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

President Donald Trump's administration is making deep cuts to the federal agency that oversees financial products such as mortgages and student loans - and as a result, risky loans and scams ...

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 ...

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 ...

The Consumer Financial Protection Bureau (CFPB) is seeking to vacate a settlement reached with Townstone Financial, a small Midwest mortgage firm, following what it describes as years ...

In 2020, the CFPB accused Townstone of "redlining," effectively discouraging ... such neighborhoods in allegedly racial terms, allegations the company rejected. Kathy Kraninger, who was CFPB ...

In November 2024, the CFPB reached a settlement with Townstone in what was the first redlining case brought ... which include allegations of ultra vires actions and violations of the ...

The Consumer Financial Protection Bureau (CFPB) asked the U.S. District Court for the Northern District of Illinois – Eastern Division to vacate the settlement in CFPB v. Townstone Financial, Inc., et ...

The bureau identified the redlining case against Townstone Financial ... agreed to settle the case without approving or denying the allegations brought by the agency. “We don’t know if CFPB is doing ...