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
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- Bahamas: Joint Statement From Bahamas Financial Services Board, Association Of International Banks And Trust Companies, Ministry Of Finance, Office Of The Attorney General
- EU: What Will The New Basel III Regulation Mean For The EU Banking World?
- Nigeria: Steps To Establishing A Digital Bank In Nigeria
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- Asia: Victory In Islamic Banking Dispute Amounting To RM38 Million