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CFPB Reverses Course in Shocking Settlement Fallout with Townstone Financial
The Consumer Financial Protection Bureau (CFPB) is seeking to vacate a settlement reached with Townstone Financial, a small ...
The CFPB fined a lender for discrimination. Now it wants to give the money back.
Late last year, the Consumer Financial Protection Bureau reached a settlement with a small mortgage lender based in Chicago, ...
American Banker6d
CFPB vacates Townstone settlement, citing bureau misconduct
The Consumer Financial Protection Bureau asked a federal judge to vacate and set aside a settlement against a Chicago ...
Banking Dive6d
CFPB pushes to vacate Townstone settlement, refund mortgage lender
The bureau identified the redlining case against Townstone Financial as “abusive” and “unjust” and plans to make the company ...
HousingWire6d
CFPB staffer alleges misconduct in Townstone redlining suit
New CFPB leadership allegedly uncovered what attorneys call the targeting of Townstone Financial based on its political ...
CFPB, Townstone Ask Court to Vacate Settlement in Redlining Suit
The Consumer Financial Protection Bureau asked a federal judge to vacate a settlement with a Chicago mortgage lender who ...
JD Supra5d
CFPB and Townstone Financial Move to Vacate Redlining Settlement Alleging Misconduct Under Former CFPB Director
In a surprising turn of events, the Consumer Financial Protection Bureau (CFPB or Bureau) and Townstone Financial, Inc. (Townstone) have jointly ...
JD Supra5d
CFPB seeking to reverse Townstone settlement, saying bureau ‘abused its power’
Saying that the bureau under the Biden Administration abused its power, the CFPB is seeking to reverse its settlement with Townstone Financial.
Auto Remarketing5dOpinion
From the editor: Dramatic change in tone at the CFPB
Perhaps the most interesting news release ever distributed by the Consumer Financial Protection Bureau came into my view on ...
Consumer Bureau Seeks to Undo Settlement and Repay Mortgage Lender
The Consumer Financial Protection Bureau wants to return a $105,000 penalty it collected last fall when it resolved a ...
AOL3d
The CFPB fined a lender for discrimination. Now it wants to give the money back.
Adding to their sense of shock: The CFPB originally filed its case against Townstone in 2020 during Trump’s first term under his own handpicked director, Kathy Kraninger. Some consumer ...