Chester County News and Community Website
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is seeking to vacate a settlement reached with Townstone Financial, a small Midwest mortgage firm, following what it describes as years …
CFPB Reverses Course in Shocking Settlement Fallout with Townstone Financial Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has announced enforcement measures against Draper & Kramer Mortgage Corporation for engaging in discriminatory lending practices. Draper, based in Downers Grove, Illinois, …
Denied a Fair Chance? CFPB Exposes Draper & Kramer’s Unlawful Discrimination Against Minority Communities! Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has filed a proposed order to resolve its case against Townstone Financial. The order, pending court approval, seeks to address allegations …
CFPB Moves to Resolve Case Against Townstone Financial on Redlining Allegations Read More
HARRISBURG, PA — A coalition of 19 state Attorneys General, including Pennsylvania’s Attorney General Michelle Henry, has rallied in defense of the Department of Housing and Urban Development’s (HUD) Discriminatory …
Coalition of State Attorneys General Defends HUD’s Rule on Insurance Equity Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and the Justice Department (DOJ) have taken significant action against Fairway Independent Mortgage Corporation, accusing the company of redlining in majority-Black …
Federal Agencies Hold Fairway Mortgage Accountable for Discriminatory Lending Practices Read More
PHILADELPHIA, PA — Citadel Federal Credit Union has agreed to resolve allegations of discriminatory lending practices, known as “redlining,” affecting predominantly Black and Hispanic neighborhoods in the Philadelphia area. The …
Citadel Credit Union Settles Redlining Case, Pledges $6.5M to Philly Communities Read More WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has extended the compliance deadlines for the small business lending rule, following a series of legal proceedings that temporarily halted its …
CFPB Extends Compliance Deadlines for Small Business Lending Rule Read More
In a recent study, Zillow Research has revealed that millions of people, particularly Black families, are unable to become homeowners due to a lack of credit access. This forces them …
Zillow Research Highlights Credit Insecurity Barrier to Homeownership, Particularly for Black Families Read More The Consumer Financial Protection Bureau (CFPB) recently published an analysis of the Community Reinvestment Act (CRA) laws in seven states and the District of Columbia. The report provides insights into …
CFPB Report Sheds Light on State Community Reinvestment Act Laws and their Impact on Local Financial Institutions Read More