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Will CFPB file additional redlining cases against non-bank mortgage lenders by December 31, 2024?
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Seventh Circuit Eases CFPB's Efforts to Combat Redlining
Jul 12, 2024, 01:04 PM
A federal appeals court has made it easier for the US Consumer Financial Protection Bureau (CFPB) to address housing discrimination, specifically redlining. The Seventh Circuit's decision on Thursday revives the CFPB's first case against a non-bank mortgage lender accused of discouraging prospective applicants from applying for loans in majority-Black neighborhoods. The decision marks a significant step in the CFPB's efforts to combat housing discrimination.
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