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 ...
About 20 people of multiple racial and ethnic groups participated in a discussion on race and the history of race-based issues in the United States at an event called "Black in Our Region" on Monday ...
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 ...
By Dr. Anthony O. Kellum, Contributing Writer Property is Power! and access to it is under threat in the digital age. For most of the 20th century, discrimination in mortgage lending was explicit.
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 ...
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 ...
Racial redlining isn't often emphasized, but the policy – frequent in the 1930s and now illegal – still has lasting impacts, ...
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, ...
See a timeline of Republic First Bank developments below. The allegations mark another unflattering chapter for the now-shuttered Republic First Bank. NJBIZ has reported extensively on the financial ...
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