Last month the Consumer Financial Protection Bureau filed a lawsuit against a Chicago-based mortgage lender, alleging that the company “redlined” African-American neighborhoods in the Chicago Metropolitan Statistical Area and discouraged prospective applicants from applying for mortgage loans on the basis of race. This marks the first time that a federal regulator has taken a public redlining action against a non-bank mortgage lender. Please join Mayer Brown attorneys Tori Shinohara and Jim Williams for a discussion of key takeaways for mortgage lenders.
Recent News & Legal Updates
- Understanding The Increasing Use Of Holdco NAV Loan Structures
- S&P Downgrade Hurts Middle Tennessee Banks
- The CFPB Turns Its Focus To Credit Card Reward Programs
- CFPB Announces New Compliance Deadlines For Small Business Lending Rule
- Outsourcing For U.S. Financial Institutions After Dodd-Frank: Regulation, Risk And Governance
- New York Adopts Final Commercial Financing Disclosure Regulations
- A Look Inside California’s Commercial Financing Disclosure Regulations
- US Federal Reserve Proposes Publishing List Of Institutions With A Master Account