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 ...

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 ...

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

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 ...

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 ...

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 ...

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 ...

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 ...