Fair Housing Act

8 insights in the latest HMDA data

05/09/18

From falling originations to market share shifts for nonbanks and government loans, here's a look at key findings from the just-released 2017 Home Mortgage Disclosure Act data.

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Small bank's redlining settlement a cautionary tale in fighting the government

05/09/18

After a long battle with the Justice Department over redlining charges, KleinBank caved as legal costs soared.

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What the government gets wrong about fair lending

04/09/18

Loosening lending standards can actually increase the odds that banks get sued for discrimination.

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Senate Dems criticize Carson over HUD enforcement practices

03/22/18

Senate Democrats accused Housing and Urban Development Secretary Ben Carson and his agency of failing to enforce fair housing laws.

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Federal Reserve lowers CRA rating for New York bank

03/16/18

Financial Institutions, the parent of Five Star Bank, was hit with a "needs to improve" rating after a review of its activities from 2011 to 2013.

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Will HMDA data carve-out for small banks make discrimination easier?

03/13/18

Community banks and consumer advocates are clashing over a provision in the Senate banking bill on mortgage data reporting, but there’s been little vetting of what the measure would actually do.

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Capital One marketing oversold, underdelivered to minorities, lawsuit says

03/01/18

Two civil rights groups in Texas allege that Capital One's TV ads featuring black celebrities encourage minority customers to deposit money and use debit cards, while its branch closings in their neighborhoods cut them off from loans and other services.

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CFPB launches online tools for HMDA reporting

12/27/17

The Consumer Financial Protection Bureau on Wednesday launched a rate spread calculator and validation tool for financial companies reporting Home Mortgage Disclosure Act data starting Jan. 1.

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Two court decisions, one big blow for cities’ lawsuits against megabanks

06/14/17

While the courts have affirmed cities’ right to file predatory lending suits, they are also now holding them to a much higher standard in proving that banks knowingly steered minority borrowers into high-cost home loans.

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Philadelphia is latest city to sue Wells Fargo for discriminatory lending

05/15/17

The city joins a growing list of municipalities that have filed similar lawsuits, just two weeks after the Supreme Court ruled that municipalities have standing to sue lenders under the Fair Housing Act.

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