CFPB leader not backing down on lending discrimination cases

An Uncertain Future For Fair Lending Enforcement At CFPB.. of the HMDA rule that was finalized back in 2015, including its coverage thresholds and discretionary data points.. powers-against.

Car buyers beware: Discrimination can hike your price – Discrimination in auto buying is alive and well more than 40 years after the equal credit opportunity act outlawed discrimination in lending. The National Fair Housing Alliance said it sent eight.

FHA provides a huge economic stimulation to the country in the form of home and community development, which trickles down to local communities in the form of jobs, building suppliers, tax bases, schools, and other forms of revenue. The History of FHA. Congress created the Federal Housing Administration (FHA) in 1934.

Portions of the registrant’s Definitive Proxy Statement for its 2017 Annual Meeting of Shareholders, which Definitive Proxy Statement will be filed with the Securities and Exchange Commission not later than 120 days after the registrant’s fiscal year-end of December 31, 2016, are incorporated by reference into Part III of this form 10-K

"The report repeats previous allegations that the CFPB use of disparate impact analysis to discover auto lending discrimination was improper. The disparate impact standard was upheld by the Supreme Court in 2015 and is an important tool to identify patterns of discrimination.

Ally Financial, formerly GMAC Mortgage, suspends foreclosures in 23 states Ally Bank, the company’s direct banking subsidiary, offers an array of deposit and mortgage products and services. Ally Bank is a Member FDIC and Equal Housing Lender , NMLS ID 181005. Mortgage credit and collateral are subject to approval and additional terms and conditions apply.

A CFPB employee is suing the CFPB for alleged pay inequality: equal-employment specialist Florine Williams is accusing the consumer bureau of discrimination. Will the CFPB pay to settle the case..

On Wednesday, the U.S. Senate voted almost entirely along party lines to invalidate, under the Congressional Review Act, the Consumer Financial Protection Bureau’s (CFPB) (in)famous 2013 Bulletin on lending discrimination in the indirect auto market via discretionary mark-ups and dealer compensation policies.

Jefferies raises Nationstar Mortgage to a ‘buy’ rating broker ratings summary: jefferies Raises SSE To Buy, HSBC cuts shell. jefferies raises sse TO ‘BUY’ (‘HOLD’). The Morningstar Star Rating for Stocks is assigned based on an analyst’s.Housing starts fall 5.8%, disappointing analyst estimates UPDATE: The latest housing starts and building permits data are out. Housing starts fell to 8.5 percent to 890,000 – missing expectations of a slighter drop to 920,000 – from last month’s.

Banking New York 2Q 2014 Published on Jun 5, 2014 Bitcoin is moving from virtual to actual reality, and the CFPB eyes putting the brakes on indirect auto lending.

Seth Frotman, the student loan ombudsman at the Consumer Financial Protection Bureau (CFPB), wrote in a scathing letter on Monday that bureau leadership “has turned its back on young people. The.

HousingWire Content on ‘lending discrimination’ Sign In. CFPB leader not backing down on lending discrimination cases. legal theory to use when working on lending discrimination cases.

Fannie Mae: Consumers think it’s easier than ever to get a mortgage Making vacant houses look less vacant — with decals? To make your property vacancies stand out in the crowd, follow these 10 tips! Renters are looking for online applications; in fact, it may soon become common practice that Be sure to include at least 10 photos and make sure the photos show a good representation of the property interior and exterior.Record low rates spur mortgage application filings Experts say record low interest rates could spur an increase in home sales, as well as refinancing. (DAWN J. SAGERT / Courier staff photographer). record low mortgage rates spur high interest.

The acting chief of the Consumer Financial Protection Bureau (CFPB) said Tuesday that an official under fire for blog posts dismissing racism will remain in charge of the agency’s lending.