Fairway Independent Mortgage Corp. has agreed to settle with the Consumer Financial Protection Bureau (CFPB) and the U.S Department of Justice (DOJ) over the regulators’ allegations of mortgage ...
Oct. 19 (UPI) --The U.S. Justice Department Thursday said it has reached a $107 million redlining settlement for communities of color nationwide. Redlining is the practice of racist lending ...
Last week, the annual Community Reinvestment Act & Fair Lending Colloquium took place in Austin, Texas. Two officials from the U.S. Department of Justice (DOJ) discussed in detail the “Combatting ...
Fairway to pay a $1.9 million penalty and provide $7 million in loan subsidies Fairway Independent Mortgage Corp. (Fairway) settled yesterday with the Consumer Financial Protection Bureau (CFPB) and ...
While the term "redlining" is now used to describe racial discrimination generally, its origins can be traced to the 1930s and the practice of lending institutions to use color-coded maps as a basis ...
For the last two years, the federal regulatory agencies have been waging a war on redlining by mortgage lenders — a war that shows no signs of abating. At a fair lending conference in November, two ...
The Justice Department has secured $122 million from a dozen banks and mortgage companies in redlining cases since Attorney General Merrick Garland announced the agency's Combat Redlining Initiative ...
First National Bank of Pennsylvania discriminated against Black and Latino homebuyers in North Carolina for a period of at least four years, the Justice Department said Monday, the latest in a long ...
Redlining became illegal decades ago. Yet from building wealth to getting a mortgage, the discriminatory practice is still ...
Black History Month is an annual time to acknowledge the contributions of Black people in America, as well as the injustices done to them. While we reflect upon this year after year each February, ...
I will miss them, but if certain members of the Harford County Board of Education want to skip today’s column — a condensed history of redlining in 20th century urban housing — I guess I’ll understand ...
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