Government regulator lets BofA mortgage off the hook 3 years early

The 2023 order, aimed at ensuring the collection of information about applicants’ race, ethnicity and gender, wasn’t scheduled to be lifted until 2028. Regulators say the bank has fulfilled its obligations. Continue reading

Court denies CFPB’s request to vacate fair lending settlement

Judge declines to reopen case and vacate settlement with Chicago mortgage broker Townstone Financial, calling the request “a Pandora’s box the court refuses to open.” Continue reading