The CFPB wants to refund a penalty that a mortgage lender paid to settle racial discrimination claims
The CFPB is seeking to give back a penalty that Townstone Financial, a mortgage lender, paid to settle alleged racial ...
Hosted on MSN8d
The CFPB fined a lender for discrimination. Now it wants to give the money back.
The appeals court win and penalty made “clear that people are protected from illegal redlining even before they submit their ...
American Banker10d
CFPB will not enforce payday lending rule
In a surprise move, the Consumer Financial Protection Bureau said that it will not enforce or supervise lenders for the final ...
JD Supra11d
CFPB seeks to vacate redlining settlement and refund civil money penalty to firm
Following an investigation, the CFPB now seeks to return the $105,000 civil money penalty paid by the firm, which employed around ten people and operated a radio program. According to the CFPB ...
JD Supra10d
CFPB seeking to reverse Townstone settlement, saying bureau ‘abused its power’
Saying that the bureau under the Biden Administration abused its power, the CFPB is seeking to reverse its settlement with Townstone Financial.
Banking Dive11d
CFPB pushes to vacate Townstone settlement, refund mortgage lender
The bureau identified the redlining case against Townstone Financial as “abusive” and “unjust” and plans to make the company ...
Auto Remarketing11d
From the editor: Dramatic change in tone at the CFPB
After what the regulator called “a thorough review,” the CFPB said on Thursday it is seeking to make Townstone whole by returning the six-figure penalty the company was forced to pay.
AOL8d
The CFPB fined a lender for discrimination. Now it wants to give the money back.
In a surprise move this week, however, the CFPB asked a court to undo its settlement ... already effectively won and offering to refund a penalty. “I’ve never seen anything like it,” said ...