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Which non-bank mortgage lender will be the first to be prosecuted by CFPB under its expanded authority by end of 2024?
3
Resolution / Starting Odds
Lender A • 25%
Lender B • 25%
Lender C • 25%
Other • 25%
Public court records, CFPB announcements
Story
Federal Appeals Court Expands CFPB's Authority to Combat Redlining
Jul 11, 2024, 09:45 PM
A federal appeals court has granted the US Consumer Financial Protection Bureau (CFPB) greater authority to combat housing discrimination, specifically targeting practices like redlining. The court's decision revives the CFPB's first case against a non-bank mortgage lender, emphasizing that lenders cannot use discriminatory language or other methods to discourage potential borrowers from applying for loans. This ruling overturns a previous decision by a Democratic judge, clarifying that the Equal Credit Opportunity Act applies to lenders who discourage borrowers from seeking credit.
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CFPB wins the case • 25%
CFPB loses the case • 25%
Case is settled out of court • 25%
Case is dismissed • 25%
Yes • 50%
No • 50%
JPMorgan Chase • 25%
Bank of America • 25%
Wells Fargo • 25%
Zelle Operator • 25%
PayPal • 25%
Stripe • 25%
Square • 25%
Other • 25%
0 • 25%
1-2 • 25%
3-4 • 25%
5 or more • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
CFPB wins • 25%
Banks/Zelle win • 25%
Settlement reached • 25%
Case dismissed • 25%
Yes • 50%
No • 50%
Apple Pay • 25%
Google Pay • 25%
Venmo • 25%
Other • 25%
Binance • 25%
Coinbase • 25%
Kraken • 25%
Other • 25%