An 11-point memo directs the agency’s staff to bring redress directly to affected consumers, “rather than imposing penalties ...

The Consumer Financial Protection Bureau and Townstone Financial, a Chicago mortgage lender that it sued in 2020, jointly ...

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has filed a proposed ... seeks to address allegations of redlining African American neighborhoods in Chicago by the former ...

President Donald Trump’s administration is making deep cuts to the federal agency that oversees financial products such as ...

Vacating the judgment would set a dangerous precedent for new administrations to roll back unfavorable rulings, the National ...

This motion, filed on March 26, 2025, comes after significant allegations ... protected from illegal redlining even before they submit a mortgage application. The CFPB and Townstone jointly ...

Under Kraninger's watch, the CFPB alleged that Townstone engaged in illegal redlining and that Sturner's comments on a radio show infomercial discouraged prospective Black applicants from applying for ...

The testimony goes on to allege that the CFPB investigation of the lender commenced after running a “redlining screen ... Townstone responded to the allegations in a 165-page court filing ...

Learn more: What is redlining, and how does it affect Black communities? In a surprise move this week, however, the CFPB asked a court to undo its settlement and dismiss the case, claiming it had ...

It marked the first time the CFPB had brought a redlining case against a non-bank lender. However, current CFPB leadership, including Acting Director Russ Vought, is now condemning the agency ...

In May, the DoJ announced that ESSA Bank & Trust agreed to pay more than $3 million to settle redlining allegations. The complaint, filed in federal court, alleges that ESSA failed to provide ...

which described it as a blow against “modern-day redlining” — the practice of refusing to lend in minority neighborhoods. In a surprise move this week, however, the CFPB asked a court to undo its ...