Fairway Independent Mortgage Corp. has agreed to settle with the Consumer Financial Protection Bureau (CFPB) and the U.S Department of Justice (DOJ) over the regulators’ allegations of mortgage ...

While the term "redlining" is now used to describe racial discrimination generally, its origins can be traced to the 1930s and the practice of lending institutions to use color-coded maps as a basis ...

Oct. 19 (UPI) --The U.S. Justice Department Thursday said it has reached a $107 million redlining settlement for communities of color nationwide. Redlining is the practice of racist lending ...

For the last two years, the federal regulatory agencies have been waging a war on redlining by mortgage lenders — a war that shows no signs of abating. At a fair lending conference in November, two ...

Fairway to pay a $1.9 million penalty and provide $7 million in loan subsidies Fairway Independent Mortgage Corp. (Fairway) settled yesterday with the Consumer Financial Protection Bureau (CFPB) and ...

The Justice Department has secured $122 million from a dozen banks and mortgage companies in redlining cases since Attorney General Merrick Garland announced the agency's Combat Redlining Initiative ...

The Consumer Financial Protection Bureau ("CFPB") and the U.S. Department of Justice ("DOJ") filed a complaint and proposed consent order against a national mortgage company (the "Company") for ...

Black History Month is an annual time to acknowledge the contributions of Black people in America, as well as the injustices done to them. While we reflect upon this year after year each February, ...

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad ...

The US government is retreating from its mission of ensuring banks and other big financial companies don’t discriminate against neighborhoods with high populations of racial minorities when making ...

Add Yahoo as a preferred source to see more of our stories on Google. Zooey Liao/CNET When Wendyliz Martinez traveled from Pennsylvania to the Bronx to stay with her mom during the pandemic, she was ...