Reported 2 days ago
The Consumer Financial Protection Bureau (CFPB) recently requested a court to overturn its settlement with Townstone Financial, a small mortgage lender fined for discriminatory practices against Black homebuyers. The CFPB cited newfound concerns about the investigation potentially infringing on Townstone's First Amendment rights and plans to return the $105,000 fine. This unusual move has alarmed consumer advocates and officials, reflecting a broader trend of reassessing enforcement actions against lenders in the current political climate.
Source: YAHOO