Consumer Financial Protection Bureau Files Suit Against Mortgage Creditor for Discriminatory Mortgage-Lending Practices

July 16, 2020

Subscribe Today

The CFPB filed a lawsuit against Townstone Financial, Inc., a nonbank retail-mortgage creditor based in Chicago, for violations of the Equal Credit Opportunity Act (ECOA); its implementing regulation, Regulation B; and the Consumer Financial Protection Act (CFPA) for allegedly engaging in discriminatory mortgage-lending practices and that these violations also constituted violations of the CFPA.

View Article Source →

Stay Informed, Subscribe to the Compliance Newshub

Subscribe Now