CFPB cites DEI in push to kill $105k settlement with mortgage broker

Acting director Russell Vought claims bureau “abused its power” in redlining case against Townstone Financial that dragged on for four years, to “further the goal of mandating DEI in lending.” Continue reading

Redlining settlement wouldn’t resolve 1st Amendment questions

The CFPB claimed statements made by hosts of Townstone Financial’s AM radio call-in show and podcasts discouraged Black Chicago residents from applying for a mortgage. Continue reading

Court tosses redlining suit sparked by mortgage broker’s radio show

Regulators alleged statements made by hosts of Townstone Financial’s call-in show discouraged “prospective” African-American applicants from seeking mortgage loans. Continue reading