News & Analysis as of August 17, 2025

Settlement

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

DOJ Moves to End $13 Million Redlining Consent Order

Sheppard Mullin Richter & Hampton LLP on 6/13/2025

On May 28, the U.S. Department of Justice filed a motion to terminate its redlining consent order against a New Jersey-based bank. The five-year order, entered in September 2022, resolved allegations that the banks violated...more

CFPB seeks to vacate redlining settlement and refund civil money penalty to firm

Orrick, Herrington & Sutcliffe LLP on 3/28/2025

On March 26, the CFPB, in its first press release in over 50 days, announced its intention to seek to vacate a redlining settlement previously imposed on a nonbank retail-mortgage creditor and broker based in Chicago. As...more

CFPB seeks approval of Townstone Financial order

Ballard Spahr LLP on 11/7/2024

Following lengthy litigation, the CFPB is attempting to close the books on its case against Townstone Financial alleging discriminatory lending practices and redlining African American neighborhoods in Chicago....more

Settlement of Michigan Lending Discrimination Lawsuit Underscores Regulatory Focus on Equal Access to Credit

Ballard Spahr LLP on 1/28/2013

The U.S. Department of Justice (DOJ) has reached a settlement with Community Bank of St. Charles, Michigan, in a federal lending discrimination lawsuit filed by DOJ against the bank....more

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Mortgages › Fair Lending › Settlement

DOJ Moves to End $13 Million Redlining Consent Order

CFPB seeks to vacate redlining settlement and refund civil money penalty to firm

CFPB seeks approval of Townstone Financial order

Settlement of Michigan Lending Discrimination Lawsuit Underscores Regulatory Focus on Equal Access to Credit

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