Citadel Federal Credit Union “respectfully disagrees” with allegations, agrees to invest $6.5 million and open three new branches in predominantly Black and Hispanic neighborhoods in Philadelphia. Continue reading
Since launching an initiative to combat redlining in 2021, federal prosecutors have reached settlements with 13 mortgage lenders totaling more than $137 million. Continue reading
“Americans should not have to pay more in rent because a company has found a new way to scheme with landlords to break the law,” Attorney General Merrick Garland said on Friday. Continue reading
Statements made by a DOJ attorney during a May 21 status hearing in the Nosalek commission case offer new insights into the Justice Department’s impression of the proposed NAR settlement. Continue reading
The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward. Continue reading
Government alleges competitors in Patriot’s peer group made home loans in minority areas of Memphis at almost three times the rate of Patriot from 2015 to at least 2020. Continue reading
In announcing the $9 million settlement with the Florida lender, Attorney General Merrick Garland said DOJ “currently has over two dozen active investigations into redlining, spanning neighborhoods across the country.” Continue reading
This case is the first-ever redlining settlement against a mortgage company and the second-largest such settlement in DOJ history. Continue reading