Last month the Consumer Financial Protection Bureau filed a lawsuit against a Chicago-based mortgage lender, alleging that the company “redlined” African-American neighborhoods in the Chicago Metropolitan Statistical Area and discouraged prospective applicants from applying for mortgage loans on the basis of race. This marks the first time that a federal regulator has taken a public redlining action against a non-bank mortgage lender. Please join Mayer Brown attorneys Tori Shinohara and Jim Williams for a discussion of key takeaways for mortgage lenders.
Recent News & Legal Updates
- Canada’s Financial Services Modernization Agenda
- Understanding President Trump’s “Debanking” Executive Order: Implications For The Banking Sector
- Istanbul Financial Center: Financial Activities Within The Scope
- Royal Bank of India Rewrites The Payment Aggregator Rulebook
- Irish Central Bank Provides Clarification On Certain Requirements Applicable To QIAIFs
- The FCA’s Developing Approach To Nonfinancial Misconduct By Individuals In The Financial Services Sector
- RBI Streamlines Priority Sector Lending Norms For Small Finance Banks
- Banking Transformation: The New Agenda
- European Central Bank Plans To Fine Banks For Failures To Address Climate Change
- What Every Financial Services Business In Malta Needs To Know