody in charge of looking out for waste, fraud and abuse at Fannie and Freddie’s regulator
- Embattled Fed Governor Lisa Cook says tariffs fueling inflation
- 2025 a banner year for mortgage deregulation and legislation
- What every real estate pro should know about kickback rules
- Outside lawyers, WSJ editorial board urge Trump not to fire Powell
More from DEI in LendingMore posts in DEI in Lending »
More from discriminatory lendingMore posts in discriminatory lending »
- Bank launches Spanish website in wake of redlining settlement
- Project to tackle appraisal bias continues with Nov. 1 hearing
- ‘Modern-day redlining:’ Wells Fargo faces scrutiny over Black refi stats
- FairPlay lands $4.5M seed round to help lenders combat racial bias
- How equitably is housing wealth distributed in your city?
More from fair lendingMore posts in fair lending »
- Court denies CFPB’s request to vacate fair lending settlement
- CFPB enforcement chief resigns, saying mission ‘under attack’
- CFPB rescinds dozens of policies as court battle over its fate rages on
- Groups slam CFPB’s bid to undo fair lending settlement as ‘dangerous’
- FHFA gutting Fannie, Freddie minority homeownership programs
More from Franklin ValderramaMore posts in Franklin Valderrama »
More from hmdaMore posts in hmda »
More from Home Mortgage Disclosure ActMore posts in Home Mortgage Disclosure Act »
More from iEmergentMore posts in iEmergent »
More from MortgageMore posts in Mortgage »
- Stop freaking out about 50-year mortgages. They might save the housing market
- Homebuying off to strongest November start since 2022
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- How the 50-year mortgage could kill agent profitability
- Falling home prices leave nearly 1 million Americans ‘underwater’
More from ombMore posts in omb »
- Outside lawyers, WSJ editorial board urge Trump not to fire Powell
- Fed rebuts accusations that Powell mismanaged $2.5B renovation
- Trump official: Fed chair to answer for ‘ostentatious’ renovations
- CFPB rescinds dozens of policies as court battle over its fate rages on
- CFPB cites DEI in push to kill $105k settlement with mortgage broker
More from redliningMore posts in redlining »
- Brad Inman: ‘AI will be god-like,’ and other real estate predictions
- Fairway Independent Mortgage buys itself a new Midwest division
- Groups slam CFPB’s bid to undo fair lending settlement as ‘dangerous’
- Windermere reinforces DEI pledge with appointment of new director
- When divisive political rhetoric crosses the fair housing line
More from RegulationsMore posts in Regulations »
- ALTA takes aim at seller impersonation fraud: What to know
- Mortgage giants ‘very close’ to accepting new FICO score
- Trump’s 50-year mortgage is ‘a big nothingburger’ for homebuyers
- Why Fannie and Freddie still won’t accept more inclusive credit score
- There’s nobody in charge of looking out for waste, fraud and abuse at Fannie and Freddie’s regulator
More from Russell VoughtMore posts in Russell Vought »
- Outside lawyers, WSJ editorial board urge Trump not to fire Powell
- Fed rebuts accusations that Powell mismanaged $2.5B renovation
- Trump official: Fed chair to answer for ‘ostentatious’ renovations
- Court denies CFPB’s request to vacate fair lending settlement
- CFPB enforcement chief resigns, saying mission ‘under attack’
More from SelectMore posts in Select »
- Alexander brothers denied motion to dismiss sex-trafficking charges
- Redfin site fluke exposed past users’ data on listing contact forms
- Brown Harris Stevens names Halstead heir as its chief strategy officer (EXCLUSIVE)
- Stop waiting for permission: Why leadership starts with self-trust
- Leadershift: How brokers and team leaders can prepare for 2026
More from Townstone FinancialMore posts in Townstone Financial »
- Court denies CFPB’s request to vacate fair lending settlement
- Groups slam CFPB’s bid to undo fair lending settlement as ‘dangerous’
- CFPB cites DEI in push to kill $105k settlement with mortgage broker
- Redlining settlement wouldn’t resolve 1st Amendment questions
- Court tosses redlining suit sparked by mortgage broker’s radio show
Be First to Comment