The Supreme Court on Monday agreed to review a case involving a lawsuit brought by the City of Miami against Bank of America and Wells Fargo alleging the banks engaged in discriminatory lending practices that resulted in reduced property tax revenues.
Browsing: Fair lending
Speaking at the agency’s community banking conference today, FDIC Vice Chairman Thomas Hoenig again offered a “legislative remedy” for excessive and ill-tailored regulatory burden for banks engaged in what he called “traditional banking activities,” which would encompass most community banks and some regional banks as well.
With a 4-4 split vote following the death of Justice Antonin Scalia, the U.S. Supreme Court let stand an Eighth Circuit Court of Appeals decision finding that the Equal Credit Opportunity Act’s protections apply only to loan applicants, not to those who guarantee the loans.
Arbitration, mortgages, small business lending and small-dollar loans are among the Consumer Financial Protection Bureau’s policy priorities over the next two years, according to a document released today.
The Federal Housing Administration today announced a series of reductions for the insurance rates it charges on multifamily home loans.
A new report from the Federal Trade Commission outlines several risks related to discrimination for companies using “big data” to make decisions about credit, employment and marketing.
The Federal Housing Finance Agency today proposed a rule that would require Fannie Mae and Freddie Mac to submit plans for improving the distribution and availability of safe and sound residential mortgage financing in underserved markets.
The Consumer Financial Protection Bureau today released several resources to help banks and other entities understand their obligations under the Home Mortgage Disclosure Act and Regulation C.
More than 495,000 borrowers refinanced their Fannie Mae or Freddie Mac mortgage loans in the third quarter, with 25,824 refinanced through the Home Affordable Refinance Program, the Federal Housing Finance Agency said today.