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February 22, 2024
In this episode of The Consumer Finance Podcast, host Chris Willis and guest Lori Sommerfield discuss the status of the Department of Justice's (DOJ) Combatting Redlining Initiative....
January 31, 2024
A housing battle is raging in Detroit as lowball home values cut into homeowner equity and exclude residents from resources and opportunities.
January 17, 2024
2023 was interesting. While interest rates and other headwinds slowed "regular way" securitization, debt capital markets and lending activity, and…
October 6, 2023
US Justice Department Assistant Attorney General, Civil Rights Division, and head of National Community Reinvestment Coalition headline this years national regulatory...
October 6, 2023
US Justice Department Assistant Attorney General, Civil Rights Division, and head of National Community Reinvestment Coalition headline this year’s national regulatory compliance conference ...
August 31, 2023
On August 28, the U.S. Department of Justice (DOJ) announced its eighth redlining settlement under its Combatting Redlining Initiative. The settlement between the DOJ and the American...
August 21, 2023
Redlining is a type of mortgage discrimination in which lenders deny loans based on a neighborhood's racial composition. Housing discrimination is deeply embedded in America’s past — and mortgage lenders are partly responsible through the practice of redlining.In a nutshell, redlining is mortgage discrimination against nonwhite neighborhoods. Lenders engage in redlining when they deny loans based on an area’s racial composition.Here, an overview of redlining’s pa...
June 4, 2023
ESSA Bank & Trust will pay more than $3 million to settle claims that it engaged in redlining against people living in majority-Black and Hispanic neighborhoods
May 30, 2023
Perhaps the signature initiative of the Department of Justice's Civil Rights Division under the current Administration has been its Combatting Redlining Initiative. By "redlin...
May 23, 2023
Department of Justice’s Civil Rights Division has focused on combatting redlining. The DOJ is investigating lenders that avoid providing home mortgage loans to homeowners in majority-minority census tracts, in violation of the Fair Housing and Equal Credit Opportunity Acts.