Race discrimination

CFPB fines Freedom Mortgage $1.75M for HMDA violations


The company intentionally submitted inaccurate borrower information overstating the number of white applicants, the consumer bureau alleges in a consent order.


Reading between the lines of CFPB’s regulatory to-do list


The agency's spring rulemaking agenda includes the process for collecting small-business data as well as underwriting rules for GSE-backed loans. But what's missing from the list may be just as important.


CFPB official under fire for past writings on race resigns


Eric Blankenstein, the CFPB's policy director for supervision, enforcement and fair lending, has been criticized for using a racial slur in blog posts 15 years ago and claiming the majority of hate crimes were hoaxes.


House hearing on fair-lending rules keeps spotlight on Facebook


A discussion on how to modernize policies to combat housing discrimination quickly turned into a sharp critique of the social media giant's advertising practices.


A banker’s guide to Facebook’s new advertising rules


Banks will likely continue to exercise caution in the wake of Facebook's announcement that it’s restricting the way providers of housing, employment and credit advertise on its site.


House, Senate Dems introduce bill to encourage diversity among Fed presidents


The bill would require at least one gender diverse and one racially or ethnically diverse candidate to be interviewed for Fed regional bank president vacancies.


House diversity panel a doubled-edged sword for banks


A Financial Services subcommittee planned by Democrats to root out discrimination and expand financial inclusion could put banks on the hot seat, but it could also foster regulatory relief.


Weren’t algorithms supposed to make digital mortgages colorblind?


Minorities are still charged more for mortgages when all other applicable credit factors are equal — both in-person and online, according to a new study by the University of California, Berkeley.


JPM to tap contactless market; bad day for bitcoin


While JPM won't by the first to offer tap to pay, others may follow; cryptocurrency drops to lowest level of the year.


Consider default rates when assessing claims of disparate impact


A new analysis of mortgage data demonstrates how default rates, not just approval and decline rates, can be used to evaluate findings of unfair treatment in lending.