Race discrimination

Where have all the CFPB fair-lending cases gone?

12/16/19

Despite assurances by Director Kathy Kraninger that the agency is cracking down on discrimination, the agency has not filed an enforcement action or sent a Department of Justice referral on a fair-lending violation in two years.

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BofA adds to holiday cheer; AI could be a savings tool

12/12/19

The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings.

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Good quarter for banks?; HSBC settles U.S. tax evasion case

12/11/19

JPM’s CFO says trading, investment banking revenue better than expected; the bank will pay $192 million to settle charges it helped customers hide assets.

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House Dems call on HUD to rescind changes to disparate impact standard

11/22/19

House Democrats described the disparate impact standard as "the most important tool" for enforcing the Fair Housing Act.

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Apple Card’s bias charges could contain a silver lining for small businesses

11/21/19

The CFPB has promised an equal-access rule for small-business lending for nearly a decade. But Apple’s recent discrimination inquiry into its credit card could force the agency’s hand.

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HUD promotes former CFPB official criticized for blog posts

11/08/19

Eric Blankenstein, who resigned from the Consumer Financial Protection Bureau in May after the discovery of his racially charged writings, was named acting executive vice president of Ginnie Mae.

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CFPB extends temporary HMDA relief for small institutions

10/10/19

Institutions that offer fewer than 500 open-end lines of credit will get another two-year exemption from reporting requirements under the Home Mortgage Disclosure Act.

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From rising star to center stage: JPMorgan Chase's Thasunda Duckett

10/02/19

When she was growing up, Thasunda Duckett's family used crates as furniture and struggled to buy groceries. Now she's become one of JPMorgan Chase's most visible executives, using the lessons of her past to help guide the company's massive branch expansion

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'The assault here is on due process': Comments of the Week

09/12/19

Readers react to the Trump administration's release of a housing finance reform plan, a proposal by HUD to redefine "disparate impact," and challenger bank claims they can end bank fees for good.

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AI becoming part of TD Bank’s DNA

09/12/19

The bank has been deploying artificial intelligence in every business line, conducting research to find out what consumers think about the technology, and holding a roundtable with experts to define "responsible" AI.

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