National City Bank will pay $35 million to settle a complaint brought by the consumer financial protection bureau (CFPB) and the Department of justice (doj) alleging that the bank discriminated against African-American and Hispanic borrowers by charging them higher mortgage interest rates compared to similarly creditworthy white borrowers.
CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing. complaint against National City Bank for charging higher prices on mortgage loans to African-American.
On December 20, 2013, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) announced that the federal government has reached a $98 million settlement with Ally Financial, Inc., and Ally Bank (Ally), resolving allegations that Ally had allowed automobile dealers to charge minority borrowers higher rates of interest on automobile loans than they charged white.
The robo-settlement impact on future foreclosures RealtyTrac: Foreclosure filings near 5-year low foreclosures filings fell 5 percent between March and April of this year, and by 11 percent as compared to one year ago. The data comes from RealtyTrac.. The robo-settlement impact on future foreclosures.
The CFPB and the Department of Justice filed a joint complaint against National City Bank for charging higher prices on mortgage loans to African-American and. Complaint. Press release. CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing
WASHINGTON-The CFPB and the Department of Justice have announced a joint action against Hudson City Savings Bank for discriminatory redlining practices that denied residents in majority-Black-and-Hispanic neighborhoods fair access to mortgage loans. The complaint filed by the CFPB and DOJ alleges that Hudson City illegally provided unequal.
U.S. Bancorp Fund Services president Joe Redwine to retire, Joe Neuberger named successor Hackers caught selling access to over 70,000 companies The sale of the boats would mean a reduction of 70,000 tons of tuna from a U.S. company, meaning more Americans would be eating tuna caught by foreign operators, who are often criticized for.Joe D. Redwine (4) (age 68). Senior Vice President, U.S. Bancorp Fund Services, LLC (February 2008 to present).. until the election and qualification of his/her successor. In addition, the.
WASHINGTON PNC Financial has reached a $35 million settlement with the Consumer Financial Protection Bureau and Department of Justice over allegations that National City Bank which PNC acquired in 2008 made higher-priced mortgage loans to minorities. Federal authorities filed a complaint.
On June 29, the Consumer Financial Protection Bureau (CPPB) and Department of Justice (DOJ) announced a joint enforcement action against a regional bank for alleged discriminatory mortgage lending in violation of the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHA), filed in the Di.
The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) have filed a joint complaint against National City Bank for charging higher prices on mortgage loans to African-American and Hispanic borrowers than similarly creditworthy white borrowers between the years 2002 and 2008.
Vacancies drop again in Invitation Homes rental securitizations Executive Conversation: Mark McElroy on the benefits of eClosings By Cory Searcy A growing number of companies are working to develop sustainable supply chains. A key challenge is to align their supply chain performance with the economic, environmental, and social thresholds that dictate whether it is sustainable or not. This article discusses what supply cha.
The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) teamed up Monday to file a compliant against National City Bank and its successor pnc bank, alleging the institution overcharged minority borrowers on mortgage loans between 2002 and 2008.