Search for: "Neighborhood Lending Services" Results 1 - 20 of 234
Sorted by Relevance | Sort by Date
RSS Subscribe: 20 results | 100 results
19 Dec 2016, 11:00 am by Barbara S. Mishkin
The CFPB has also previously signaled its interest in fair lending issues relating to mortgage and student loan servicing. [read post]
31 Oct 2023, 2:00 am
BANK ENGAGED IN “REDLINING” AND AVOIDED RHODE ISLAND COMMUNITIES OF COLORAccording to a press release issued by the Justice Department in late September, Washington Trust Company, the nation’s oldest community bank, has agreed to settle a lending discrimination claim for $9 million.Apparently, the bank allegedly engaged in “redlining” -- i.e., avoided providing credit to people living in Rhode Island's Black and Hispanic neighborhoods – in… [read post]
The DOJ alleges that between 2017 and 2020, the bank refrained from “providing mortgage lending services to majority-Black and Hispanic neighborhoods in Los Angeles County and discouraged residents in these neighborhoods from obtaining mortgage loans. [read post]
18 Jan 2010, 6:33 am by Howard | Nassiri, PC
This practice, known as "reverse redlining," is the subject of lawsuits against lender Wells Fargo by several municipalities, which claim it violates federal civil rights laws and destroys city neighborhoods. [read post]
8 May 2018, 7:46 am
Google has banned legal services like bail bonding and payday lending from advertising on Google in order to curry favor with groups who have an ideological aversion to payday lending and the bail system....Google’s decision to use its code as law is an invitation to politicization. [read post]
16 Oct 2009, 2:28 am
The Portland Tribune ran an excellent news story on the current status of Oregon payday lending and on Internet payday lending (and lenders):Internet payday lenders flout new law: Oregon law capping rates ignored by many online lenders, by Steve Law, The Portland Tribune, Oct 15, 2009Excerpts:"… says he found the online rates were double the amount charged at his neighborhood payday lender, and he never proceeded with the… [read post]
In its complaint, the DOJ alleged that from 2017 through at least 2021: All of ABOK’s branches and loan production offices were located in majority-white neighborhoods; For purposes of the CRA, ABOK designated its Tulsa Metropolitan Services Area (MSA) to exclude all of the majority-Black and Hispanic-census tracts in the MSA; ABOK did not assign a single loan officer to conduct outreach in majority-Black and Hispanic areas and did not market, advertise, or take… [read post]
10 Jan 2017, 9:07 am by Jeffrey Brown and Justin Opitz
” Redlining: The CFPB “will continue to evaluate whether lenders have intentionally avoided lending in minority neighborhoods. [read post]
It will analyze potential redlining practices by both traditional banks and non-depository institutions, lenders that are not the typical bank but that provide mortgage lending services and currently make the majority of mortgage loans in the country. [read post]
25 Jul 2022, 4:10 am
Former Wells Fargo Advisors Senior Vice President Moves Federal Court to Undo 2017 FINRA Settlement (BrokeAndBroker.com Blog)Justice Department and Consumer Financial Protection Bureau Secure Agreement with Trident Mortgage Company to Resolve Lending Discrimination Claims / Settlement Provides Over $20 Million to Increase Credit Opportunities in Neighborhoods of Color / First Redlining Settlement Against Mortgage Company; Second Largest Redlining Settlement in Justice Department… [read post]
20 Jul 2012, 7:37 am by Karen K. Harris
One way to ensure that big banks increase their lending in low-to-moderate income neighborhoods is to reform the CRA to reward community banks for their efforts while requiring big banks to do more. [read post]
9 Feb 2010, 5:34 am by admin
Prevents brokers who perform distressed property consulting services from accepting upfront fees. [read post]
21 May 2012, 6:53 am by Rebecca Tushnet
First One Lending Corp., 2012 WL 1698368 (C.D. [read post]